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4.9. Short Put Condor

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


4.9.1. Description

The Short Put Condor is identical to the Short Call Condor except that it uses puts instead of calls. It is the opposite of a Long Put Condor, which is a rangebound strategy. Short condors aren't particularly popular because even though they produce a net credit, they offer very small returns compared to straddles and strangles with only slightly less risk.


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