Definition of scope - the extent of the area or subject matter that something deals with or to which it is relevant, the opportunity or possibility to d Definition of scope - the extent of the area or subject matter that something deals with or to which it is relevant, the opportunity or possibility to d dictionary thesaurus
Definition of Long Put: An investor is said to be long a put option when he has purchased a put option and currently owns the put. The term going long refers to buying a security, and applies to being long a stock, long a call, and long a put.
In finance, a butterfly is a limited risk, non-directional options strategy that is designed to have a large probability of earning a limited profit when the future volatility of the underlying asset is expected to be lower than the implied volatility. long butterfly position will make profit if the future volatility is lower than the implied volatility. A long butterfly options strategy consists of the following options 1  : Long 1 call with a strike price of (X â a). 2  Short 2 calls with a strike price of X. 3  Long 1 call with a strike price of (X + a).