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Tagged: time decay · ×
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Long Butterfly Spread Explained: Risk $100 to Make $400
The long butterfly spread explained step by step: buy one lower call, sell two at the middle strike, buy one higher call. A worked XYZ example ($100) with a $100 debit, max profit $400, breakevens $96 and $104, three expiration scenarios and how time, volatility and trade management shape the result
