Put Butterfly
PBUTPBUT-E1-X1_X2_X3Long put butterfly: +1 / −2 / +1 across three ascending put strikes.
Same payoff shape as call butterfly, built with puts.
Pick an expiry and 3 strikes to build the combo.
Long put butterfly: +1 / −2 / +1 across three ascending put strikes.
Same payoff shape as call butterfly, built with puts.
Pick an expiry and 3 strikes to build the combo.