I have noticed many options traders and options trading book authors use different notations for different strategies and their synthetics and also indiscrimantely (or so it appears, refer to strategies as being short or long). This can be very confusing. what is even more bothersome, is that at times, it seems to me that it is not just a question of mixing up notations, but simply being wrong. For example, I recently saw a long iron butterfly described as the synthetic combination of a "Short Bull Put Spread" and a "Short Bear Call Spread". Is that not wrong?? I thought that synthetic combination was a SHORT iron CONDOR, not a long iron butterfly? Am I wrong? Also I believe that a SHORT iron condor is also a synthetic short strangle and a long strangle combined together. Correct? What other synthetic versions of the SHORT/long iron condor or the SHORT/long iron butterfly are you aware of? Finally, I would love for others to share their opinions on the risk and reward of SHORT/long iron condors and butterflies, wrangles ( a strategy hardly ever discussed), plain butterflies, condors , their peculiarities, when best to be used, what to be careful of and how they view these strategies from a synthetic decomposition perspective. Any other thoughts on these strategies in this thread would also be appreciated. Thank You.