options volatility

[stepandfetchit]

Iron Condor

 

[Philo Judeaus]

Iron Condor

I don't think so. Two different positions.

 

[VolSkewTrader]

I don't think so. Two different positions.

Add 2 long butterflies next to each other = Long 1 Iron Condor

 

[Philo Judeaus]

View attachment 206680

Add 2 long butterflies next to each other = Long 1 Iron Condor

For some reason I wasn't thinking exactly next to each other, I was thinking of two flies positioned at the tail end of the expected move for a pin-risk play.

 

[VolSkewTrader]

I probably should have said 'overlapping' in addition to 'adjacent'.