Condor Spread
Similar to a butterfly spread, a condor is an options strategy that also has a bear and a bull spread, except that the strike prices on the short call and short put are different. Investopedia Says:
The purpose of this option strategy is to earn limited profits, regardless of market movements, with a small amount of risk. Related Terms:
Bear Spread
Bull Spread
Butterfly Spread
Debit Spread
Iron Condor
Short |