Is anyone out there actively trading iron butterflys with NQ. The reason I ask is that I pulled some quotes from IB today and came up with these numbers while NQ was at around 1566. NQ SEP05 1570 Call = 56 NQ SEP05 1600 Call = 41.50 NQ SEP05 1570 Put = 50 NQ SEP05 1540 Put = 38 I arrived at these quotes by splitting the B/A. Based on these numbers I calculated an iron butterfly with a max profit of 26.5 and a max loss of 3.5 at expiration. My question is, are these figures accurate? If so, are any of you using these positions and with what results? It seems such a simple way to give yourself a 1:7.5 risk reward ratio.