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The Till
The Till
Shopping for Condors
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Shopping for Condors

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Mark Phillips
Dec 03, 2024
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The Till
The Till
Shopping for Condors
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A surreal image of a trader wearing a traditional floor exchange pit jacket, standing in a whimsical store lined with rows of live condors perched on branches. Each condor looks slightly different, and below them are spec sheets listing financial details, resembling options trading contracts. The trader is holding a clipboard and carefully reviewing one of the spec sheets. The store has a backdrop of exchange floor tickers and financial market screens displaying stock prices and charts, adding a dynamic market-themed ambiance. The condors appear curious yet dignified, each one unique in feather patterns and posture. The overall scene has a blend of humor and sophistication.

Strike listings are a significant driver of liquidity and thus trading opportunities. But they can also be a headache.

Options strategies move from theory to practice with the specific strikes and expirations that are listed at any given time. For most of the commonly traded names, this is not a problem. I’ll complain about the $2.50 gaps we see in AAPL,…

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