Hello Friends. My name is Michael Gonsalves. I have enjoyed reasonable success with Options strategies. I made Rs. 2.5 Cr in FY 2019-20 and Rs. 1.65 Cr till date in FY 2020-21 (see proof). I am eager to learn more and also to impart my learnings to others. If you have any queries, please ask. I will answer soon.

How to manage the Iron Fly Options strategy

Started by Michael Gonsalves, Sep 16, 2021, 03:38 AM

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Michael Gonsalves

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.