Butterfly for Shorts Spread
A butterfly spread with puts is an advanced options strategy that consists of three legs and total of 4 lots options. The trade involves buying one put at strike price A, selling two puts at strike price B and then buying one put at strike price C. The setup is what would happen if an investor combines the end of a long put spread and the start of a short put spread, joining them at strike price B. The Maximum loss is the debit premium.
Created by: Nikita
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