What is an Iron Condor and how do I execute it?

What is an Iron Condor and how do I execute it?

An Iron Condor is a four-leg options strategy that profits when the underlying stays within a defined price range. It involves selling an OTM Call and Put while buying further OTM options as protection — popular in range-bound markets. The Strategy Builder in F&O Universe offers Iron Condor as a pre-defined strategy with full payoff visualization, so you can analyze your risk and reward clearly before executing it through your IIFL Capital account.