a Long Condor has a complex profit/loss chart, especially before expiry. Straddle Short straddle Butterfly ( options strategy )) See also edit References edit McMillan, lawrence G. Prentice Hall. (2002)). Here you can see the profit/loss graph of a Long Condor at expiry (orange line)) and 35 days before expiry: Profit charts edit These binary options trading profit are examples of charts that show the profit of the strategy as the price of the underlying varies. Options as a Strategic Investment (4th ed.)).
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