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Futures For You | FEB 2009
Futures For You by Carley Garner
Futures For You by Carley Garner BUTTERFLY VS. CONDOR What is the difference between an iron butterfly and a condor? Before examining the discrepancies between these strategies along with their advantages and disadvantages, let me note that option terminology differs depending on where you are. The two US financial hubs, New York and Chicago, have their own language when it comes to option strategies. A broker on the CME floor may have a slightly different view on what exactly a condor is relative to someone standing in a NYMEX option trading pit. That said, you should be familiar with the details of the strategies as well as the name. Knowledge could avoid costly communication errors between yourself and your broker.
by Carley Garner
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