Long Put Condor

Neutral

Put-version condor with bounded risk/reward.

Performance across all datasets

SymbolReturn %SharpeMax DD %Win %Avg/trade %Trades
SPY-896.8%-1.03+910.6%+10.5%-47.2%19
QQQ-933.5%-0.81+1091.1%+21.1%-49.1%19
IWM-823.0%-0.64+781.1%+31.6%-43.3%19
DIA-748.0%-0.61+673.7%+31.6%-39.4%19
Avg-850.3%-0.77+864.1%+23.7%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)