put broken wing butterfly is a bullish/neutral strategy. call broken wing butterfly strategy is a bearish/neutral strategy. IT is defined risk and a defined profit strategy and close to expiry we get faster profit materilisied
call broken wing butterfly >>>Buy one In-The-Money Call+ Sell two At-The-Money Calls+Skip a Strike+Buy one Out-Of-The-Money Call
put broken wing butterfly >>>Buy one In-The-Money put+ Sell two At-The-Money put+Skip a Strike+Buy one Out-Of-The-Money Call
What’s The Goal With A Broken Wing Butterfly? would be for the stock to close around the ATM strike or below, by the time of expiration.