The Option Alpha Podcast

211: Iron Butterfly Strategy - 8 Tips Before Your Next Trade

Feb 7, 2022

01:01:52

Highlights

AI Chapters

Episode notes

Iron Butterflies When Implied Volatility Is Low

03:38

Six Things to Know About Your Iron Condors

05:02

How to Adjust Your Iron Butterfly Position

04:44

Introduction

3min

What Is an Iron Butterfly Strategy?

4min

The Iron Butterfly Pay Off Diagram

6min

Using Iron Butterflies as a Strategy

5min

Iron Butterflies When Implied Volatility Is Low

4min

Trading Iron Butterfly Strategies - Exiting Iron Butterfly Trading Strategies

4min

How to Close an Iron Butterfly Position

2min

Adjusting Iron Butterfly - The Absolute Key

2min

How to Adjust Your Iron Butterfly Position

3min

10.

How to Adjust Your Iron Butterfly Position

5min

11.

Eight Tips for Trading Iron Butterflies

3min

12.

How to Trade Iron Condors in a Wider Range

3min

13.

Six Things to Know About Your Iron Condors

5min

14.

Six Tips for Automated Inversions and Adjustments

4min

15.

Trade Iron Butterfly 30 Days for Piration or 60 Days From Expiration?

5min

16.

Trading With Automated Tools

3min

17.

Option Alfa Podcast - What's Up With This Week?

3min

Show Notes: https://optionalpha.com/show211

The iron butterfly strategy is a popular neutral options strategy. Plus, with their high probability and risk-defined characteristics, traders of any experience level can use in their portfolios. On this week's show we'll invest some time together and help you understand as many of the "ins and outs" of trading iron butterflies as we can possibly fit into an episode. We hope this becomes your new "go-to" resource for learning how to trade iron butterflies and helps answer important questions around entering and managing them in your automated portfolio.