The execution of this trade would involve the purchase of the March 32 call and sell of March 33 call (buying a vertical spread) while simultaneously selling the March 33 call and purchasing the March 34 call ( selling a vertical spread) However, you put it in as one trade (a call butterfly) and then you can fill as one price on the whole trade.

FORBES: Still Flying Into Housing Stocks? Consider This Options Strategy

Fuhu, which makes the rival Nabi tablet for kids, is suing the company, claiming it stole trade secrets and copied its butterfly-shaped design.

ECONOMIST: Business this week