Iron Butterfly
Precision strategy with limited profit zone.
Advanced
Market Outlook
neutral
Family
multi-leg
Capital Req
medium
Risk Profile
low
Strategy Overview
Key characteristics and when to use
Structure
Short Straddle + Long Strangle
Greek Profile
Delta neutral, positive theta, negative vega
Characteristics
CreditNeutralAdvancedPrecision
Profit & Loss Formulas
Mathematical breakdown
Max Profit
Net credit received
Max Loss
Wing width - net credit received
Breakeven
Middle strike ± net credit received