🦋 Options Strategy Spotlight: Long Iron Butterfly Use it when you expect low volatility and price to hover near a strike. Structure (same expiry): 🔹 Buy 1 Put A 🔹 Sell 1 Put B 🔹 Sell 1 Call B 🔹 Buy 1 Call C Also called a straddle-strangle swap. Credit at entry, max gain if price = B. Try it risk-free on our Testnet: https://test.deribit.com