Above is a normal iron condor. With the SPY around 171, the short strikes are the same distance away and both spreads are the same width.
Above is a bearish directional iron condor. Both spreads are the same width, but the put spread is 3 points away while the call spread is only 1 point away. With a bearish bias we can move the calls closer, increasing the risk to the upside and increasing the credit taken in.
Above is a bearish skewed iron condor. While both spreads are the same distance away the call spread is wider than the put side. This places more risk to the upside giving us a bearish bias, however, the reduced downside risk means a reduced credit.
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