← Back to Templates

Long Butterfly with Calls Option Strategy

Description

Long Butterfly with Calls Option Strategy thumbnail

Three strikes, four contracts: buy one call at the lower strike, sell two at the middle strike and buy one at the upper strike, all in the same expiration. The debit paid is the maximum loss, and the peak payoff arrives with the underlying sitting exactly at the middle strike at expiration, which makes this a defined risk way to bet on a narrow range.

Each leg prices from an option symbol assembled from your inputs, with on demand bid, ask and previous close and the stock's last price, so the debit and both breakevens follow the chain.

Template Screenshots

Long Butterfly with Calls Option Strategy screenshot 1

Get Access to 1 Billion Usable Market data points IN YOUR EXCEL SHEETS WITH EASY TO USE EXCEL FUNCTIONS

Get started today
How does MarketXLS work?
▶
How does MarketXLS work? Watch Demo

Similar Templates

No similar templates found