Preset High Probability Short Iron Condors

This scan looks to sell Iron-condor with probability of above 70% of max profit. We look for positive expected value and more than 30% return on risk. The profit zone is at least 2ATR in each direction.

A short iron condor is a multiple leg strategy that combines a bull put credit spread (buy a put and sell a higher strike put) and a bear call credit spread (sell a call and buy a higher strike call) where all strikes are equidistant and have the same expiration. This position results in a net credit and max profit is realized if the underlying stock settles at or between the two short inside strikes at expiration. Max risk is realized if the underlying settles below the lower long put or above the upper long call. This strategy has both limited profit and limited risk potential.