Options strategies - Butterfly and Iron condor

[Trading_interest]

Hello all,

I was going through the various options strategies and browsed through the Long Call Butterfly and Long Iron condor strategies for consolidating markets. However, as I want to trade Intraday and not positional, I am keen to know if these advanced strategies like Butterfly and condor can be traded on an Intraday basis as well? How would be the RR for an intraday trade on these strategies?

Expert opinion highly appreciated.

Thanks!

 

[rananjay00007]

Hi ,
i do not think that these are for intraday , rather when applied correctly in Range Bound Market ,they can yield Good RR Trade .