Reverse Iron Condor Spread

Buys a call spread above the market and a put spread below it in the same expiration, which is the reverse iron condor: a net debit position that pays when the stock breaks out of the range between the inner strikes.

Streaming bid and ask price all four legs while the market is open, so the debit reflects current quotes. Loss is limited to the premium paid and gain is capped by the width of the two spreads. The payoff grid marks both breakevens and the plateaus beyond the outer strikes.