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Condor

An options strategy similar to a Butterfly spread. The only difference is that in a Condor, the two middle options have different strike prices within the Range established by the other two Option. This strategy is often undertaken when an increase in Volatility is expected, since it allows for positive payoffs over a relatively large Range of underlying prices.

Related Terms: 10 Butterfly spread, Condor, Inc., Low, Lows, Option, Range, Rent, Spread, Volatility
Other Related Pages: Category: Trading Starting With: C
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