Condor spread - An options strategy involving four strike prices that has both limited risk and limited profit potential. A long call condor spread is established by buying one call at the lowest strike, writing one call at the second strike, writing another call at the third strike, and buying one call at the fourth (highest) strike. Also referred to as a "flat-top butterfly".
Condor spread : an options strategy involving four strike prices that has both limited risk and limited profit potential. a long call condor spread is established by buying one call at the lowest strike, writing one call at the second strike, writing another call at the third strike, and buying one call at the fourth (highest) strike. also referred to as a "flat-top butterfly".
Condor spread