For traders seeking to take advantage of sideways market movements without betting on a particular direction, Iron Condor and Butterfly strategies are widely used in options trading. These strategies allow traders to potentially earn income in low-volatility conditions while managing risk. What Are Iron Condors and Butterflies? Iron Condor Strategy Long Iron Condor Payoff Graph An Iron Condor is a neutral options strategy that involves selling two options (one call and one put) at different strike prices while buying protective
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