Webinar: Four Legs, One Position: How Condors and Butterflies Are Built

Condors and butterflies are multi-leg option strategies that involve four separate options positions. This session walks through how each strategy is structured, how breakeven levels are determined and what the risk and reward profile looks like within a defined price range. During this session, OIC instructor Ken Keating will cover topics including:

• What condors and butterflies are and how the structure of each strategy defines its risk parameters
• How each position is built using multiple strikes and what role each leg plays
• How to identify breakeven levels and understand the profit and loss profile at expiration
• How the Greeks apply within these structures and what they indicate as the position evolves
• Considerations for monitoring and adjusting the position in response to changes in price or volatility

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