Long Call Butterfly
Precision strategy profiting from minimal movement.
Advanced
Market Outlook
neutral
Family
multi-leg
Capital Req
medium
Risk Profile
low
Strategy Overview
Key characteristics and when to use
Structure
Buy Call + Sell 2 Calls + Buy Call
Greek Profile
Delta neutral at setup, positive theta, negative vega
Characteristics
DebitNeutralAdvancedPrecision
Profit & Loss Formulas
Mathematical breakdown
Max Profit
Wing width - net debit paid
Max Loss
Net debit paid
Breakeven
Middle strike ± net debit paid