Long Call Butterfly
Buy a call butterfly to profit from the underlying expiring near a specific strike.
Outlook : Neutral with low volatility; precise price target
Profit : Limited; occurs at the middle strike
Loss : Limited to the net premium paid
| Leg | Trade | Option | Lots | Strike |
|---|---|---|---|---|
| L1 | BUY | CALL | 1x | ATM - 4 |
| L2 | SELL | CALL | 2x | ATM |
| L3 | BUY | CALL | 1x | ATM + 4 |
ATM - 4ATMATM + 4Entry
Exit
09:2015:15Entry Presets
| Preset | Entry | Strikes |
|---|
Exit Presets
| Preset | Exit | SL | TP | |
|---|---|---|---|---|
| Firebrick | 15:15 | 0 % | 0 % | |
| Firebrick | 15:15 | 20 % | 0 % | |
| Firebrick | 15:15 | 0 % | 20 % | |
| Firebrick | 15:15 | 20 % | 20 % | |
| Firebrick | After 14:30 15:15 | 20 % | 20 % |