Condor Spread

Options Intermediate NIFTY Options BANKNIFTY Options Stock Options

Neutral to Slightly Directional - Wide Range Expected

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Quick Reference

Strategy Type	Four-Strike Directional Spread with Wide Profit Zone
Market Outlook	Neutral to Slightly Directional - Wide Range Expected
Risk Profile	Defined Risk (Limited to Net Debit or Width minus Credit)
Reward Profile	Limited Profit (Difference Between Middle Strikes minus Net Cost)
Time Horizon	2-6 weeks
Capital Requirement	Low to Medium
Margin Type	Limited margin due to defined risk
Best Used When	Expecting underlying to settle within a wide range at expiry with low volatility

Expecting underlying to settle within a wide range at expiry with low volatility

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