Long Call Condor Option Screener

[Neutral, Limited Risk, Limited Reward] The long call condor strategy is a low volatility option strategy where you expect the underlying security to remain range-bound. The long call condor option strategy involves buying a call option, selling a call option at a higher strike price, selling a call option at a higher strike price, and buying a call option at a higher strike price, where the middle strikes straddle the underlying price. The long call condor is a combination of a bull call and a bear call spread. Maximum loss is the difference between the premium paid for the long calls minus the premium received for the short calls (Net Debit). Maximum profit is the difference between the outer and next strike values minus the Net Debit. The long call condor strategy succeeds if the underlying security is trading within the range between the downside breakeven (lower strike + Net Debit) and upside breakeven (upper strike - Net Debit) at expiration. Maximum profit is achieved if the underlying security is at or between the center strike prices at expiration.