Calculate Max Profit, Max Loss & Both Breakeven Points
Confused by iron condor math? Can't figure out your max profit and breakeven points? Our calculator shows the core numbers for your trade—max profit, max loss, breakeven on both sides, return on risk, and the payoff at expiration—all in one place.
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Four Different Strikes to Manage — All with different calculations
Multiple Breakeven Points — Call side and put side work differently
Max Profit is Hidden — You don't know if the premium is worth it
Assignment Risk is Complex — Could happen on either side, both, or neither
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Master the iron condor strategy with our comprehensive guides. Learn optimal strike selection, DTE optimization, and risk management techniques.
Enter tickers and a days-to-expiration range to scan
Short call, long call, short put, and long put strikes, priced from the live option chain
See max profit if both sides expire worthless, max loss if the stock finishes beyond either long strike
Example: Max Profit
$350
Example: Max Loss
$150
Example: Profit Zone
$571.50-$583.50
Example: Return on Risk
233%
Everything you need to know about getting started
