Iron Condor Breakeven Calculator

Calculate breakeven points, max profit, max loss, and profit range for your Iron Condor position.

Iron Condor Structure
Long Put
(OTM)
Short Put
(OTM)
Profit ZoneUnderlying stays here
Short Call
(OTM)
Long Call
(OTM)
Call Spread (Bear Call)
$
$
$
$
Put Spread (Bull Put)
$
$
$
$
Please correct the following:
    Results
    Net Credit Received
    —
    — per share
    Max Profit
    —
    If price stays in profit zone
    Max Loss
    —
    If price breaches either spread
    Risk / Reward Ratio
    —
    Risk per $1 of potential profit
    Breakeven Points & Details
    Upper Breakeven —
    Lower Breakeven —
    Profit Range (Width) —
    Call Spread Width —
    Put Spread Width —
    Price Zone Summary
    Loss Zone—
    Profit Zone—
    Loss Zone—
    How It Works
    Net Credit: (Call Short Premium − Call Long Premium) + (Put Short Premium − Put Long Premium)
    Upper Breakeven: Call Short Strike + Net Credit Per Share
    Lower Breakeven: Put Short Strike − Net Credit Per Share
    Max Profit: Net Credit × Contracts × 100 (when price stays between short strikes at expiration)
    Max Loss: (Larger Spread Width − Net Credit Per Share) × Contracts × 100
    !
    Risk Disclaimer
    This calculator is provided for educational and informational purposes only and does not constitute financial, investment, or trading advice. Options trading involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. The calculations shown are theoretical and do not account for commissions, fees, bid-ask spreads, slippage, early assignment risk, or other real-world trading costs. Always consult a qualified financial advisor before making any investment decisions. OptionBots.com is not responsible for any trading losses incurred based on use of this tool.

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