In: Finance
The profits from long and short positions in call and put options where St is the Stock price at maturity and K is the strike price is given by
Profit from a long call = max(St-K, 0) - Premium
Profit from a Short call = Premium - max(St-K, 0)
Profit from a long put = max(K-St, 0) - Premium
Profit from a short put = Premium - max(K-St, 0)
So, the total profit and loss is the sum of all the four options profit and loss
the profit and loss table as well as chart are as shown below
Iron Condor profit and loss | |||||
Stock price at | Profit and Loss | Total Profit/Loss | |||
Expiration | Short 365 call | Long 375 call | Short 355 put | Long 345 put | |
310 | 21.16 | -17.08 | -30 | 23.6 | -2.32 |
311 | 21.16 | -17.08 | -29 | 22.6 | -2.32 |
312 | 21.16 | -17.08 | -28 | 21.6 | -2.32 |
313 | 21.16 | -17.08 | -27 | 20.6 | -2.32 |
314 | 21.16 | -17.08 | -26 | 19.6 | -2.32 |
315 | 21.16 | -17.08 | -25 | 18.6 | -2.32 |
316 | 21.16 | -17.08 | -24 | 17.6 | -2.32 |
317 | 21.16 | -17.08 | -23 | 16.6 | -2.32 |
318 | 21.16 | -17.08 | -22 | 15.6 | -2.32 |
319 | 21.16 | -17.08 | -21 | 14.6 | -2.32 |
320 | 21.16 | -17.08 | -20 | 13.6 | -2.32 |
321 | 21.16 | -17.08 | -19 | 12.6 | -2.32 |
322 | 21.16 | -17.08 | -18 | 11.6 | -2.32 |
323 | 21.16 | -17.08 | -17 | 10.6 | -2.32 |
324 | 21.16 | -17.08 | -16 | 9.6 | -2.32 |
325 | 21.16 | -17.08 | -15 | 8.6 | -2.32 |
326 | 21.16 | -17.08 | -14 | 7.6 | -2.32 |
327 | 21.16 | -17.08 | -13 | 6.6 | -2.32 |
328 | 21.16 | -17.08 | -12 | 5.6 | -2.32 |
329 | 21.16 | -17.08 | -11 | 4.6 | -2.32 |
330 | 21.16 | -17.08 | -10 | 3.6 | -2.32 |
331 | 21.16 | -17.08 | -9 | 2.6 | -2.32 |
332 | 21.16 | -17.08 | -8 | 1.6 | -2.32 |
333 | 21.16 | -17.08 | -7 | 0.6 | -2.32 |
334 | 21.16 | -17.08 | -6 | -0.4 | -2.32 |
335 | 21.16 | -17.08 | -5 | -1.4 | -2.32 |
336 | 21.16 | -17.08 | -4 | -2.4 | -2.32 |
337 | 21.16 | -17.08 | -3 | -3.4 | -2.32 |
338 | 21.16 | -17.08 | -2 | -4.4 | -2.32 |
339 | 21.16 | -17.08 | -1 | -5.4 | -2.32 |
340 | 21.16 | -17.08 | 0 | -6.4 | -2.32 |
341 | 21.16 | -17.08 | 1 | -7.4 | -2.32 |
342 | 21.16 | -17.08 | 2 | -8.4 | -2.32 |
343 | 21.16 | -17.08 | 3 | -9.4 | -2.32 |
344 | 21.16 | -17.08 | 4 | -10.4 | -2.32 |
345 | 21.16 | -17.08 | 5 | -11.4 | -2.32 |
346 | 21.16 | -17.08 | 6 | -11.4 | -1.32 |
347 | 21.16 | -17.08 | 7 | -11.4 | -0.32 |
348 | 21.16 | -17.08 | 8 | -11.4 | 0.68 |
349 | 21.16 | -17.08 | 9 | -11.4 | 1.68 |
350 | 21.16 | -17.08 | 10 | -11.4 | 2.68 |
351 | 21.16 | -17.08 | 11 | -11.4 | 3.68 |
352 | 21.16 | -17.08 | 12 | -11.4 | 4.68 |
353 | 21.16 | -17.08 | 13 | -11.4 | 5.68 |
354 | 21.16 | -17.08 | 14 | -11.4 | 6.68 |
355 | 21.16 | -17.08 | 15 | -11.4 | 7.68 |
356 | 21.16 | -17.08 | 15 | -11.4 | 7.68 |
357 | 21.16 | -17.08 | 15 | -11.4 | 7.68 |
358 | 21.16 | -17.08 | 15 | -11.4 | 7.68 |
359 | 21.16 | -17.08 | 15 | -11.4 | 7.68 |
360 | 21.16 | -17.08 | 15 | -11.4 | 7.68 |
361 | 21.16 | -17.08 | 15 | -11.4 | 7.68 |
362 | 21.16 | -17.08 | 15 | -11.4 | 7.68 |
363 | 21.16 | -17.08 | 15 | -11.4 | 7.68 |
364 | 21.16 | -17.08 | 15 | -11.4 | 7.68 |
365 | 21.16 | -17.08 | 15 | -11.4 | 7.68 |
366 | 20.16 | -17.08 | 15 | -11.4 | 6.68 |
367 | 19.16 | -17.08 | 15 | -11.4 | 5.68 |
368 | 18.16 | -17.08 | 15 | -11.4 | 4.68 |
369 | 17.16 | -17.08 | 15 | -11.4 | 3.68 |
370 | 16.16 | -17.08 | 15 | -11.4 | 2.68 |
371 | 15.16 | -17.08 | 15 | -11.4 | 1.68 |
372 | 14.16 | -17.08 | 15 | -11.4 | 0.68 |
373 | 13.16 | -17.08 | 15 | -11.4 | -0.32 |
374 | 12.16 | -17.08 | 15 | -11.4 | -1.32 |
375 | 11.16 | -17.08 | 15 | -11.4 | -2.32 |
376 | 10.16 | -16.08 | 15 | -11.4 | -2.32 |
377 | 9.16 | -15.08 | 15 | -11.4 | -2.32 |
378 | 8.16 | -14.08 | 15 | -11.4 | -2.32 |
379 | 7.16 | -13.08 | 15 | -11.4 | -2.32 |
380 | 6.16 | -12.08 | 15 | -11.4 | -2.32 |
381 | 5.16 | -11.08 | 15 | -11.4 | -2.32 |
382 | 4.16 | -10.08 | 15 | -11.4 | -2.32 |
383 | 3.16 | -9.08 | 15 | -11.4 | -2.32 |
384 | 2.16 | -8.08 | 15 | -11.4 | -2.32 |
385 | 1.16 | -7.08 | 15 | -11.4 | -2.32 |
386 | 0.16 | -6.08 | 15 | -11.4 | -2.32 |
387 | -0.84 | -5.08 | 15 | -11.4 | -2.32 |
388 | -1.84 | -4.08 | 15 | -11.4 | -2.32 |
389 | -2.84 | -3.08 | 15 | -11.4 | -2.32 |
390 | -3.84 | -2.08 | 15 | -11.4 | -2.32 |
391 | -4.84 | -1.08 | 15 | -11.4 | -2.32 |
392 | -5.84 | -0.08 | 15 | -11.4 | -2.32 |
393 | -6.84 | 0.92 | 15 | -11.4 | -2.32 |
394 | -7.84 | 1.92 | 15 | -11.4 | -2.32 |
395 | -8.84 | 2.92 | 15 | -11.4 | -2.32 |
396 | -9.84 | 3.92 | 15 | -11.4 | -2.32 |
397 | -10.84 | 4.92 | 15 | -11.4 | -2.32 |
398 | -11.84 | 5.92 | 15 | -11.4 | -2.32 |
399 | -12.84 | 6.92 | 15 | -11.4 | -2.32 |
400 | -13.84 | 7.92 | 15 | -11.4 | -2.32 |
401 | -14.84 | 8.92 | 15 | -11.4 | -2.32 |
402 | -15.84 | 9.92 | 15 | -11.4 | -2.32 |
403 | -16.84 | 10.92 | 15 | -11.4 | -2.32 |
404 | -17.84 | 11.92 | 15 | -11.4 | -2.32 |
405 | -18.84 | 12.92 | 15 | -11.4 | -2.32 |
406 | -19.84 | 13.92 | 15 | -11.4 | -2.32 |
407 | -20.84 | 14.92 | 15 | -11.4 | -2.32 |
408 | -21.84 | 15.92 | 15 | -11.4 | -2.32 |
409 | -22.84 | 16.92 | 15 | -11.4 | -2.32 |
410 | -23.84 | 17.92 | 15 | -11.4 | -2.32 |