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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During WWII, the Condor filled the Luftwaffe's need for a long-range aircraft that could intercept and take out the surface shipping traffic that was proving so vital to the Allied war effort and sustaining Great Britain as it defended itself against Germany's terrible aerial assaults while preparing for the water-borne invasion its leaders knew Hitler was planning.
Caption: Below left: California condors; below right: Flowers along the Condor Trail near Big Sur
While significant progress in reestablishing wild condor populations has been made since 1992, when the reintroduction of captive-bred condors to the wild began, conservation challenges--" most notably lead poisoning--" remain.
The only time he takes aim is when the condors knife through the sky and he snaps their picture.
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.
Of 17 wild condors treated at the zoo this year, nine were treated for dangerous levels of the heavy metal, zoo officials said.
Can condors hatched and raised in captivity, and released into a now foreign and non-sustaining wilderness, really soar as their ancestors did?
The Condor Haven is part of a project involving conservationists in Ecuador and Wales.
A cliff-dwelling California condor chick in Ventura County, Calif.