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Iron Condor

An iron condor strategy consists of one short call spread and one short put spread. This strategy is used when the investor believes there will be little or no price movement in the underlying asset's price.

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Options

Action Qty Expiration Date Strike Type Price Delta IV
APP APP Leg 1
Action
Qty
Expiration Date
Strike
Type
Price
Delta
IV
%
APP APP Leg 2
Action
Qty
Expiration Date
Strike
Type
Price
Delta
IV
%
APP APP Leg 3
Action
Qty
Expiration Date
Strike
Type
Price
Delta
IV
%
APP APP Leg 4
Action
Qty
Expiration Date
Strike
Type
Price
Delta
IV
%
±100%
to
       

Trade Information

Iron Condor

SELL -1 APP Dec 11, 2026 445.00 call @$12.35

BUY +1 APP Dec 11, 2026 505.00 call @$2.75

SELL -1 APP Dec 11, 2026 375.00 put @$14.80

BUY +1 APP Dec 11, 2026 325.00 put @$3.35

Stock

APP Current Price

$403.61 USD

APP Breakeven Price

Between $353.95 and $466.05

Trade Details

Cost of Trade

-$2,105.00 USD

Maximum Profit

$2,105.00

Maximum Loss

-$3,895.00

CVaR

Probability Analysis

Probability of Profit (PoP)

Probability of Max Profit

Probability of Max Loss

Risk Reward Analysis

Expected Value (EV)

Expected Return (EV/risk)

Reward/Risk

Position Greeks

Delta (Δ)

Gamma (Γ)

Theta (Θ)

Vega (ν)