Condor


Also found in: Dictionary, Thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia.
Related to Condor: Iron condor

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 ?
An entire chapter is devoted to Carl Koford, the "patron saint of condor field research," who observed condors in the wild between 1939 and 1946, interrupting that work only to serve as a navy airborne scout during World War II.
Andean condor Gus plays in the pool at the Welsh Mountain Zoo after completion of the pounds 100,000 condor house Picture: stacey Roberts
Assuming that condor romance blossoms, each egg will be incubated by its parents or in an incubator for about two months, producing a spectacularly ugly chick that can fly in about four months and will reach sexual maturity in five to seven years.
Condor plans on conducting further market research studies on these concentrates to assess their economic contribution to the project's profitability.
Condor is not obligated to conduct a 5,000m drilling programme and assumes responsibility to clean up the surface rights.
Moreover, Condor is in preparation to start the Phase -II drilling venture at its Carachapampa-based flagship gold and silver epithermal project subsequent to the fruitful accomplishment of the Phase I.
Vince Gerwe, a long-time condor volunteer, spends many of his weekends hiking to remote condor nest sites, where he monitors nest activity using a spotting scope while perched on a neighboring hillside.
The Condor Creek Conservation Facility will eventually house 16 pairs of condors that may produce up to 32 young a year.
Avian fossils excavated include California condors and representatives of other large extinct species such as the western black vulture (Coragyps occidentalis) and the teratorn (Teratornis merriami).
But, looking over two decades of captive breeding, only a handful of animals owe their survival to captive breeding--red wolves, Jamaican hutias, Micronesian kingfishers, Guam rails, black-footed ferrets, Pare David's deer, Arabian oryx, golden lion tamarins, California condors and a few others.
The last time a California condor was seen soaring above the Grand Canyon, Calvin Coolidge occupied the White House and Paris was hosting the eighth summer Olympic Games.