Condor Spread
Similar to a butterfly spread, a condor is an options strategy that also has a bear and a bull spread, except that the strike prices on the short call and short put are different.
Investopedia Commentary
The purpose of this option strategy is to earn limited profits, regardless of market movements, with a small amount of risk.
Related Links
Options Basics Tutorial
See also: Bear Spread, Bull Spread, Butterfly Spread, Short