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.

The curiously-named "iron butterfly" is a complex strategy offering limited losses and limited profits. It is an expanded version of the basic butterfly (two separate spreads offsetting one another).

All week, we've been unpacking options strategies with cool names. Next up, the iron butterfly is a flexible options strategy that can be placed using call or put options, but each trade's risk and ...

Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors. Among the more creative names for option strategies is the iron butterfly. In a basic butterfly, you combine two ...