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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.