Long Iron Condor
Definition
A debit spread version of the iron condor using wider outer spreads to profit from large price moves outside the wings. It is a net debit strategy that profits from a significant directional move or volatility expansion.
Example
Long iron condors are used when expecting a breakout beyond the expected range.
Related Terms
Frequently Asked Question
What is a Long Iron Condor?
A Long Iron Condor is a debit spread strategy that profits when the underlying moves significantly outside the defined range. It is the opposite of a short iron condor, designed for breakout or high-volatility scenarios.
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.