The iron condor is good strategy which allows users to make money if the underlying stock is fluctuating within a range. There is also risk management if the stock goes wildly to the out of the range through the bought puts and calls.
However, the additional insurance through buying put and calls eats into profits, so earning can be lower. There is also the possibility to the underlying stock price ending up in between the bought and sold options. Hence, exercise may happen, though this probability is slim.
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