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Reverse Skip Strike Call Butterfly
A skip strike butterfly sounds complicated, but it really is just streching out the contracts for different stikes. An inverse, sounds complicated as well, but in this case the only difference between this and the regular is you are swapping the strikes where you would write and buy. So the reverse skip strike call butterfly has a setup of selling 1 call, buying 2 otm calls, and selling another call, but far out of the money.