Condor Option Payoff Diagram. We provide you this handy tool to draw powerful payoff diagrams of your well planned condor strategies and calculate the profit and loss to load near real time options chain lightening fast to. They are often also referred to as risk graphs the x axis represents the call or put stock options spot price whereas the y axis represents the profitloss that one reaps from the stock options.
The chart can display the total iron condor position andor the individual legs. They are often also referred to as risk graphs the x axis represents the call or put stock options spot price whereas the y axis represents the profitloss that one reaps from the stock options. When underlying price gets above the short call strike or below the short put strike total.
The payoff graph looks like the graph outline shown below.
The profit and loss areas are well defined with an iron condor. What we are looking at here is the payoff graph for a long call option strategy. Short put with a strike higher than the long put. A payoff graph will show the option positions total profit or loss y axis depending on the underlying price x axis.