Condor

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Condor

Applies to derivative products. Option strategy consisting of both puts and calls at different strike prices to capitalize on a narrow range of volatility. The payoff diagram takes the shape of a bird.

Condor

In options, a strategy in which four contracts are bought or sold at four different strike prices. In a call condor, the investor buys the calls with the highest and lowest strike prices and sells the calls with the middle strike prices. In a put condor, the investor sells the contracts with the highest and lowest strikes and buys the middle ones. An investor engages in a condor strategy if he/she expects a great deal of volatility on the underlying asset; it allows him/her to make a profit regardless of the price of the underlying as long as it remains in a certain (broad) range. See also: Butterfly spread.
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GRIFFITH PARK -- Los Angeles Zoo keepers Mike Clark and Debbie Ciani closely monitor dozens of endangered California condors.
After the first captive condors were successfully bred in 1988, the Service began the challenge of releasing young and inexperienced chicks back into the wild.
Condors are obligate scavengers, and their early decline corresponded with the loss of the Pleistocene megafauna some 10 000 years ago.
That's why the next stop is Arizona, where NPCA and Defenders of Wildlife are hoping to push for similar legislation to protect California condors reestablishing territory in the Grand Canyon.
Legislation passed in California in 1905 made it illegal to kill condors or collect their eggs.
Each region will have 150 condors with at least 15 breeding pairs and another 150 birds in captive breeding facilities.
Such a grim future, with its coalescing cities and suburbs, will have far too little room for people and no room at all for condors," wrote Brower.
The Condor Haven is part of a project involving conservationists in Ecuador and Wales.
At first glance, why anyone would want to save California condors is not entirely clear.
Meanwhile, Joe Burnett, the zoo's new assistant curator for condors, is living at a farmhouse next to the breeding facility to help keep a round-the-clock eye on the birds.
The Condor Recovery Team of the USFWS asked for Edison's help when the Condors were being returned to their habitats," said Dan Pearson, of Edison's environmental affairs department.
Twenty-five years ago the world's population of California condors was only 23 birds," said Steve Thompson, Regional Director of the U.