REVERSE IRON BUTTERFLY	MARRIED 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..	Married Put Option Strategy This strategy is applied when trader goes long on the underlying asset i.e. he buys the stock in cash market. He has a bullish view and expects the market to rise in the near future, but simultaneously has the fear of downward movement of the markets. In order to cover his position from vulnerabilities he buys one ATM Put Option of the same underlying asset. Here, a trader wi .. Read more..

REVERSE IRON BUTTERFLY Vs MARRIED PUT - Details

	REVERSE IRON BUTTERFLY	MARRIED PUT
Market View	Neutral	Bullish
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	Purchase Price of Underlying + Premium Paid

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

	REVERSE IRON BUTTERFLY	MARRIED PUT
Market View	Neutral	Bullish
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.	This Strategy work when the investor goes long in any stock. He expects the rise in market in future.
Action	Sell 1 OTM Put, Buy 1 ATM Put, Buy 1 ATM Call, Sell 1 OTM Call	Buy 250 XYZ Shares, Buy 1 ATM 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	Purchase Price of Underlying + Premium Paid

REVERSE IRON BUTTERFLY Vs MARRIED PUT - Risk & Reward

	REVERSE IRON BUTTERFLY	MARRIED 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 = Price of Underlying - Purchase Price of Underlying - 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 MARRIED PUT - Strategy Pros & Cons

	REVERSE IRON BUTTERFLY	MARRIED PUT
Similar Strategies	Short Put Butterfly, Short Condor	Long Call
Disadvantage	• Potential loss is higher than gain, complex strategy. • Not suitable for beginners.	Cost of the put options eats into profit margin.
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.	Unlimited Profit and Limited Risk