Call Butterfly
CBUTCBUT-E1-X1_X2_X3Long call butterfly: +1 / −2 / +1 across three ascending call strikes.
Net debit. Maximum profit at the middle strike at expiry. Limited risk and limited reward.
Pick an expiry and 3 strikes to build the combo.
Long call butterfly: +1 / −2 / +1 across three ascending call strikes.
Net debit. Maximum profit at the middle strike at expiry. Limited risk and limited reward.
Pick an expiry and 3 strikes to build the combo.