Option butterfly spreads: Volatility, magnitude, and defined risk
A metamorphosis into risk and reward.Encyclopædia Britannica, Inc.Options—on a stock, index, commodity, or whatever you’re trading—are a lot like chess. No matter how the market (or chessboard) is set up, there are strategies designed to give you good odds for a successful outcome. And if the market looks to be stuck in a range, or you think it’s poised...