[Verse 1] When the market's sitting still and you think it's gonna stay There's a strategy to use when prices won't move away Take three strikes in a row, buy the wings and sell the middle Butterfly spreads will show how to solve this trading riddle [Chorus] Buy low, sell middle, buy high again Limited risk, limited gain When volatility is low and time is your friend Butterfly spreads help profits ascend Three strikes dancing in perfect line Maximum profit when stars align [Verse 2] Start with calls or puts, the choice is yours to make At the money middle strike is where your premium you'll take Equal distance spacing out, keep those strikes the same apart One-to-two-to-one layout, that's the butterfly art [Chorus] Buy low, sell middle, buy high again Limited risk, limited gain When volatility is low and time is your friend Butterfly spreads help profits ascend Three strikes dancing in perfect line Maximum profit when stars align [Bridge] If the stock price ends right at the middle strike That's where maximum profit is what you'll like But if it moves too far in either direction Limited loss gives downside protection [Verse 3] Time decay works for you when you're short the middle two Theta positive strategy when there's nothing much to do Low volatility environment is where this spread will shine Advanced neutral positioning keeps profits in line [Chorus] Buy low, sell middle, buy high again Limited risk, limited gain When volatility is low and time is your friend Butterfly spreads help profits ascend Three strikes dancing in perfect line Maximum profit when stars align [Outro] When markets move sideways and volatility's dead Remember the butterfly, dance with three strikes instead
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