The Option Alpha Podcast
The Option Alpha Podcast
Kirk Du Plessis
152: Short Straddle Or Short Iron Butterfly?
41 minutes Posted Jan 20, 2019 at 11:00 pm.
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Show notes:

You're looking at a great setup for a neutral trade, but which neutral strategy do you use? Short straddle or short iron butterfly? It's a question we get all the time and today's podcast focuses exclusively on the trade-offs of using one strategy over the other. And while both strategies are built using the same core short straddle position, the choice of adding protection or not using long OTM options can sometimes lead to analysis paralysis. So, let's clear this hurdle together.