Day 2: Iron Condors and Butterflies

Lesson /35 | Study Time: 50 Min
# Iron Condors and Butterflies

## Iron Condor Basics
- Strategy construction
- Risk/reward profile
- Margin requirements
- Optimal conditions

## Butterfly Spreads
- Types of butterflies
- Setup process
- Width selection
- Risk management

## Strategy Management
- Adjustment triggers
- Rolling techniques
- Early exit criteria
- Profit taking

## Market Volatility
- IV impact
- Strategy selection
- Position sizing
- Risk control