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Futures & Options Trading => Guides & Tutorials => Topic started by: Michael Gonsalves on Sep 15, 2021, 10:08 PM

Title: How to manage the Iron Fly Options strategy
Post by: Michael Gonsalves on Sep 15, 2021, 10:08 PM
Raghunath Reddy, the founder of Opstra and an expert on options, has provided an excellent guide on how to manage the Iron Fly.

The essence of his advice is that when the Delta breaches 25, profit should be booked on the untested leg and it should be moved closer to the ATM.