Iron Condor Calculator
Calculate potential profit and loss for iron condor trades. Profit from low volatility with defined risk on both sides.
An iron condor combines a bull put spread and a bear call spread. You receive a net credit and profit when the stock stays within a range. Maximum profit occurs when the stock closes between the short strikes at expiration.
Current price: $100.00
Max Profit
$200.00
Max Loss
$300.00
Credit Received
$200.00
Return on Risk
66.7%
Profit Zone
Understanding Iron Condors
An iron condor is a four-legged options strategy that profits from low volatility. It combines a bull put spread below the current price with a bear call spread above the current price, creating a profit zone in the middle.
When to Use Iron Condors
- You expect the stock to trade in a range
- You want to profit from time decay
- You expect volatility to decrease
- You want defined risk on both sides
Key Formulas
Maximum Profit
Max Profit = Net Credit ReceivedMaximum Loss
Max Loss = Wider Spread Width × 100 - Net CreditRelated Calculators
Track Your Iron Condor Trades
Import your multi-leg trades and track performance with detailed analytics.
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