September 2012
Beginner
328 pages
7h 42m
English
A straddle is the purchase of a call combined with the purchase of a put at the same strike (generally purchased with both at-the-money).
A strangle is the purchase of a call combined with the purchase of a put at a lower strike (generally purchased with both out-of-the-money).
A spread is the purchase of one call (or put) and the sale of another at a worse strike to the buyer (generally out-of-the-money).
A butterfly spread is the purchase of a call (or put) (generally out-of-the-money) combined with the purchase of another call (or put) at a different strike (generally in-the-money) and the sale of two calls (or puts) at a mid-way ...
Read now
Unlock full access