Your browser of choice has not been tested for use with Barchart.com. If you have issues, please download one of the browsers listed here.
Join Barchart Premier to get Screeners that run automatically with the results emailed to you! FREE 30 Day Trial
Stocks | Futures | Watchlist | More
or

Short Put Butterfly Option Screener

[Directional, Limited Risk, Limited Reward] The short put butterfly spread is a high volatility option strategy where you expect the underlying security to move in either direction. The short put butterfly option strategy involves selling a put option, buying 2 put options at a higher strike price around the price of the underlying security, and selling a put option at an equidistant higher strike price. The short put butterfly strategy is a combination of a bull put and a bear put spread. Maximum profit is the difference between the premium received for the short puts minus the premium paid for the long puts (Net Credit). Maximum loss is the difference between the center and outer strike values minus the Net Credit. The short put butterfly strategy succeeds if the underlying security breaks through the range, trading below the downside breakeven (lower strike + Net Credit) or above the upside breakeven (high strike - Net Credit) at expiration. Maximum profit is achieved if the underlying security is outside either of the outer strike prices at expiration.
Wed, Jul 24th, 2024
Want to use this as
your default charts setting?
Save this setup as a Chart Templates
Switch the Market flag
for targeted data from your country of choice.
Open the menu and switch the
Market flag for targeted data from your country of choice.
Want Streaming Chart Updates?
Switch your Site Preferences
to use Interactive Charts
Need More Chart Options?
Right-click on the chart to open the Interactive Chart menu.
Use your up/down arrows to move through the symbols.

Free Barchart Webinar