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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| SIRI | SIRI Leg 1 |
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| SIRI | SIRI Leg 2 |
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| SIRI | SIRI Leg 3 |
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| SIRI | SIRI Leg 4 |
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Trade Information
Iron Condor
SELL -1 SIRI Dec 11, 2026 42.00 call @$1.09
BUY +1 SIRI Dec 11, 2026 43.00 call @$0.13
SELL -1 SIRI Dec 11, 2026 28.00 put @$1.14
BUY +1 SIRI Dec 11, 2026 16.00 put @$1.07
Stock
SIRI Current Price
$31.85 USD
SIRI Breakeven Price
Above $26.97 (-15.32%)
Trade Details
Cost of Trade
-$103.00 USD
Maximum Profit
$103.00
Maximum Loss
-$1,097.00
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)