{"product_id":"stcov297exyo1","title":"Stocks \u0026 Commodities V. 29:10 (72): Explore Your Options by Tom Gentile","description":"Explore Your Options by Tom Gentile\u003cbr\u003e\u003cbr\u003eA \"BETTER\" FLY POSITION\u003cbr\u003e\u003cbr\u003eWhat can be done to make the long butterfly strategy more consistently profitable? The chances of a stock landing at the middle sold strike at expiration is not a high-probability outcome, so what might be considered during the life of the spread?\u003cbr\u003e\u003cbr\u003eGreat question. Its important to be working with a range-bound stock or one thats moving toward the positioned middle strike of the spread. Lower statistical volatility stocks might also provide a more consistent opportunity with the long butterfly.\u003cbr\u003e\u003cbr\u003eLower volatility is a good characteristic because the two embedded verticals making up the butterfly should react more favorably than a high-volatility situation. All else being equal, the in-the-money vertical position expands toward its maximum profit potential and the out-of-money loses its extrinsic value quicker than if volatility is elevated. Once a butterfly position shows some profit, various adjustments can be considered to increase ones odds of more consistent results.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52134170132849,"sku":"172EYOPDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_2bbd08f9-00c1-4125-8981-fa82c7ff1248.jpg?v=1739670016","url":"https:\/\/shop.traders.com\/products\/stcov297exyo1","provider":"Stocks \u0026 Commodities","version":"1.0","type":"link"}