Condor

(redirected from Andean condor)
Also found in: Dictionary, Thesaurus, Encyclopedia, Wikipedia.
Related to Andean condor: albatross

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.
Mentioned in ?
References in periodicals archive ?
Serial packed cell volume (PCV) and total solids (TS) by day in a captive Andean condor with brodifacoum rodenticide toxicosis.
Working with Sergio Lambertucci from the National University of Comahue, she will be fitting Andean condors with custom-made data loggers in order to map their flight paths.
The Andean condor (Vultur gryphus) is the largest of all flying birds, and weighs up to 24-53 lb (11-12 kg).
The Incas believed that Andean condors flew the sun into the sky every morning and served as messengers to the gods.
Natural history experts want a stuffed Andean Condor bird, in Newcastle's Hancock Museum, to have its own plaque.
Along with a number of other animal species, the huillin, an endangered river otter (Lutra provocax), will be adversely affected, as will the heraldic huemul, the endangered endemic deer species (Hippocamelus bisulcus) of the Southern Andes, which accompanies the Andean condor on the Chilean national shield.
Since 2017, the BCRP has coined coins of the following species: Andean bear or spectacled bear, Tumbes crocodile, Andean condor, Andean tapir, White-winged guillemot and jaguar.
We watched the flight of the eagles - a stunning display from birds of prey including sea eagles, a vulture and Rosie the Andean condor soar above the castle ramparts.
"We're going to the rainforest for two weeks in May to spend time with tribes and different cultures, and to look for bugs, endangered animals and birds like the Andean Condor which is really at risk.
But although their 2008 list features such exotic delights as the Andean condor and the Choco toucan, it doesn't include the robin or blackbird.
Four Andean condors recently returned to South America as part of a successful international collaborative program that reintroduces the endangered Andean condor to its native home range in Colombia.
The home of the Andean condor and the pudu (the world's smallest deer) is now safe from the timber companies that had hoped to log the alerce.