🦋 Options Strategy Spotlight: Long Iron Butterfly
Use it when you expect low volatility and price to hover near a strike.
Structure (same expiry):
🔹 Buy 1 Put A
🔹 Sell 1 Put B
🔹 Sell 1 Call B
🔹 Buy 1 Call C
Also called a straddle-strangle swap.
Credit at entry, max gain if price = B.
Try it risk-free on our Testnet: https://t.co/ayKXBNo6ae