(ii) Butterfly spread. A
butterfly strategy is also similar to a straddle, examined earlier
in this section, and has the same underlying rationale of trading
against movements in the volatility of exchange rates. In this
strategy, however, a floor is provided for the maximum loss or a
ceiling to the maximum gain. Purchase of a butterfly (a long
butterfly) entails buying an
their own perceptions and powers of reason in deciding on which party to bestow their support. Apart from the smaller numbers which now gave more or less automatic support, voters’ allegiance was ‘up for grabs’. Denver points out that even the apparent stability of Conservative successes during the 1980s was not based on an unchanging, solid block of voters but on ‘A temporary coalition of voters which then dissolved in the inter-election periods’.
So it seems voters had emerged from the chrysalis of class loyalty as a butterfly which fluttered from party to party
the victims of ignorance, I urge earnestly on every man, and yet more on every woman in this room, the duty of offering girls some education which will teach them what vast numbers of middle-class girls are not now taught, that there are higher objects in life than finery and amusement; that they are responsible to themselves, to the State, and to God, for the precious gift of womanhood. And if I urge the higher education of women for the sake of such as these foolish butterflies, how much more for the wise working bees of the human hive; for the two and a half
knocked at every corner: Wolof drums; the poetic flights of the young women at the river; sails outstretched like butterfly wings; men and women from Galam, Niger, Sudan; bare bodies and elaborate coiffures; ornaments; shouts, calls; sudden passion and laughter – all this spoke to the little girl in a language she recognised as her own. All this beat with a pulse that she felt in her veins. Bâ would later write: “I was eight years old and I cried, Tam-tam, take me away.” 4
A Childhood in Dakar and Other Early Influences
Killer (1992), Tracking Down Maggie (1994), Anne Frank Remembered (1995) – and some television, including Hillsborough (1996), and directed the short film, The Butterfly Man (1996). In 2006 he had two notable credits: Loach’s Cannes-winning The Wind That Shakes the Barley (UK/Fr/Ger/Ire/It/Sp) and the 9/11 recreation piece, United 93 (UK/Fr/US). Most of his recent work has been for US films.
OTHER BRITISH FILMS INCLUDE : Raining Stones (1993), Ladybird Ladybird (1994), Land and Freedom (UK/Ger/Sp), Life After Life (1995), Carla’s Song (1996, UK