Iron Condor Option Strategy

Selling an out of the money put and an out of the money call, then buying a further out put and call to cap each side, gives the defined risk credit position priced in this workbook. Profit is the credit if the underlying finishes between the short strikes, and the maximum loss is the wider wing less that credit.

Every contract prices from an option symbol built out of your strikes and expiration, with bid, ask and previous close on demand and the stock's last price alongside, so both breakevens and the risk to reward ratio update with the chain.