Long Put Condor Option Screener

[Neutral, Limited Risk, Limited Reward] The long put condor strategy is a low volatility option strategy where you expect the underlying security to remain range-bound. The long put condor option strategy involves buying a put option, selling a put option at a higher strike price, selling a put option at a higher strike price, and buying a put option at a higher strike price, where the middle strikes straddle the underlying price. The long put condor is a combination of a bull put and a bear put spread. Maximum loss is the difference between the premium paid for the long puts minus the premium received for the short puts (Net Debit). Maximum profit is the difference between the outer and next strike values minus the Net Debit. The long put 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.