The iron condor is a four-legged options strategy intended to capitalize on a period of muted, low-volatility price action in the underlying security. This play is essentially the combination of a ...

Scott Olson / Getty Images You may have heard about iron condors, a popular option strategy used by professional money managers and individual investors. Let's begin by discussing what an iron ...

Investopedia / Matthew Collins A more sophisticated options strategy, the iron condor is a risk-defined way to profit from low volatility by selling an out-of-the-money (OTM) put spread and an OTM ...

A short iron condor consists of four options in the form of two short vertical spreads: a short out-of-the-money (OTM) call spread, and a short OTM put spread. Short iron condors may yield a profit ...