The Long Condor can be viewed as a variation of the Long Butterfly options strategy, the difference being that the strikes of the "wings" of the strategy are different.

This widens the price range at which the strategy is profitable (and thus increases the probability of being profitable), but the maximum profit becomes lower, while the maximum loss increases.
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New

Buy / Sell Quantity Call / Put / Stock Strike Days to Expiry Volatility, % Premium Debit / Credit  
-24.6981
18.0691
8.8641
-5.9976
Total-3.7625

Long Condor P/L Chart


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Created with Highcharts 4.1.5PriceProfit / LossTodayAt Expiry707580859095100105110115120125130-6-4-202468Highcharts.com