Long Iron Butterfly Option Strategy

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𝐋𝐞𝐠𝐚𝐥 𝐃𝐢𝐬𝐜𝐥𝐨𝐬𝐮𝐫𝐞: I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock purchases I show on video should not be considered “investment recommendations”. I shall not be held liable for any losses you may incur for investing and trading in the stock market in an attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful!

[carlosnavarrete]

How do you close your butterflies positions?

[AustinRWest]

2 questions. 1) If I sell early and I’m in the green will I have to put up 100 shares of that stock or is the total cost all I’m giving up in this strategy? To be honest I don’t have to money to give up 100 shares of stock just the total cost. 2)If I’m already in profit and I’m an hour into or not even will Robinhood let me sell that fast?

[Thedarbness]

Lulu has been a little gold mine for iron butterflies, the position is not that bad and within a couple days usually you're already up a hundred dollars which you can get out then even though it's at 30% and I do overlapping iron butterflies like last two weeks Lulu was bouncing between 360 and 370 so because Lulu doesn't move all that much so far it's been working well

[KYLOO-dzhc]

Hi Henry, thank you for your videos I watched every one of it. I do have a question regarding butterfly call strategy. If upon expiry of the option the price of the stock expire outside the green zone will I lose more than the debit premium which i paid when opening the trade. If the most I will lose is the debit premium even though I do not achieve the profit target it is a good strategy considering the high profit. Appreciate your advice. Thank you.

[Artbyrainbow]

hi henry, when creating this strategy (iron butterfly, where your have 2 sell calls option), do you need to own the stock ?

[albertvarona]

I always prefer 1:9 RR OTM butterflies on a high IV stock or Index.

[akcezz]

Do you always need collateral for these kinds of trades?

[Brayness]

The Tesla example is wildly misleading because the option prices are incorrect. The stock fell 8% after hours while options are not being traded. An Iron Butteryfly will use puts and calls. The short 167.5/162.5 put spread will have a much better bid ask spread than the long 162.5/167.5 call spread but they are exactly the same position

[deanlam]

Can you talk about wash sales rules on options etc? Feel like it’s a topic not many people talk about.

[jegm]

What’s needed to be upgrade to Level 3 options strategies on Robinhood ??

[WheelStratJoe]

How do you get Robinhood to not sell your option 30 minutes before close on expiration date?

[rayBARInvest]

Started posting too Henry! Thanks for all that you do!

[toufikd]

Any tips for getting good fills for butterfly’s on robinhood?

[jdu]

When to use calls and when to use puts to build iron butterfly?

[ramsinhermez]

How do you manage closing any type of credit spreads early?

[waterfoker]

Can do video on how to pick stocks for wheel? And show what stocks you do wheel on and when aka under what conditions/criteria to enter/exit the trade. Thanks

[abumehedihasan]

How to buy more then one option? Robinhood keep showing ( you can only select up to 1 option. If you want to build a strategy that’s more then one option, you’ll need to place separate orders.) I’m a very new and I’m trying to learn, please help me, thanks

[wwrussell]

Why did you call the TSLA trade an Iron Fly when you did not sell a put and call straddle?

[cryptotrain]

Can you talk about how to exit when your at peak profits

[BM_]

So you would basically do this on stocks that are not as volatile as tesla.