Condor Spread


DEFINITION of '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.

BREAKING DOWN 'Condor Spread'

The purpose of this option strategy is to earn limited profits, regardless of market movements, with a small amount of risk.

  1. Modidor

    An options strategy that consists of buying and selling out-of-the-money ...
  2. Short (or Short Position)

    A short position is the sale of a borrowed security, commodity ...
  3. Bear Spread

    1. An option strategy seeking maximum profit when the price of ...
  4. Iron Condor

    An advanced options strategy that involves buying and holding ...
  5. Bull Spread

    An option strategy in which maximum profit is attained if the ...
  6. Butterfly Spread

    A neutral option strategy combining bull and bear spreads. Butterfly ...
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