Constructing a Long Condor Using Four Strikes

This segment walks through a four-strike call position, showing how buying and selling calls at different levels sets a fixed maximum gain and loss.

0:00 Introduction: Long Condor Structure
0:17 Four Different Strikes Explained
0:51 Example Setup: Stock at 87.5
1:07 Selling Short Strikes (85/90 Calls)
1:29 Buying Wings (80/95 Calls)
2:28 Maximum Profit: $300 on $200 Risk
3:01 Maximum Loss: $200 Debit Paid

Register to view the complete Four Legs, One Position: How Condors and Butterflies Are Built webinar: https://bit.ly/4gmJCWo.