iron condor

noun

A combination of four options, including both calls and puts, that yields the same payoff as a condor.

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Meanings

nouniron condor (plural iron condors)

plural iron condors

  1. businessA combination of four options, including both calls and puts, that yields the same payoff as a condor.
Cite this entry
APA

iron condor. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/iron%20condor

MLA

“iron condor.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/iron%20condor. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “iron condor,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/iron%20condor.

Source: iron condor on Wiktionary, CC BY-SA 4.0.