Exercise 29 · 14 min

Condors worked: uneven wings, contract count, and coin premiums

Time: 20 to 30 minutes · You'll need: a calculator or spreadsheet · Builds on: Lesson 29

Warm-up

Check yourself

You trade five contracts of a condor instead of one. Which of these changes?

Check yourself

A condor's put spread is 10 wide and its call spread 5 wide. Which side's width sets the position's maximum loss?

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