211: Iron Butterfly Strategy - 8 Tips Before Your Next Trade
The Option Alpha Podcast
00:00
How to Adjust Your Iron Butterfly Position
So let's say it's now closer near expiration, and you want to start adjusting your iron butterfly position. So what you would do in this case is you would decide to go inverted on your iron Butterfly position by rolling up your short put strike. The net difference between buying back our 50 strike put and selling the closer 55 strike put, is thatwe to likely generate a net credit.
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