11/24/2023 0 Comments Condor creditThe width of the body can be different, although in our example it is 55 – 50 = also 5. This makes the position non-directional with equal risk on both sides (a variation with uneven wing width and directional bias is called broken wing iron condor). In other words, the distances between the two put strikes (55 – 45 = 5 in our example) and the two call strikes (60 – 55 = 5) should match. When entering an iron condor trade, make sure both wings have the same width. The middle two short options are sometimes called the body of the condor, while the long outer strikes are called wings.
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