Iron condor example Iron condors capitalize on minimal stock movement, time decay, and decreasing volatility. Using iron condors on the indexes eliminates single stock concerns and often is a safer way to use the strategy since indexes often do stay more sideways overall. Reverse Iron Condor Example. Looking at the profit and loss graph, we can see that the maximum profit lies between the middle strikes of 95 and 105. For example, we buy two put options contracts with a quoted price of $1. See an example of an S&P 500 Iron Condor spread and tips for risk management. One advantage of Iron Condors is that you can essentially receive double the income For example, a short iron condor can be created by combining a 75-80 bull put spread with a 95-100 bear call spread, resulting in a difference of 15 points for the strike price of the short options and five points for both spreads. Einige Optionshändler nutzen den Iron Condor als Alternative zum Long Condor Spread mit Calls oder Puts, weil bei dieser neutralen Strategie bereits zu Beginn eine erhaltene Optionsprämie realisiert werden kann. You think the stock will move a lot but aren’t sure which direction. Let's model an example position: Long 2 contracts of 45 strike put option, bought for 0. xnyesncovlapgviwrmmvulbafguadfaidyjwdjspcspsaogxemnaqqimivdonuxxhiatgfssp