Cash Secured Puts is a simple way to acquire stocks for investment at a lower price than the current Market Price. It involves selling out of the money put options and simultaneously holding enough cash to purchase the stock at lower price.
The Long butterfly spread is a neutral strategy that is a combination of a bull spread and a bear spread. It is a limited profit, limited risk options strategy. There are 3 striking prices involved in a butterfly spread and it can be constructed using calls or puts.
Download Iron Condor Spread – Amibroker AFL code to monitor the Option Spread Stragies.