Skip to main content
No. of Recommendations: 0
I recommend staying away from the Iron Butterly if you're tripping. It's not a good feeling (but not as bad as listening to Helter Skelter from the White Album, that could really push someone over the edge).

Just my opinion, but I think the folks that like these sort of trades the most are the pit traders and those with "a seat at the table" at the big brokerage houses. And those that run subscription services for option trading.

But if its working for you, great, stay with what works.

ETY works fine for me, double-digit annualized returns in the mid-teens since 2013. And a few covered calls once in a while, my last being F bot yesterday (12/27), sold the $20.50s of 12/31/2021...annualized yield as of now 263.23%. Option traders just get to screw me a little bit once...not 4 times.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.