Glossary · Trading basics · W
Wings in plain English.
The two long options of an iron condor. They cost part of the credit and cap the loss at the wing width minus the credit.
Track
Trading basics
29 terms in this track
Taught in
Iron condors and strangles: trading a range
In the index
129 of 129
Filed under W
Connections
8
Related terms mapped below
01
The idea, in context
How to read the picture above and where the Academy teaches it.
Reading the illustration
Defined risk: the loss has a floor (rose) and the credit a ceiling (gold) — both known before you enter.
In French: Ailes
Where it’s taught
Trading basics
Iron condors and strangles: trading a range
“Iron condors and strangles: trading a range” introduces this term with worked examples, a quiz and the trades around it. The Academy is part of the YieldCove membership.
02
Connected terms
8 terms around this one — the words its definition uses, its lesson siblings and the terms that build on it.
- Used in this definition
- Same lesson
- Builds on this term
- Same track
03
Where to go next
Understand it, try it with real numbers, then track it for free.
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