Long Put Condor

Neutral

Put-version condor with bounded risk/reward.

Performance across all datasets

SymbolReturn %SharpeMax DD %Win %Avg/trade %Trades
SPY+710.1%0.27+600.0%+52.6%+37.4%19
QQQ+917.3%0.27+703.4%+47.4%+48.3%19
IWM+143.1%0.05+700.0%+36.8%+7.5%19
DIA-390.7%-0.21+692.2%+31.6%-20.6%19
Avg+345.0%0.10+673.9%+42.1%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

Equivalent payoff family to call condor, expressed with puts.

Implementation

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