Call Butterfly
pre-built
shape
A bet on calm 🐌⛵. A combination of long call spread and short call spread, converging at one strike. You buy one call at a lower strike, one call at a higher strike, selling two calls at a middle price with same expiration, all strikes equidistant. You are hoping to collect premium here and for no large movements in price/volatility. You have no bias on direction.
Net Credit$0
Max Loss$0
Max Profit$0
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