Iron Butterflies and Iron Condors

Learn to structure and adjust these futures options spreads for bullish, bearish and neutral market environments. Paul Forchione will define and illustrate, with examples, how option spreads respond to market movement and changes in implied volatility. Paul will also discuss which strike prices and expiration months are suitable for different market outlooks and explain various ways of initiating these spreads using the BESTDirect 8.0 platform. Lastly, Paul will discuss the process of adjusting these spreads and the time to close positions.