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I essentially used to do this years ago because I liked trading butterflies on weekly options that expired on Friday.

Fun game, I can't believe commissions are free now!




Actual butterflies?

I know it is off topic, but please explain this comment a little. I'm fascinated as to why anyone would trade butterflies, nice as they are.



Butterfly spreads. A 4-part derivates trade.

I would say it is purely entertainment because as a saying goes, "if your options trading strategy involves the name of animals, just walk away"


I'm a little disappointed that it wasn't actual butterflies, but this makes considerably more sense. Thanks for explaining.




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