Iron Condor

[anna1703]

what is an iron condor? There are two ways of looking at it. The first is as a pair of strangles, one short and one long, at outer strikes. The other way of looking at it is as two credit spreads: a call credit spread above the market and a put credit spread below the market. It is these two "wings" that give the iron condor its name. These can be placed quite far from where the market is now, but the strict definition involves consecutive strike prices.

Read more: Options Trading With The Iron Condor https://www.investopedia.com/articles/optioninvestor/06/ironcondor.asp#ixzz5UfJJvhM6

[anna1703]

An iron condor is an option strategy that involves four different contracts. Some of the key features of the strategy include: An iron condor spread is constructed by selling one call spread and one put spread (same expiration day) on the same underlying instrument.

https://www.investopedia.com/articles/trading/08/flock-to-iron-condors.asp

for further and more details

[Canady]

What is this?