Lesson 05 - 02 Question and Answer

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2. Long Condor

Buy 1 — 5400 CALL @ 218.9

Sell 1 — 5450 CALL @ 188.6

Sell 1 — 5500 CALL @ 160.7

Buy 1 — 5550 CALL @ 136.1


A. Spread Price: 5.7 (debit)
B. Max profit: 44.3
C. Max loss: 5.7
D. Break even 1: 5405.7
     Break even 2: 5544.3