Exploring iron butterflies and condors
- Date: May 11, 2017
- Duration: 60 minutes
- Time: 12:00 pm ET
Learn how iron butterfly and condor trades can be used to take advantage of a market-neutral outlook and expected changes in volatility assumptions. Join representatives from Fidelity's Trading Strategy Desk as they discuss the intricacies of these multi-leg option strategies.
During today’s session, you will learn:
- Basic principles behind market-neutral strategies
- Construction of iron butterflies and condors
- How to place iron butterfly/condor trades
- How to adjust your iron butterfly/condor based on changing outlook or market conditions
Tyler Konesky has been with Fidelity for four years. He spent two of those years working for the Active Trader Services group before joining the Fidelity’s Trading Strategy Desk in June of 2014. He is currently a Registered Securities Representative (Series 7/63) and a Registered Options Principal (Series 4).
Brett Yoder’s career with Fidelity began in 2010 as a trader in our Service function. Since then he has held roles in our International Trading, Premium Service, and Active Trader Service functions. He currently holds the Series 7 & 63 licenses, and is a Registered Options Principal (Series 4). Brett is passionate about the markets and trading. He finds great satisfaction in educating our customers on trading analysis and guiding them through refining their trading strategies.
The expert third party options analysis on Fidelity.com provides a daily report of unique option trading analysis. Watch this video and become familiar with the type of information that can be found, how the analyst approaches his research, and a few navigational tips.
In this course you will learn how to use the many options research tools available on Fidelity.com to generate and validate trading ideas.
Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.
There are additional costs associated with option strategies that call for multiple purchases and sales of options, such as spreads, straddles, and collars, as compared with a single option trade.