← Back to Templates


Short Albatross Spread
Description

Reversing the long albatross produces a credit position with wide strike spacing: sell the lowest strike, buy the two middle strikes that sit far apart, and sell the highest, all in one expiration. The credit is kept when the underlying finishes outside the two inner strikes, and the loss is capped in the wide middle band.
Because all four legs are balanced in quantity, gain and loss are both fixed by the strike widths. On demand bid, ask and previous close price each contract against the underlying's last trade.
Template Screenshots

Get Access to 1 Billion Usable Market data points IN YOUR EXCEL SHEETS WITH EASY TO USE EXCEL FUNCTIONS
Get started today
▶
How does MarketXLS work? Watch Demo
Similar Templates
No similar templates found