Ref: CALL-BROKEN-WING
Call Broken Wing
A butterfly variant that eliminates upside risk. Ideal when you are neutral-to-bullish and want to collect a credit.
Outlook: bull
Complexity: Intermediate
Strategy Overview
This strategy is a powerful tool in the options trader's arsenal. While we are currently updating our database with the specific mathematical breakdown for this structure, the core principles of options mechanics apply.
Key Risk Factors
- Delta: Sensitivity to underlying price movement.
- Theta: Sensitivity to time decay.
- Vega: Sensitivity to changes in implied volatility.
[!TIP] Use the Analyze tab in the Terminal to simulate this strategy's performance under various market conditions before deploying capital.