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Mike And His Whiteboard

Trading Strategy | Iron Fly

Mike And His Whiteboard

Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.

An iron fly is a defined risk straddle, and allowable in an IRA account.

This strategy can also be thought of as an iron condor where the short options are on the same strike, or a defined risk big lizard. The point here is that all option strategies are just a combination of a few options, and a lot of them are very similar in terms of genetic makeup.

Mike walks through how to calculate profit points for an iron fly, and explains the differences and similarities this strategy has to the undefined risk version, the straddle.

Tune in for a great discussion!

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