Butterfly

If the ratio does not take, it is not the butterfly. These right strikes are usually referred to as the wings of the butterfly, and the internal attack as the structure. The measure of the butterfly will never come below zero. The condor is closely related to this butterfly; the difference is that these middle options do not have the same pitch value. Because option costs can be modeled mathematically with the framework, e.g., the Black-Scholes model, some of the dangers associated with options will also be modeled and interpreted. This particular feature of choices makes them arguably less dangerous than other asset classes, or at the very least allows the risks associated with them to be recognized and valued. Various hazards have been specified for Greek text families and are sometimes referred to just as the "Greeks."