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#expected-value

Dark navy fintech chart showing expected value calculation for iron condor trades
Iron Condor Strategy6 min

Iron Condor Risk-to-Reward: Setting the Right Expectations

Iron condors have an unfavorable raw risk-to-reward ratio — collect $1.00 on a 25-point spread, and your max loss is $24.00. That's 24:1 risk to reward on…

Bernardo Rocha
Probability distribution chart showing 90% profit zone and 10% loss zone for iron condor options strategy
Iron Condor Strategy9 min

Iron Condor Win Rate: Understanding 90% Probability Setups

Iron Condor Win Rate: Understanding 90% Probability Setups An iron condor placed at 0.10 delta on each short strike has a roughly 90% probability of each…

Bernardo Rocha