Neutral Options Strategies
Summary
Butterflies, iron butterflies, condors, and iron condors are option positions structured to produce profit if an underlying remains rangebound, or to confine results for moves out of the range, built with multiple legs and multiple strikes that are, in essence, a combination of vertical spreads. Start the day with the theory and detail behind these important strategies for your options toolbox.
Investor Education at E*TRADE from Morgan Stanley
David D. Whitmore has taught investing and trading to thousands of individual investors for more years than he wants to admit. With expertise in a wide range of topics including stock analysis and selection, technical analysis, risk management, options, exchange traded funds, and futures, Dave has created and delivered compelling education in many settings. He holds an MBA from New York University, a BA in business economics from University of California Santa Barbara, FINRA series 7 and 24, and NFA series 3 licenses. Dave lives in New Jersey with his wife and two kids where he enjoys golf (a lot), skiing, almost all sports on TV, crosswords, Jeopardy, jazz, and backyard ornithology.