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 ?
Earlier, on Monday, July 1, hundreds of Marcos supporters gathered at Manila's Rizal Park to celebrate Imelda's 90th birthday, dubbed as Asia's "Iron Butterfly."
Holmes (Ted Nugent), Joey Molland's Badfinger, Iron Butterfly, Anthony Krizan (Spin Doctors) and Hendrix by Hendrix, featuring family member Regi Hendrix along with percussionists Gerardo Velez and Juma Sultan who performed onstage with Jimi Hendrix.
Ordinary folk lined highways and town roads just to get a glimpse of the 'Iron Butterfly,' a moniker she earned because of the 'butterfly sleeves' of her iconic terno outfits, and because she truly was, it seemed, made of iron, especially as her husband's grip on power became ever more total and absolute.
Limited Tenders are invited for Supply Of Cast Iron Butterfly Valves For Cd
In the Colonial Inn Room at 7:15 p.m., Martin Gershowitz, the lead singer and keyboardist of Iron Butterfly from 2005 to 2012, entertains.
1.20 (2m 3f 120yds, PS5,000 added): 1 IRON BUTTERFLY (J Quinlan) 15-8Fav; 2 FOUNTAINS BLOSSOM 10-3; 3 DONNA'S PRIDE 85-40.
That form reads well for the runner-up, IRON BUTTERFLY, who looks on a winning mark.
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.
Diamond was recognized as discovering The Doors, The Rainy Daze, Linda Rondstadt, The Seeds, Iron Butterfly, LOVE, and many other groups and artists who could not find airplay on other Los Angeles radio stations in 1965, 66, and 67.
WARWICK: 2.20 Broadway Symphony, 2.50 LONG LUNCH (NAP), 3.20 Ballyvoneen, 3.55 Winged Crusader, 4.30 Iron Butterfly, 5.00 Alpancho, 5.30 Trickaway.
WARWICK: 2.20 Broadway Symphony, 2.50 Long Lunch, 3.20 Ballyvoneen, 3.55 Winged Crusader, 4.30 Iron Butterfly, 5.00 Alpancho, 5.30 Trickaway.