What is iron condor in option trading?

Definition: Iron Condor is a non-directional option strategy, whereby an option trader combines a Bull Put spread and Bear Call spread to generate profit. In this strategy, there is a high probability of limited gain. An option trader resorts to this strategy if he believes that the market is going to be rangebound.

An iron condor is an options strategy consisting of two puts (one long and one short) and two calls (one long and one short), and four strike"Condor Spread · Butterfly Spread · Christmas Tree Options...

14.2 – Iron Condor. The iron condor is a four-legged option setup. The iron condor is an improvisation over the short strangle. Since both the options are written/

The Iron Condor Trader's Mindset Mark Wolfinger is an expert on options trading. He was an options market maker at the Chicago Board of Exchange (CBOE) for

As you can see, the iron condor strategy involves the use of four legs of trading. This four-part strategy includes a bear put spread and a bull call

An iron condor involves buying and selling calls and puts with different strike prices when a trader expects low volatility. Butterfly spread is an