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vega. To make a donation or view additional materials from hundreds of MIT courses, visit MIT OpenCourseWare at ocw. Please refer to the chart titled Average Range. Any option trader has the ability to execute this iron condor strategy by buying AUG 40 put for 55, writing an AUG 45 put for 110, writing another AUG 50 call for 100 and buying another AUG call for 50, the net credit earned when entering the trade is 100.

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