@christophergillig @sonicmerlin Butterfly spreads get an F with respect to their risk profiles, and aim at very small targets. Pictured below is a stock butterfly spread (It has a failing quant score.) For a risk profile chart, you want to see a lot of green—not solid red with a magnifying glass looking for green. That’s only a 2.4% chance of success. They are halfcourt [long]shots.