Skip Strike Butterfly
Butterfly variation with non-consecutive strikes.
Expert
Market Outlook
neutral
Family
multi-leg
Capital Req
medium
Risk Profile
low
Strategy Overview
Key characteristics and when to use
Structure
Butterfly with Non-Consecutive Strikes
Greek Profile
Modified delta neutral, positive theta
Characteristics
DebitNeutralExpertModified
Profit & Loss Formulas
Mathematical breakdown
Max Profit
Complex (skip strike dependent)
Max Loss
Net debit paid
Breakeven
Modified based on skip strikes