Iron condors and strangles are both delta neutral strategies. What are the advantages of each?
Advantages of Iron Condors:
Advantages of Strangles:
Risk defined strategies provide higher return on capital, as well as limited losses for each trade. Conversely, naked options require much more buying power and are a great way to scale up your position size. Both strategies provide their own unique benefits and can be used together in a short premium portfolio.
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