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Iron Butterfly was an American rock band formed in San Diego, California, in 1966. They are best known for the 1968 hit " In-A-Gadda-Da-Vida ", providing a dramatic sound that led the way towards the development of hard rock and heavy metal music.
A long iron butterfly will attain maximum losses when the stock price falls at or below the lower strike price of the put or rises above or equal to the higher strike of the call purchased. The difference in strike price between the calls or puts subtracted by the premium received when entering the trade is the maximum loss accepted.
Philip Taylor Kramer (July 12, 1952 – c. February 12, 1995) was an American bass guitar player for the rock group Iron Butterfly and associated groups between 1974 and 1980. He later became a computer engineering executive and inventor. He disappeared in February 1995 and was found dead in May 1999.
The iron butterfly is a special case of an iron condor (see above) where the strike price for the bull put credit spread and the bear call credit spread are the same. Ideally, the margin for the iron butterfly is the maximum of the bull put and bear call spreads, but some brokers require a cumulative margin for the bull put and the bear call.
Ron Bushy (December 23, 1941 – August 29, 2021) was an American drummer best known as a member of the rock band Iron Butterfly and as the drum soloist on the band's iconic song "In-A-Gadda-Da-Vida", released in 1968 although performed in the band's earlier appearances.
In 1974, he was contacted by a promoter about reforming Iron Butterfly, so he reunited with Ron Bushy to form a new version of the group, signing with MCA. The 1975 LP Scorching Beauty featured Brann on guitars and vocals, Bushy on drums, Philip Taylor Kramer (Bushy's friend) on bass, and Erik's friend Howard Reitzes (who worked in a music ...
Live At The Galaxy 1967 is a 2014 unofficial live album by American psychedelic rock band Iron Butterfly, recorded on July 4, 1967 at the Galaxy Theater in Los Angeles, California and released as digital download, on digipak CD and deluxe colored 180 gram vinyl LP on the Purple Pyramids Records and Cleopatra Records label.
"Don't Look Down on Me" is the debut single by American rock band Iron Butterfly. Lead vocals were by Darryl DeLoach with Doug Ingle on organ and backing vocals. The song "Possession", which is on the flip-side, is the same as the version on the band's second single "Unconscious Power" as well as on the 1970 single release and is different from the version on the album Heavy. [1]