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6/24/ · The iron butterfly strategy is a member of a group of option strategies known as “wingspreads” because each strategy is named after a flying creature like a butterfly or condor. Adjusting a butterfly’s a little tricky for some people, they believe it’s a bit tricky, and they’re more comfortable with Iron Condors. Let me show you how this works with an iron Condor. Typically, when you set up an iron Condor, it’s going to be very similar. Let’s say we sell an Iron Condor. The Butterfly will typically have a worse Decay Rate Ratio™ than the Iron Condor, but it will have more positive Vomma which makes it slightly safer if there is a crash of your underlying asset. However, please note that neither of these option strategies is safe.

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Let me show you how this works with an iron Condor

1/16/ · A condor spread is a non-directional options strategy that limits both gains and losses while seeking to profit from either low or high volatility. There are two types of condor spreads. Adjusting a butterfly’s a little tricky for some people, they believe it’s a bit tricky, and they’re more comfortable with Iron Condors. Let me show you how this works with an iron Condor. Typically, when you set up an iron Condor, it’s going to be very similar. Let’s say we sell an Iron Condor. Butterfly and Condor Options Both butterflies and condors are multi-leg options strategies with limited risk and limited reward. OIC instructor Joe Burgoyne will take you through this one-hour session on these options strategies, including how they’re created and their profit-and-loss potentials.

The Options Industry Council (OIC) - butterfly-and-condor-options
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Iron Condor and Butterfly Spread Thoughts

6/24/ · The iron butterfly strategy is a member of a group of option strategies known as “wingspreads” because each strategy is named after a flying creature like a butterfly or condor. When the underlying is near to the middle strikes (meat), the long butterfly and condor positions are: 1. Delta neutral (or close to) 2. Short Gamma 3. Collecting Theta 4. Short Vega. Note: The butterfly is unique because it is the (one of the few) option strategies where you are long it, while collecting theta. Condors. The condor option strategy is so-called because it is considered to have wider wings that results from using options with 4 consecutive strikes instead of the 3 used in a butterfly. The condor has wider breakeven points and can remain profitable over a longer range of the underlying stock price.

What is an Iron Butterfly Option Strategy?
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BECOME A MORE PROFITABLE TRADER WITH THE RIGHT EDUCATION

Adjusting a butterfly’s a little tricky for some people, they believe it’s a bit tricky, and they’re more comfortable with Iron Condors. Let me show you how this works with an iron Condor. Typically, when you set up an iron Condor, it’s going to be very similar. Let’s say we sell an Iron Condor. The Butterfly will typically have a worse Decay Rate Ratio™ than the Iron Condor, but it will have more positive Vomma which makes it slightly safer if there is a crash of your underlying asset. However, please note that neither of these option strategies is safe. Butterfly and Condor Options Both butterflies and condors are multi-leg options strategies with limited risk and limited reward. OIC instructor Joe Burgoyne will take you through this one-hour session on these options strategies, including how they’re created and their profit-and-loss potentials.

Condor Spread Definition
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Butterflies

1/16/ · A condor spread is a non-directional options strategy that limits both gains and losses while seeking to profit from either low or high volatility. There are two types of condor spreads. Condors. The condor option strategy is so-called because it is considered to have wider wings that results from using options with 4 consecutive strikes instead of the 3 used in a butterfly. The condor has wider breakeven points and can remain profitable over a longer range of the underlying stock price. Adjusting a butterfly’s a little tricky for some people, they believe it’s a bit tricky, and they’re more comfortable with Iron Condors. Let me show you how this works with an iron Condor. Typically, when you set up an iron Condor, it’s going to be very similar. Let’s say we sell an Iron Condor.