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They have the same expiration date but they have different strike prices. The put strike price will typically be below the call strike price. Butterfly Spread Strategy implies using a combination of the bull spread strategy and bear spread strategy. The classical butterfly spread involves buying.
Having deeper knowledge about the very nature of commodities, stocks, indices and currencies and what might influence their prices is important and will contribute to the overall success of the trading process. Understanding and knowing all aspects which we have pointed out will enable traders.
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