More Profit & Less Risk With An Iron Fly! Money Making Idea!

This options setup turns an iron condor into an iron fly - increasing profit while reducing risk. Results video coming soon!

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WHAT IS THE IRON FLY STRATEGY?
The Iron Fly Options Trading Strategy is an options selling strategy that can generate consistent, weekly income. It does so by opening a 10-strike wide iron fly (iron butterfly) spread on SPY every trading day for a large credit of approximately $600. It benefits from theta, or time decay, and the trader exit when a specific profit target is reached. To learn more about this options selling strategy and how I automate the passive income generator, check out the videos below.

OPTIONS BASICS!

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DISCLAIMER
I am not a financial advisor and this is not financial advice. This content is only for educational and entertainment purposes only. Any trades you see here are either past trades I’ve made or an example trade. Please don’t follow any trades you may find in these videos.

#IronFly #SPY #OptionsTrading #TheWheelStrategy #SellingOptions #MakingMoney #LifestyleTrading #PassiveIncome #Options #Stocks #StockMarket

[shawngordhamer]

I really learned a lot. I feel much more comfortable with the iron fly now. I had always heard that the iron condor was safer but what you said makes sense. Thank you.

[millenialmusings]

Why not go directional for 0dte spreads?

[steveho]

take me a while to understand and I think I have setup a ATM fly (or modified IC), is that means you just SELL atm IC, then adjust the legs up and down 10 strike to BUY the calls, it results in good credit (say above 700), but only with 50-60 dollar for max risk, This seems very good leverage, and then you can just setup exit at 15-20% profit. I hope it should results in 3-4 days, Please confirm if this is the main points of your straights thank you in advance

[tamidillon]

I am curious when we can expect the follow-up results vid. I’m anxious to see your results.
Thanks for the excellent content.

[JWade-petd]

This is a great channel, thanks so much. Do you ever use or talk about the difference between iron condors or long call/put condors? I think one is primarily a debit or credit, but what are the advantages?

[yogeshlalwani]

This looks pretty good; if IV stays low this will work. Also the fees are low compared to the net credit. One could go for 20% profit as the exit as well. Waiting for the 30 trades, may be you can post 2 weeks worth and then the 30 trades

[spivaman]

Looking forward to the results of this one

[kennethneveski]

Interesting, especially the 15 max profit target. Just curious about entering next IF. You say "expires. Do you mean when profit target is hit? Or after loss max is hit? Or before option actually expires after 7 days? I'm just curious about the whole timing and overlapping thing. Thanks.

[edmandell]

I agree Theta works on both an Iron Condor and Iron Fly but if a 30-45 DTE Iron condor moves in price you have time to recover (16 delta wide example)if a Iron Fly moves in price the trade is basically dead at that point. let me know what I'm not getting?

[wwrussell]

I find that Iron Flys in the SPX are a great strategy in neutral conditions. But risk management is imperative.

[bingwong]

RE: Iron Fly vs Butterfly.. Is there a reason why one would use all puts, or all calls to construct a butterfly rather than use a combination of 2 puts and 2 calls? Is there some advantage of one over the other?

[evertdutoit]

Question about stop condition ... how do you monitor that, since you cannot set stop orders in Robinhood?

[-mrputtz-]

With the daily ATR around 6.4(+/- 3.2), and it does go higher, with a couple days in a row in one direction it seems like there might be a lot of stop outs. More of a sideways market strat and the market is pretty crazy. Maybe the decay can negate enough of this. We'll see... Good vid

[tradingtalents]

Which do you prefer? The iron fly fly or the iron condor?

[donniemiracle]

So you don't mind holding over weekends? Risks with the market closed.

[edmandell]

The problem with Iron Flys is you need very low IV to win on the trade. Also, closing the trade is difficult because the bid/ask is typically wide. Also, there's a risk of assignment on these trades. I really don't like them.