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A long butterfly options strategy consists of the following options: Long 1 call with a strike price of (X − a) Short 2 calls with a strike price of X; Long 1 call with a strike price of (X + a) where X = the spot price (i.e. current market price of underlying) and a > 0. Using put–call parity a long butterfly can also be created as follows:
A "candlestick pattern" is a movement in prices shown graphically on a candlestick chart. This separation shown on the chart, is said to be caused by an exhaustion gap and the subsequent move in the opposite direction occurs as a result of a breakaway gap.
Spot–future parity (or spot-futures parity) is a parity condition whereby, if an asset can be purchased today and held until the exercise of a futures contract, the value of the future should equal the current spot price adjusted for the cost of money, dividends, "convenience yield" and any carrying costs (such as storage).
Media in category "Images of butterflies and moths" This category contains only the following file. Plate II Kallima butterfly from Animal Coloration by Frank Evers Beddard 1892.jpg 1,695 × 2,722; 1.77 MB
Graphium nomius, the spot swordtail, [1] [2] is a butterfly found in South and Southeast Asia that belongs to the swallowtail family. The species was first described by Eugenius Johann Christoph Esper in 1793. [1] [2] One of the grandest sights is a host of spot swordtails mud-puddling or swarming around a flowering forest tree.
Photographic and light microscopic images: Zoomed-out view of an Aglais io. Closeup of the scales of the same specimen. High magnification of the coloured scales (probably a different species). Electron microscopic images: A patch of wing: Scales close up: A single scale: Microstructure of a scale: Magnification: Approx. ×50 Approx. ×200 × ...
Lepidoptera (/ ˌ l ɛ p ɪ ˈ d ɒ p t ər ə / LEP-ih-DOP-tər-ə) or lepidopterans is an order of winged insects which includes butterflies and moths.About 180,000 species of the Lepidoptera have been described, representing 10% of the total described species of living organisms, [1] [2] making it the second largest insect order (behind Coleoptera) with 126 families [3] and 46 superfamilies ...
If one draws the data-flow diagram for this pair of operations, the (x 0, x 1) to (y 0, y 1) lines cross and resemble the wings of a butterfly, hence the name (see also the illustration at right). A decimation-in-time radix-2 FFT breaks a length-N DFT into two length-N/2 DFTs followed by a combining stage consisting of many butterfly operations.