Lesson 05 - 03 Question and Answer

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3. Short Condor

Sell 1 — 5500 PUT @ 192.5

Buy 1 — 5475 PUT @ 181.2

Buy 1 — 5450 PUT @ 170.8

Sell 1 — 5425 PUT @ 160.9


A. Spread Price: 1.4 (credit)
B. Max profit: 1.4
C. Max loss: 23.6
D. Break even 1: 5426.4
     Break even 2: 5498.6