### Comment:
I know but this is what a famous website says (and hence my confusion): 
  
 “We approach iron condors with similar entry tactics. We shoot for collecting 1/3rd the width of the strikes in premium upon trade entry. For example, if we have an iron condor with three point wide spreads, we will look to collect $1.00 for the trade. This gives us a probability of success around 67%, which is acceptable to us.”

### REPLY:
At the outset, your POP based on 16∆ strikes makes it 68%. When you add in the credit to your breakeven, it surpasses 70%. When you close the trade for 50% max profit, it's 87%.

### END.