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Chapter 5. Sideways Strategies > Modified Call Butterfly

5.8. Modified Call Butterfly

ProficiencyDirectionVolatilityAsset LegsMax RiskMax RewardStrategy Type
+
   +   
ExpertBullishLow• Long CallCappedCappedCapital Gain
   • Two Short Calls   
   • Long Call   


5.8.1. Description

The Modified Call Butterfly is identical to the Long Call Butterfly with the exception that the distance between the middle and higher strike calls is closer than that of the lower and middle strikes.


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