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Butterfly Calculator

A butterfly spread provides potentially high returns at a specific strike price (the body, or middle leg of the butterfly). Maximum risk is limited.

Underlying

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Lower wing

 
20th Sep 2024 $400 Put Select option Select
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Middle

 
20th Sep 2024 $380 Put Select option Select
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Upper wing

 
20th Sep 2024 $370 Put Select option Select
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Calculate
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More output options
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Estimated returns