Options Jive - February 22, 2021 - Reaching Max Loss with Iron Condors

Published: Feb. 22, 2021, 2:21 p.m.

Iron condors have defined risk. More specifically, the maximum loss is capped by the BPR of the contract when opening the position.

How likely is it for the P/L of an iron condor to reach this worst case loss?

Join Tom and Tony as they look at SPY iron condors to answer this question.