An iron condor strategy has a setup of 1 of everything! 1 long call, 1 write call, 1 long put, and 1 write put. Generally the difference between the calls are the same as the difference between the puts, and also have the same difference between the current stock price. For example, say AAPL is trading at 150, an iron condor could be 1 long call at 170, 1 write call at 160, 1 long put at 130 and 1 write put at 140.
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Option Contracts
Long Put
Short Put
Short Call
Long Call
Equity - Long
100 shares
Estimated Returns
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