Fellow traders call him “Captain Condor,” and he and his mates are making waves in the options market.   

The captain, or the “Iron Condor Whale” as he’s known to others, first cruised into the imaginations of individual investors last year, when some had noticed the multimillion-dollar bets placed on options tied to the S&P 500 index. Soon, those market-moving trades began to attract nicknames and a cadre of fellow options traders determined to reveal the captain’s identity.