Condor Options

Trading Options Spreads on Futures

CME Group published a paper last August detailing some of the spread types supported on Globex (“Options Spreads on the CME Globex Platform“).  Most of the usual suspects are supported, but one of the most important features added in recent years is the ability to create user-defined and “generic” spread types: Generic spreads can be defined with up to 40 legs and allow users to create delta neutral strategies. Generic spreads work in conjunction with the UDS: Covereds and can be…