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Mike And His Whiteboard

How A Broken Wing Butterfly Can Be Closed For A CR or DB

Mike And His Whiteboard

Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.

Broken Wing Butterflies, as well as ratio spreads, are customized trades that can be opened for a credit, and also closed for a credit. Mike walks through how this is possible on today's whiteboard.

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