Condor option strategy & booked Profit.
Condor option strategy applied buy two strike price and sell two strike price.
in condor option strategy four strike price is used .
in this option strategy if market in strike price range than it will get profit.
if market go outside the range then loss occurs.
if all strike price will be out of money than loss and also if all strike price will be in the money than also loss.
only market in range gives profit.