An Iron Butterfly is a very narrow Iron Condor where the short call and short put is at the same strike price. This XJO Iron Butterfly model portfolio was traded from December 2014 until October 2015, after we wrapped up our first XJO Iron Condor Model Portfolio. Unlike that Iron Condor model portfolio where we simply held our trades to expiry, we actively manage our positions in this model portfolio. We take profit at 10% of spread width and close losing trades when losses exceed 1.5 times what we collect in a winning month. Click on the link below for the Trading Plan of this model portfolio.

XJO Iron Butterfly Model Portfolio – Trading Plan

Below are the monthly blog updates on the XJO Iron Condor model portfolio with details of each month’s trade

  1. Model Portfolio Set up
  2. February Update
  3. March Update
  4. April Update
  5. May Update
  6. June Update
  7. July Update
  8. August Update
  9. September Update
  10. October Update and Wrap Up

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