Duration: 4:33

This strategy profits if the underlying stock is inside the inner wings at expiration.

Contributed By: OIC (Option Industry Council)

Study Notes:

Original study notes from Options Industry Council (OIC) Education

Long Condor

Short Condor


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Disclosure: Multiple Leg Strategies

Multiple leg strategies, including spreads and straddles, will incur multiple commission charges.

Disclosure: Options Trading

Options involve risk and are not suitable for all investors. Multiple leg strategies, including spreads, will incur multiple commission charges. For more information read the “Characteristics and Risks of Standardized Options” also known as the options disclosure document (ODD) or visit ibkr.com/occ