Long Call Butterfly
A long call butterfly is an options strategy that is created by purchasing a call option at a lower strike price, selling two call options at a middle strike price, and purchasing another call option at a higher strike price, all with the same expiration date. This strategy is used when an investor believes that the underlying asset will stay within a certain price range until the options expire.
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Options
| Action | Qty | Expiration Date | Strike | Type | Price | Delta | IV | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GOOG | GOOG Leg 1 |
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Strike
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| GOOG | GOOG Leg 2 |
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Expiration Date
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Type
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| GOOG | GOOG Leg 3 |
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Qty
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Trade Information
Long Call Butterfly
BUY +1 GOOG Dec 11, 2026 310.00 call @$5.43
SELL -2 GOOG Dec 11, 2026 300.00 call @$8.98
BUY +1 GOOG Dec 11, 2026 285.00 call @$17.43
Stock
GOOG Current Price
$297.40 USD
GOOG Breakeven Price
Above $289.90 (-2.52%)
Trade Details
Cost of Trade
$490.00 USD
Maximum Profit
$1,001.67
Maximum Loss
-$490.00
CVaR
Probability Analysis
Probability of Profit (PoP)
Probability of Max Profit
Probability of Max Loss
Risk Reward Analysis
Expected Value (EV)
Expected Return (EV/risk)
Reward/Risk
Position Greeks
Delta (Δ)
Gamma (Γ)
Theta (Θ)
Vega (ν)