Width The distance in strike prices between the legs of a spread, or the distance between the two middle strikes in a condor or iron condor. Measured as a multiple of the strike interval for that particular option. For example, for a width of 2 for vertical spreads on an option with a strike interval of 5 (e.g. strikes at 50, 55, 60, and so on), the width represents distances of 10 (2x5): 45/55, 50/60, 55/65, and so on.
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