Iron Condor


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Iron Condor

In options, a strategy in which four contracts are bought or sold at four different strike prices. In a call iron 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 iron condor, the investor sells the contracts with the highest and lowest strikes and buys the middle ones. An investor engages in an iron 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 so long as it remains in a certain (broad) range. See also: Butterfly spread.
References in periodicals archive ?
KEMPTON: GAZETTE BET: 8.00 Iron Condor. NAOMI MATTHEW: 5.50 Chevise, 6.20 Dressed In Lace, 6.50 Presume, 7.25 Something Magic, 8.00 Rumh, 8.35 Nave, 9.05 IBTAHAJ (NAP).
Iron Condor is a tentative selection in the Claydon Horse Ex-ercisers Handicap for James Eustace.
Iron Condor is a tentative selection in the Claydon Horse Exercisers Handicap for James Eustace.
Bet of the day Iron Condor (1.00 Kempton) See pointers, left Lay of the day Lombok (1.55 Plumpton) Gary Moore had a couple go close in decent races at Ascot on Saturday, so we're taking on a trainer in form and a horse who won easily over course and distance last time.
TOMORROW'S TIPS KEMPTON: 4.20 Welsh Inlet, 4.50 Sharp Shoes, 5.20 Fifth In Line, 5.50 Lady Rosamunde, 6.20 Energizing, 6.50 Buddy Miracle, 7.20 Iron Condor, 7.50 Desert Strike.
A determined Hughes hit back in style with a brilliant double under the floodlights at Kempton to leave the title on a knife edge, only for Hanagan to secure what might be a pivotal success in the final race of the night courtesy of the James Eustace-trained Iron Condor.
Just as the momentum seemed to be firmly with Hughes, Hanagan hit back through the James Eustace-trained Iron Condor. Northern-based Hanagan was clearly relieved and said: "I have just been down here living in a suitcase all week from last Saturday and it has been tough.
The James Eustace-trained Iron Condor (5.30) is just 1lb higher in the ratings than when successful at Kempton, where patient tactics paid off.
Shadow Crawler, with energy disc shooter, laser rifle and missiles is an agile, crawling battle machine, with secret pod, and Iron Condor has massive bat-like wings, flying at supersonic speeds.
NAOMI MATTHEW: 2.10 Subtle Knife, 2.40 Judy In Disguise, 3.10 Seeking Magic (nap), 3.40 Sulis Minerva (nb), 4.10 Iron Condor, 4.40 Imtithal, 5.10 Flag Of Glory.
TODAY'S POINTERS Iron Condor 1.00 Kempton There are a couple of fair ex-Flat sorts in action in this novice hurdle and though James Eustace's four-year-old wouldn't be the best of them he's arguably got easily the best hurdles form based on his last-time-out fourth to Court In Session at Cheltenham.
TODAY'S SARABAND SELECTIONS KEMPTON: 4.20 Welsh Inlet, 4.50 Sharp Shoes, 5.20 Fifth In Line, 5.50 Lady Rosamunde, 6.20 Energizing, 6.50 Buddy Miracle, 7.20 Iron Condor, 7.50 Desert Strike.