Long Put Condor

Leg	Trade	Option	Lots	Strike
L1	BUY	PUT	1	`ATM - 6`
L2	SELL	PUT	1	`ATM - 2`
L3	SELL	PUT	1	`ATM + 2`
L4	BUY	PUT	1	`ATM + 6`

Name	Long Put Condor
Type	Four-Leg Debit
Description	Buy a put condor to profit from the underlying expiring within a defined lower price range.
Outlook	Neutral to mildly bearish with controlled volatility
Max Profit	Limited; occurs if price expires between inner strikes
Max Loss	Limited to the net premium paid