OC, California, USA
Quantoholic
Experience: Advanced
Platform: IB/TWS, NinjaTrader, ToS
Broker: IB, ToS, Kinetick
Trading: stocks, options, futures, VIX
Posts: 1,976 since Jun 2009
Thanks Given: 533
Thanks Received: 3,709
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Iron Butterflys
Iron [AUTOLINK]Butterfly[/AUTOLINK] Explained | Online Option Trading Guide
You can make money during the trade if the underlying stays flat for a while, you don't have to wait until expiration. I've seen opportunities with /ES options with a risk/reward of 1/19 and you could earn 1/4 after just a 5-7 days of decay.
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