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What columns does the OptiScan iron condor table show?

The OptiScan iron condor table displays one row per liquid iron condor — a four-leg credit strategy combining a short put spread and a short call spread on the same underlying and expiration. OptiView constructs each row by combining four liquid option legs in ascending strike order (long put, short put, short call, long call) and computing the combined P&L structure, IV edge, composite Greeks, and probability metrics.

Position structure columns

  • Underlying: ticker symbol of the underlying asset
  • Underlying Price: latest traded price of the underlying
  • 1D Change: percentage price change of the underlying over the prior session
  • Expiration: the iron condor's expiration date
  • Days to Expiry: calendar days remaining until expiration
  • Long Put / Short Put / Short Call / Long Call Strike: the four strikes in ascending order — the profit zone is the range between the two short strikes
  • Put Wing Width / Call Wing Width: distance between the long and short strike on each side; OptiScan only includes symmetric condors where both wing widths are equal
  • Body Width: distance between the two short strikes — wider bodies increase the probability of max profit but require higher implied volatility to justify the premium collected
  • Days to Earnings: calendar days until the next earnings release for the underlying

P&L and yield columns

  • Bid / Ask: composite bid and ask for the iron condor
  • Net Premium: net credit received for the position, adjusted for lot size — equals max profit if the underlying expires between the short strikes
  • Max Profit: net premium received; realized if the underlying closes between the two short strikes at expiration
  • Max Loss: wing width minus net premium; realized if the underlying closes beyond either long strike at expiration
  • Upper Breakeven: short call strike + net premium — the upper price at which the position begins losing money
  • Lower Breakeven: short put strike − net premium — the lower price at which the position begins losing money
  • Reward/Risk: max profit divided by max loss
  • Yield (ann.): reward-to-risk ratio annualized by days to expiry

Volatility, Greeks, and probability columns

  • Long Put IV / Short Put IV / Short Call IV / Long Call IV: implied volatility of each individual leg
  • IV Edge: (short put IV + short call IV) − (long put IV + long call IV) — positive values confirm you are selling richer implied volatility at the body strikes than you are buying at the wings, which is the intended structural edge of the iron condor
  • IV Rank: 30-day IV rank of the underlying on a 0–100 scale; iron condors typically suit high IV rank environments where premium levels are elevated
  • Realized Volatility: 30-day historical volatility of the underlying
  • IV/RV: ratio of implied to realized volatility for the underlying
  • Volatility Risk Premium: IV minus realized volatility for the underlying
  • Delta / Theta / Gamma / Vega: composite net Greeks; a balanced iron condor carries near-zero net delta, positive theta (earns time decay each day), and negative gamma and vega (short volatility exposure that loses value when IV rises or the underlying moves sharply)
  • Prob. Max Profit: estimated probability the underlying expires between the two body strikes, computed as 1 minus the sum of the short call and short put ITM probabilities

Open interest, market data, and fundamental columns

  • Long Put OI / Short Put OI / Short Call OI / Long Call OI: open interest for each of the four legs; Min OI is the lowest across all legs and represents the binding liquidity constraint
  • Per-leg Volume: Long Put Volume, Short Put Volume, Short Call Volume, Long Call Volume — contracts traded today for each leg
  • Total Open Interest: aggregate open interest across all options on the underlying; Total OI Rank is its percentile within the 31-day range
  • Put/Call Volume, Volatility Skew, Volatility Skew Rank, Volatility Steepness: market structure metrics for the underlying
  • Sector, Market Cap, EV/EBITDA, P/E Ratio, Dividend Yield, Beta: equity fundamentals for the underlying
  • RSI, CCI, Ease of Movement: technical momentum indicators for the underlying

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