Level: Advanced
Introduction
Set your sights on the skies with the Iron Albatross, a sophisticated strategy sculpted for traders anticipating minimal price movement in the underlying asset. This strategy combines elements of iron condors and iron butterflies to capitalize on stagnant or slightly moving markets.
What It Is
The Iron Albatross is a four-legged options strategy, encompassing two credit spread combinations (one call spread and one put spread). The strategy typically involves selling an at-the-money…
