iron butterfly

noun

A combination of four options, including two calls and two puts, that replicates the payoff of a butterfly.

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Meanings

nouniron butterfly (plural iron butterflies)

plural iron butterflies

  1. businessA combination of four options, including two calls and two puts, that replicates the payoff of a butterfly.
Cite this entry
APA

iron butterfly. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/iron%20butterfly

MLA

“iron butterfly.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/iron%20butterfly. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “iron butterfly,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/iron%20butterfly.

Source: iron butterfly on Wiktionary, CC BY-SA 4.0.