1/ Butterfly Spreads 🦋
In the natural world, a butterfly is a spineless four-winged insect with a strong thorax.
A butterfly spread, however, is a risk-reward defined directionally neutral options strategy.
🧵⤵️
Is selling crypto options for yield an attractive strategy?
With the rapid growth of DeFi Option Vaults (DOVs), you may be wondering whether this is an attractive risk-reward strategy to generate income. A thread (1/9)