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Butterflies, Strangles and The Wings: MASTER FX OPTIONS OTC Currency Options and the Carry Trade BOOK 4
Paperback
Publisher: Pgm
Published: Sep 2 2026
Pages: 124
Weight: 0.39
Height: 0.26 Width: 6.00 Depth: 9.00
Language: English
The distinction every FX dealer knows and almost no retail book has ever explained: the quoted butterfly is a market strangle, not a smile strangle, and confusing the two will cost you. Covers wing pricing, vol-of-vol, and the tail structures that look like the thinnest topic in the series and
Book 1: The FX Volatility Surface
Book 2: The Carry Trade Is a Short Option
Book 3: Risk Reversals and the FX Skew
Book 4: Butterflies, Strangles, and the Wings
Book 5: Trading the Central Banks
Book 6: EUR Crosses and the Cross-Currency Surface
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