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Iron Albatross Spread

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An iron albatross is an iron condor stretched wide: sell an out of the money put and an out of the money call, then buy a further out put and call as wings, leaving a large gap between the two short strikes. The wide body gives a broad profit zone for a smaller credit, and the long wings define the maximum loss.

All four legs price from option symbols built out of your strike and expiration inputs, with on demand bid, ask and previous close, so the credit, the wing width and both breakevens update against the current chain.

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