thetaOwl

Iron Condor Screener

Find the best iron condor opportunities for a neutral market outlook

Data as of market close May 20, 2026

%
Results: 6
Avg Credit: $0.45
Avg PoP: 61.6%
Avg Range Width: 17.7%
Avg DTE: 29
As of: May 20, 2026
SymbolPut SpreadCall SpreadExpDTEOICreditMax LossRangePoPIV RankEarnings
$301.98
S 285P / B 275PS 325C / B 330C2026-06-263675 / 128$1.10$8.90
62%
0.5
2026-07-14
$23.53
S 22.5P / B 20PS 25C / B 27.5C2026-06-18288,908 / 13,020$0.41$2.09
63%
5.3
2026-07-29
$5.62
S 5P / B 2PS 6C / B 9C2026-06-182826,841 / 22,731$0.31$2.69
63%
17
2026-08-04
$23.27
S 20P / B 15PS 25C / B 30C2026-06-182899 / 484$0.30$4.70
61%
25.2
2026-08-04
$8.24
S 7.5P / B 5PS 10C / B 15C2026-06-1828761 / 424$0.30$4.70
62%
8.8
2026-07-30
$39.19
S 35P / B 30PS 40C / B 45C2026-06-1828225 / 402$0.25$4.75
60%
22.1
2026-07-30
How to Use Iron Condors
Use iron condors to find neutral defined-risk setups where range width and credit line up with the expected move.
What it optimizes for

Iron condor results optimize for neutral range structures with defined risk, net credit, and a payoff zone that can contain the expected move.

How traders review it

Check credit, breakeven, and width together, then confirm the short strike sits where you want relative to spot, expected move, and liquidity.

What can mislead you

A wide-looking profitable range can still be a bad trade if the fill is poor, the catalyst calendar is messy, or the short strikes hug the expected move too tightly.

Defined risk helps, but fill quality and strike placement still determine whether the trade behaves the way the screener implies.