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URL:  https://boards.fool.com/i-recommend-staying-away-from-the-iron-butterly-if-35010694.aspx

Subject:  Re: Iron Butterfly spread question Date:  12/28/2021  1:45 PM
Author:  blacktreechaser Number:  11356 of 11363

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).

https://www.youtube.com/watch?v=ZCkHanF4v1w

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.
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