Options trading isn’t only for investors with higher risk tolerances. Iron condors and iron butterflies are lower-risk strategies that limit your losses and give you many ways to realize a profit.

Stella Osoba is the Senior Editor of trading and investing at Investopedia. She co-founded and chaired Women in Technical Analysis. She has 15+ years of experience as a financial writer and technical ...

Iron condors represent an option strategy that combines put and call vertical spreads to create flexible opportunities for investors trading options. To appreciate why iron condors may offer appeal to ...

Iron Condors profit from low-volatility markets by using a four-leg strategy. Maximum profit is limited to the net credit received from setting up the trade. Losses are capped, relating to the strike ...