Condor
Definition
A neutral options strategy using four strikes with limited risk and limited profit, profiting from low volatility and price staying within a range.
Example
A condor is ideal for range-bound markets with defined risk.
Related Terms
Frequently Asked Question
What is a Condor options strategy?
A Condor is a neutral options strategy using four different strikes at regular intervals. It profits when the underlying stays within a range, with both maximum profit and maximum loss defined upfront.
APA Citation
Last updated:
· Source: VixShield Trading Glossary — From SPX Mastery by Russell Clark
⚠️ Not financial advice. This definition is educational content from the SPX Mastery book series by Russell Clark (VixShield). Past performance is not indicative of future results. Trading options involves substantial risk of loss and is not appropriate for all investors. Always paper trade before risking real capital.