would you ever do an iron condor that was OTM?

Yes

 

Curious why your image does not represent your question? An OTM IC would have OTM legs. Your PUT legs are ITM!

 

For some reason my presumtion was profitable > ITM. The question stands based on the picture.

 

Let me rephrase, would you ever open an iron condor such that price has to move very far and specifically to one area for it to be profitable?

 

why not? if for whatever reason your forecast is for price to settle in that range above.. an ic up there could be the best risk-reward structure.

 

What's the point of doing an iron condor ITM?

 

I use like strategies to leg into long stock planning to take delivery by either the long calls or short puts, but I delta hedge the call side with an odd lot. Seldom do I use an option spread planning to just close it without there being an exercise involved anymore.

 

makes no sense to me. unless you have very acurate predictions that price will land in between short strikes, this structure is a waste of commissions