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5.7. Long Put Condor

ProficiencyDirectionVolatilityAsset LegsMax RiskMax RewardStrategy Type
+
   +   
AdvancedNeutralLow• Long PutCappedCappedCapital Gain
   • Short Put   
   • Short Put   
   • Long Put   


5.7.1. Description

The Long Put Condor is another rangebound strategy and is the opposite of a Short Put Condor, which is a volatility strategy. Long condors are quite popular because they offer a good risk/reward ratio, together with low cost. The long options at the outside strikes ensure that the risk is capped on both sides, and this is a much more conservative strategy than the Short Strangle.


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