Talk:Iron condor

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Long and short confusion

You have the Long and short positions backwards. A Short Iron Condor consists of a short call verticle and short put verticle, with the expectation that both spreads will "contract" and hopefully expire worthless. A Long Iron Condor would be the opposite, with the expectation that one of the spreads will "expand" to maximum value. 38.106.148.42 (talk) 21:31, 10 September 2008 (UTC)[reply]

I find that there are inconsistent uses of "long" or "short" iron condors throughout the industry. My broker refers to them as they are described here, whereas others (Think Or Swim, I think) uses the opposite. Can you track down a solid, authoritative reference? Mkoistinen (talk) 14:47, 20 October 2008 (UTC)[reply]

Update: Actually, Think or Swim also use the same designation as is listed here in this article. See here: http://www.redoption.com/glossary.php?word=193 Mkoistinen (talk) 14:55, 20 October 2008 (UTC)[reply]

Interactive Brokers seem to avoid the whole issue by referring to "Buy" and "Sell" rather than "long" or "short". I think that many people go with the addage that if you're receiving a net credit on open, you're short, if you're paying a net debit on open, you're long. Mkoistinen (talk) 08:13, 23 October 2008 (UTC)[reply]

They are definitely backwards. Why has this not been corrected yet? When you sell an iron condor, you receive a net credit. This page says going long/buying will give you a net credit. That makes no sense at all. And to the "Update" above. Think or Swim does it correctly, opposite of what is on here. — Preceding unsigned comment added by 72.193.179.66 (talk) 01:51, 10 February 2014 (UTC)[reply]

What a Waste of My Friday Night

I came here to read this article and realized that none of this makes any sense. 74.15.62.35 (talk) 01:51, 24 March 2012 (UTC)[reply]

Complete misinformation - long and shorts are backwards. iron are made up of calls AND puts. This is horrible!!! — Preceding unsigned comment added by Pcxtrader (talk • contribs) 23:03, 26 July 2012 (UTC)[reply]