Iron Butterfly


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Iron Butterfly

An option strategy in which one takes a position on four options with three different strike prices. One buys an out-of-the-money put with a low strike price, sells a call and a put with the same at-the-money strike price, and, finally, buys an out-of-the-money call with the highest strike price. One profits from the price movement of the underlying asset over the life of the options. It is most beneficial when the underlying asset is expected to have low volatility.
References in periodicals archive ?
That form reads well for the runner-up, IRON BUTTERFLY, who looks on a winning mark.
Tenders are invited for Supply of Cast iron butterfly valves, 750 mm dia Conforming to is:13095 : 2000
CBOE S&P 500 Iron Butterfly Index (ticker symbol: BFLY) The CBOE S&P 500 Iron Butterfly Index is designed to track the performance of a hypothetical option trading strategy that 1) sells a rolling monthly at-the-money (ATM) S&P 500 Index (SPX) put and call option; 2) buys a rolling monthly 5% out-of-the-money (OTM) SPX put and call option to reduce risk; and 3) holds a money market account invested in one-month Treasury bills, which is rebalanced on the option roll day and is designed to limit the downside return of the index.
Gerschwitz, a keyboardist and violin player, will play songs from his time with Eric Burdon and the New Animals and the psychedelic rock band Iron Butterfly, as well as original semiclassical music.
In 1995, Iron Butterfly bass player Philip ''Taylor'' Kramer disappeared; four years later, his skeletal remains were found inside his wrecked minivan in a ravine near Malibu, California.
IRON BUTTERFLY - INNA |GADDA DA VIDA (Salvo) Hailing from the San Francisco area and led by Doug Ingle, Iron Butterfly's first album, Heavy, released in 1967, made little impression.
V Jukie Delmas, Beagle-III, Double Prosperity, Iron Butterfly, DN Vatan, Mana Deepa, Dai Dong Sunrise and Chem Road Sea are currently occupying berths to load/offload containers, wheat, coal, project cargo, cement, steel scrape, soya been and edible oil respectively during last 24 hours.
right here, judging by the response), Kelis' ex-husband treated us to a heavy opening with the Iron Butterfly sampling riffery of Hip Hop is Dead.
Granted their 17-minute long, 1968 number BEST VINTAGE ROCK Iron Butterfly @ The Glee Club, Cardiff (tonight) * WHILE some of you may just have read the above and gone, "Iron who?
To master their characters the band played several shows, even supporting heavy metal band Iron Butterfly.
I await with excitement the mail order arrival of a shorter ironweed variety named Iron Butterfly, which is quite different in its feathery foliage and branching habit.
She's the epitome of the iron butterfly," says NBC artistic director Karen Kain jokingly, "and good at everything.