Report #28 Difference between CONDORS and IRON CONDORS

Some profit numbers for SPREADS (Report #28)

1 Condor Spread - 2 Iron Condor Spread - 3 Butterfly Spread - 4)Iron Butterfly Spread

Debit/Credit: 1 Debit - 2 Credit - 3 Debit - 4 Credit
Max Profit: - Low - High - Higher - Highest
Max Loss: - Highest - Higher - High - Low
Cost of Position: - High - NIL - Low - NIL
Profitable Range: - Wide - Widest - Narrow - Wider
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I have learned the difference between the CONDOR SPREAD and the IRON CONDOR. Something I did not know? The CONDOR spread is either the upper and lower channels only in CALLS, or in PUTS. Whereas the IRON CONDOR SPREAD is the playing of; out-the-money, on the bottom of a channel, as in PUTS for a BULL move, or as in CALLS out-the-money, in a BEAR move at the top of a channel. In other words the VERTICAL BULL PUT Spread is on the bottom of the channel and the VERTICAL BEAR CALL SPREAD is on the top of the channel. Since so far, I always leg in, I hadn't made that realization. Yet I see in THINKORSWIM, they list the CONDOR a debit Spread channel, as different, to the IRON CONDOR a credit spread channel.
I had not realized this difference. In fact, I had not even considered the CONDOR as something separate, much less a DEBIT SPREAD TYPE CHANNEL.
So an amateur learns! Guess what I want are IRON CONDORS which are credit spreads and will remember that in future.
Perhaps in the not too distant future I will study the IRON BUTTERFLY? Sounds interesting? It does sound like the IRON CONDOR and the IRON BUTTERFLY seem the best spread strategies? These are credit strategies.