In this episode, Brian is joined by Dan Sheridan from Sheridan Options Mentoring. They continue the discussion of Iron Butterflies, which began last week. If you have a hardcover version of the book, this is on page 106.
They discuss:
- What is the difference between an iron condor versus an iron butterfly?
- Why are iron butterflies popular?
- Receiving a credit versus paying a debit.
- What about risk?
- Advantages of iron butterflies
- Are iron butterflies better than other strategies?
- What underlyings do people like to do iron butterflies on?
- What about taxes and commissions?
