A Butterfly Spreads Its Wings on Wall Street - Barrons.com

A keeper for showing Butterflies in class! My number one piece of advice on ANY derivatives trade? Draw the payoff and profit diagrams.A Butterfly Spreads Its Wings on Wall Street - Barrons.com: "Here's how a typical butterfly or fly trade works.Palsson told clients to consider buying an August 90 put and an August 70 put on the Standard & Poor's Depositary Receipts (SPY), an exchange-traded