Quote:
Originally Posted by lewdog
Please educate me. How do these options work?
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An Iron Condor is a combination of a Short put Spread and a Short Call Spread. The idea is that the stock will remain between the two short strikes before expiration. Mine has 67 days remaining.
Iron condor P/L looks like this:
![](https://i2.wp.com/www.optionsbro.com/wp-content/uploads/2017/07/Iron-Condor-Options-Trading-Example.jpg)