Iron Condor - Maximum loss

Discussion in 'Options' started by moolah, Oct 10, 2017.

  1. Hello.Sorry for my following stupid question.Iron condor.In my interactive broker account an iron condor (4 options)has a minus sum. Do i buy or sell this minus thing?
     
    #21     Apr 14, 2019
  2. It depends on whether you want to be long or short the Iron Condor. When a trader talks about an IC for the most part they mean they short it meaning that they receive a credit and hope that the underlying expires between the short strikes for max profit.
    If this is what you want you should initiate your trade for a credit (I don't know your broker so I don't know which buttons to push) but make sure the trade is done for a CREDIT and that will be the max profit on this trade.
     
    #22     Apr 14, 2019