The iron fly

An iron fly at 100 collects 6.44 with 10-point wings on both sides. Where are its breakevens?

• 90 and 110, the wing strikes
• 93.56 and 106.44
• 96.44 and 103.56

Compared with an iron condor on the same chain, what does an iron fly usually give you?

• A smaller credit and a wider profit zone
• A larger credit and a narrower profit zone
• The same credit, with its profit arriving sooner