Trading in the present day has shifted into a new direction. In this course, many more strategies have come into the limelight. One of the policies that have been now used by the traders is the butterfly strategy. Now the question is that what is that butterfly strategy? According to the experts of the trading market, this new plan consists of four options. These options are known to be as the strike in the share market. The first strike happens when there is one call which is long, but the strike is low.