This Element is a very brief excerpt from the introduction of Profiting with Condor Strategies from the Frontline for Trading in Up or Down Markets (9780137085514) by Michael Hanania Benklifa. There are no specific trading strategies discussed.
A condor is a complex options trade that creates a “zone” in which a profit occurs over time and within a specific price range. Correctly picking the direction of price movement is not necessary. Understanding the dynamics involved in the trade is the key to long-term success and limited risk....