REVERSE IRON BUTTERFLY	LONG PUT
About Strategy	Reverse Iron Butterfly Option Strategy Reverse Iron Butterfly as the name suggests is the opposite of Iron Butterfly. In Reverse Iron Butterfly, a trader is bullish on volatility and expects the market to make significant move in the near future in either directions. Here a trader will buy 1 ATM Call Option, sell 1 OTM Call Option, buy 1 ATM Put Option, sell 1 OTM Put Option. This strategy also bags lim Read more..	Long Put Option Strategy This strategy is implemented by buying 1 Put Option i.e. a single position, when the person is bearish on the market and expects the market to move downwards in the near future. Risk: The maximum loss will be the premium amount paid.< .. Read more..

REVERSE IRON BUTTERFLY Vs LONG PUT - Details

	REVERSE IRON BUTTERFLY	LONG PUT
Market View	Neutral	Bearish
Type (CE/PE)	CE (Call Option) + PE (Put Option)	PE (Put Option)
Number Of Positions	4	1
Strategy Level	Advance	Beginners
Reward Profile	Limited	Unlimited
Risk Profile	Limited	Limited
Breakeven Point	Upper Breakeven Point = Strike Price of Long Call + Net Premium Paid, Lower Breakeven Point = Strike Price of Long Put - Net Premium Paid	Strike Price of Long Put - Premium Paid

REVERSE IRON BUTTERFLY Vs LONG PUT - When & How to use ?

	REVERSE IRON BUTTERFLY	LONG PUT
Market View	Neutral	Bearish
When to use?	This strategy is used when a trader is bullish on volatility and expects the market to make significant move in the near future in either directions.	A long put option strategy works well when you're expecting the underlying asset to sharply decline or be volatile in near future.
Action	Sell 1 OTM Put, Buy 1 ATM Put, Buy 1 ATM Call, Sell 1 OTM Call	Buy Put Option
Breakeven Point	Upper Breakeven Point = Strike Price of Long Call + Net Premium Paid, Lower Breakeven Point = Strike Price of Long Put - Net Premium Paid	Strike Price of Long Put - Premium Paid

REVERSE IRON BUTTERFLY Vs LONG PUT - Risk & Reward

	REVERSE IRON BUTTERFLY	LONG PUT
Maximum Profit Scenario	Strike Price of Short Call (or Long Put) - Strike Price of Long Call (or Short Put) - Net Premium Paid - Commissions Paid	Profit = Strike Price of Long Put - Premium Paid
Maximum Loss Scenario	Net Premium Paid + Commissions Paid	Max Loss = Premium Paid + Commissions Paid
Risk	Limited	Limited
Reward	Limited	Unlimited

REVERSE IRON BUTTERFLY Vs LONG PUT - Strategy Pros & Cons

	REVERSE IRON BUTTERFLY	LONG PUT
Similar Strategies	Short Put Butterfly, Short Condor	Protective Call, Short Put
Disadvantage	• Potential loss is higher than gain, complex strategy. • Not suitable for beginners.	• 100% loss if strike price, expiration dates or underlying stocks are badly chosen. • Time decay.
Advantages	• Able to profit whether stocks move in either direction up or down. • This strategy can be used by option traders who cannot use credit spreads. • Predictable maximum loss and profits, volatile strategy.	• Limited risk to the premium paid. • Less capital investment and more profit. • Unlimited profit potential with limited risk.