Butterfly spread call options
It is a limited profit, limited risk options strategy. As Time Goes By For this strategy, time decay is your friend. Information on this website is provided strictly for informational and educational purposes only and is not intended as a trading recommendation service. As an alternative to writing covered calls, one can enter a bull call spread for a similar profit potential but with significantly less capital requirement. Observe that the platform ensures that there is not a mistake as to which strike prices are involved.