1. The only reason it is called an Iron Condor (IC) instead of just Condor is because it consists of both calls and puts. In a traditional Condor, all 4 legs are made up or either calls or puts. 2 legs on the inside and 2 others on the outside are all from the same [...]
This type of Iron Condor doesn’t actually open as a Condor spread but rather legged in as one.
An options iron condor spread is actually not a unique strategy in and of itself. It works like a butterfly spread but has 2 short legs separate in 2 different option strikes. For example, if one would trade a butterfly on EBAY $21, it could be constructed as follow: Buy 1 EBAY Jun10 19 Call [...]
Wednesday, February 22, 11:21 pm
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