The iron butterfly is the most misunderstood structure in options trading. It looks like an iron condor. It trades like a butterfly. And for 0DTE traders who understand when to deploy it, the iron butterfly delivers a risk-to-reward profile that neither structure achieves on its own. Defined risk. Centered precision. Maximum theta decay concentrated into […]
Tag Archives: 0DTE
IV crush is the single most destructive force in options trading for anyone selling premium. It is the sudden collapse of implied volatility — and with it, the collapse of option prices — that occurs after a known event passes. For traders on the wrong side of this collapse, IV crush erases profits, amplifies losses, […]