Long Call Condor

Neutral

Four-leg call condor with profit zone between middle strikes.

Performance across all datasets

SymbolReturn %SharpeMax DD %Win %Avg/trade %Trades
SPY+2454.6%0.89+138.3%+73.7%+129.2%19
QQQ+1796.3%0.56+335.4%+63.2%+94.5%19
IWM+1289.0%0.48+341.5%+57.9%+67.8%19
DIA+2259.4%1.20+100.0%+79.0%+118.9%19
Avg+1949.8%0.78+228.8%+68.4%19
Cumulative P&L % — all symbols
Detail:
Cumulative P&L % — SPY

Risk Profile

Max Profit
Between middle strikes
Max Loss
Net debit
Breakeven
Lower/upper
Outlook
Range target

Parameters

ParameterDefaultDescription
inner_width5%Distance between short strikes

Methodology

Defined-risk moderate-range trade using two long wings and two short inner calls.

Implementation

# +C(K1)-C(K2)-C(K3)+C(K4)