Strategy
Condor
Four-strike neutral strategy
What is Condor?
Condor A four-leg neutral strategy using four different strikes. Similar to butterfly but with a wider profit zone and lower max profit. Iron condor uses both puts and calls.
Complete Definition
A four-leg neutral strategy using four different strikes. Similar to butterfly but with a wider profit zone and lower max profit. Iron condor uses both puts and calls.
Related Terms
Want to Learn More?
Explore our educational resources and analytics tools to deepen your understanding.