Ryan & Beef

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Should We Trade A Straddle Or An Iron Fly?

Ryan & Beef

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

Many times we gravitate towards trading the Iron Fly, simply because it has defined risk and typically has a better return on capital compared to the straddle.

While the Iron Fly is a popular strategy, it's important to consider the stirke selection of the wings and our approach to trade management before deciding which strategy is appropriate for the given market conditions. Even though the iron fly has an attractive risk/reward, it doesn't necessarily mean we should use it in place of a straddle.

On today's show, Ryan and Beef explore this further and explain their approach to deciding whether or not to use an iron fly compared to a straddle.

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