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 | |||||||||
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| GBTC | GBTC Leg 1 |
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| GBTC | GBTC Leg 2 |
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| GBTC | GBTC Leg 3 |
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| GBTC | GBTC Leg 4 |
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Trade Information
Iron Condor
SELL -1 GBTC Dec 11, 2026 59.00 call @$0.88
BUY +1 GBTC Dec 11, 2026 62.50 call @$0.25
SELL -1 GBTC Dec 11, 2026 53.00 put @$1.48
BUY +1 GBTC Dec 11, 2026 40.00 put @$0.30
Stock
GBTC Current Price
$54.73 USD
GBTC Breakeven Price
Between $51.19 and $60.81
Trade Details
Cost of Trade
-$181.00 USD
Maximum Profit
$181.00
Maximum Loss
-$1,119.00
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)