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Glossary of Option Terms: Iron Condor

Iron Condor

Definition: Very similar to an Iron Butterfly, but the two options in the center of the pattern do not have the same strike price.  Constructed by holding a long and short position in two different strangle strategies.

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One Response to “Glossary of Option Terms: Iron Condor”

  1. SmartOptions » Blog Archive » Condor Spread on June 13th, 2008 10:40 am

    [...] Iron Condor [...]