Iron Condor Calculator

An iron condor profits when the underlying stays within a defined range. It combines a bull put spread and a bear call spread. Enter all four strikes and net credit received to see your risk/reward, break-even prices, and the profit zone width.

Put Spread (Bull Put — lower wing)

Long Put Strike ($)

Short Put Strike ($)

Call Spread (Bear Call — upper wing)

Short Call Strike ($)

Long Call Strike ($)

Net Credit Received (total, $)

Max Profit

Max Loss

Risk/Reward

Lower B/E

Upper B/E

Profit Zone

Net Credit/Share

Max Profit (1 contract)

Max Loss (1 contract)

Put Spread Width

Call Spread Width