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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| RIVN | RIVN Leg 1 |
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| RIVN | RIVN Leg 2 |
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| RIVN | RIVN Leg 3 |
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| RIVN | RIVN Leg 4 |
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Trade Information
Iron Condor
SELL -1 RIVN Dec 11, 2026 14.50 call @$0.37
BUY +1 RIVN Dec 11, 2026 17.00 call @$0.11
SELL -1 RIVN Dec 11, 2026 12.00 put @$0.47
BUY +1 RIVN Dec 11, 2026 10.50 put @$0.13
Stock
RIVN Current Price
$12.83 USD
RIVN Breakeven Price
Between $11.40 and $15.10
Trade Details
Cost of Trade
-$60.00 USD
Maximum Profit
$60.00
Maximum Loss
-$190.00
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)