| Butterfly Spread | |
 An option strategy combining a bull and bear spread. It uses three strike prices. The lower two strike prices are used in the bull spread, and the higher strike price in the bear spread. Both puts and calls can be used. |
|
 This strategy has limited risk and limited profit. |
|
 Options Basics Tutorial - An introduction to the world of options, covering everything from primary concepts to how options work and why you might use them. What To Do When Your Trade Goes Awry - Check out some repair strategies to help boost the profit potential of a losing position. |
|
Related Terms
 |