A Bull Condor uses four options: buy a low strike call, sell a middle-low call, sell a middle-high call, and buy a high strike call. You profit when the stock stays between the two middle strikes. It's like betting the stock will rise moderately and stay within a specific range. This strategy offers limited risk and limited reward, perfect for mildly bullish expectations with range-bound movement.
Book your first demo and get an extra 20% off.
Book a Demo