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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Probably never very numerous, the California condor appeared destined for extinction.
A California condor is one of 12 that has been brought to the Oregon Zoo's Condor Creek Conservation Facility.
Abstract: Since 1996, The Peregrine Fund has released California condors (Gymnogyps californianus) in the Grand Canyon region of northern Arizona with the goal of establishing a self-sustaining population, disjunct from other released populations in California and Baja California.
CONTACT: California Condor Recovery Program, (805)644-5185, www.
The California Condor Recovery Program Plan (1996) calls for two geographically separate wild, self-sustaining populations each having 150 individuals, 15 breeding pairs and a positive rate of growth as well as a third population with 150 individuals in captivity in order to qualify for reclassification from endangered to threatened.
Conservation biologists are crowing about the hatching of two highly endangered California condor chicks--one from the wild and another in the wild.
The California condor (Gymnogyps californianus) once soared over much of the North American continent.
Accompanying text documents the survival struggles of such familiar species as the California Condor, and the almost unheralded demise of those now gone, such as eastern North America's only parrot, the Carolina Parakeet.
Since its inception in the 1970s, the California Condor Recovery Program has faced repeated challenges, controversies, and setbacks, but it remains focused on one goal: reestablishing healthy, self-sustaining populations of California condors (Gymnogyps californianus) in the wild.

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