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Iron Butterflies

Andy McDonald

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Closing orders filled on one of the open positions shared, and I opened another yesterday. Whilst profits on these are not huge, I haven't had a loss on this structure for the last 20 trades, which flatters Sharpe Ratio.

Structure: Iron Fly
Open Date 09-Oct-26
Security ES
Expiry Date 30-Oct-26
Strikes 2725/2825/2925
Open Credit 65.4
Close Date 16-Oct-26
Close Debit 60.3
Profit / (Loss) 5.1
Profit / (Loss) % on VaR 14.8%

Structure: Iron Fly
Open Date 16-Oct-26
Security RTY
Expiry Date 06-Nov-26
Strikes 2650/2750/2850
Open Credit 68.1