The Plays – Optionology
Long Butterfly w/ Calls
Name: Long Butterfly w/ Calls Setup: Buy (long) Strike A call and Sell (short) 2 Strike B calls and Buy (long) Strike C call Bias: Neutral […]
Long Butterfly w/ Puts
Name: Long Butterfly w/ Puts Setup: Buy (long) Strike A put and Sell (short) 2 Strike B puts and Buy (long) Strike C put Bias: Neutral […]
Iron Butterfly
Name: Iron Butterfly Setup: Buy (long) Strike A put and Sell (short) Strike B put and Sell (short) Strike B call and Buy (long) Strike C call Bias: Neutral […]
Broken Wing Butterfly w/ Calls
Name: Broken Wing Butterfly w/ Calls Setup: Buy (long) Strike A call and Sell (short) 2 Strike B calls and Buy (long) Strike D call Bias: Slightly Bullish […]
Broken Wing Butterfly w/ Puts
Name: Broken Wing Butterfly w/ Calls Setup: Buy (long) Strike A put and Sell (short) 2 Strike C puts and Buy (long) Strike D put Bias: Slightly Bearish […]
Inverse Broken Wing Butterfly w/ Calls
Name: Inverse Broken Wing Butterfly w/ Calls Setup: Sell (short) Strike A call and Buy (long) 2 Strike B calls and Sell (short) Strike D call Bias: Slightly Bullish […]
Inverse Broken Wing Butterfly w/ Puts
Name: Inverse Broken Wing Butterfly w/ Puts Setup: Sell (short) Strike A put and Buy (long) 2 Strike C puts and Sell (short) Strike D put Bias: Extremely Bearish […]
Christmas Tree Butterfly w/ Calls
Name: Christmas Tree Butterfly w/ Calls Setup: Buy (long) Strike A call and Sell (short) 3 Strike C calls and Buy (long) 2 Strike D calls Bias: Slightly Bullish […]
Christmas Tree Butterfly w/ Puts
Name: Christmas Tree Butterfly w/ Puts Setup: Buy (long) 2 Strike A puts and Sell (short) 3 Strike B puts and Buy (long) Strike D put Bias: Slightly Bearish […]
Long Condor Spread w/ Calls
Name: Long Condor Spread w/ Calls Setup: Buy (long) Strike A call and Sell (short) Strike B call and Sell (short) Strike C call and Buy (long) Strike D call Bias: Neutral […]
Long Condor Spread w/ Puts
Name: Long Condor Spread w/ Puts Setup: Buy (long) Strike A put and Sell (short) Strike B put and Sell (short) Strike C put and Buy (long) Strike D put Bias: Neutral […]
Iron Condor
Name: Iron Condor Setup: Buy (long) Strike A put and Sell (short) Strike B put and Sell (short) Strike C call and Buy (long) Strike D call Bias: Neutral […]
