A butterfly spread with puts is an advanced options strategy that consists of three legs and total of 4 lots options. The trade involves buying one put at strike price A, selling two puts at strike price B and then buying one put at strike price C. The setup is what would happen if an investor combines the end of a long put spread and the start of a short put spread, joining them at strike price B. The Maximum loss is the debit premium.

Download this template for a one-time fee of $15 and use with your MarketXLS subscription

Instant Delivery, One time price, exclusively made for MarketXLS users

Important: This template is only recommended as a purchase if you are an existing MarketXLS Subscriber with an active license Pro Plus or Pro Plus RT plan (get your subscription here)

This template uses MarketXLS functions to pull information. Without an active MarketXLS subscription it will not be useful. Read terms before purchasing

See how MarketXLS helps you take advantage in the markets.