Short Put Condor Option Screener

[Directional, Limited Risk, Limited Reward] The short put condor strategy is a high volatility option strategy where you expect the underlying security to move in either direction. The short put condor option strategy involves selling a put option, buying a put option at a higher strike price, buying a put option at a higher strike price, and selling a put option at a higher strike price, where the middle strikes straddle the underlying price. The short put condor spread is a combination of a bear put and a bull put spread. Maximum profit is the difference between the premium received for the short puts and the premium paid for the long puts (Net Credit). Maximum loss is the difference between the outer and next strike values minus the Net Credit. The short put condor strategy succeeds if the underlying security breaks through the trading range, trading below the lower downside breakeven (lower strike + Net Credit) or upside breakeven (upper strike - Net Credit) at expiration. Maximum profit is achieved if the underlying security is outside either of the outer strike prices at expiration.