Module 5 · Lesson 27 · 10 min

The iron fly

What you'll be able to do

  • Calculate an iron fly's credit, maximum profit, maximum loss on each side and breakevens.
  • Compare a fly with a condor on the same chain, at expiry and before it.
  • Explain why a fly that finishes "near the strike" usually leaves one short option in the money.

This course is for members.

The DeFi University membership on Skool opens all 31 courses here, plus the live calls and community. Private coaching clients have access too.