Value-Trades

Iron Condor Strategy: Real Trade Example


Real Example (July 2025)

An iron condor involves selling a call spread and a put spread at different strike prices. It's a non-directional strategy that profits from time decay if the stock remains in a tight range.
  • Stock: XYZ Corp
  • Outlook: Neutral
  • Setup: Sell $95 Put @ $2.00, Buy $90 Put @ $1.00, Sell $105 Call @ $2.00, Buy $110 Call @ $1.00
  • Net Credit: $2.00 ($200 per contract)
  • Max Gain: $200
  • Max Loss: $300
  • Breakeven: $93 and $107

Outcomes

Stock PriceTotal ValueProfit/Loss
$100$0+$200
$93-$3.00-$100
$110-$3.00-$100

Compare With Iron Butterfly Strategy →

Learn Iron Butterfly

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