Calculate Max Profit, Max Loss & Probability of Success
Confused by iron condor math? Can't figure out your max profit and breakeven points? Our calculator shows you everything about your trade—max profit, max loss, breakeven on both sides, and real assignment probability—all in one place.
✅ Simple Max Profit / Max Loss Summary
✅ Two Breakeven Points (call side + put side)
✅ Assignment Probability for Each Side
✅ Real-time Greeks for All Four Legs Combined
✅ Adjustment Recommendations if Stock Moves
✅ Probability of Max Profit (both sides win)
Short call strike, long call strike, short put strike, long put strike
What you collected from both short legs, what you paid for both long legs, plus DTE
See max profit if both sides expire worthless, max loss if stock moves outside both spreads
Max Profit
$350
Max Loss
$150
Safe Range
$573-$582
Probability of Max Profit
56%
A 4-leg options strategy combining: sell a call spread (profitable if stock stays below short strike) and sell a put spread (profitable if stock stays above short strike). You collect premium from both spreads.
Call-side breakeven = Short call strike + total credit. Put-side breakeven = Short put strike - total credit. Your trade profits if stock stays between both breakevens.
Probability that both sides expire worthless (you keep max profit). Uses historical data, not just current Greeks.
Iron condors collect more premium (both sides), have lower max loss probability, but are more complex. Single spreads are simpler but collect less premium.
Yes, many traders do to free up capital and reduce risk. Each trade is different—depends on theta remaining and time available.
Join traders who are already using our tools to make better decisions.
