BREAKING: Inflation Data Cements Rate Cut Expectations How The Trade With Meta Platforms Stock Would Work With a regular butterfly option trade, the wings get placed an equal distance from the short strike. But how about a broken wing butterfly? Here, we leave a larger gap on a particular side. This results in less risk on one side and more risk on the opposite side. Let's take a look at how a broken wing butterfly trade takes flight on Meta Platforms stock: Notice that the upper-strike put is 20 points awa ...