Short Call Butterfly Option Screener
[Directional | Limited Profit | Limited Loss] The short call butterfly options spread anticipates volatility to rise and the underlying security to move significantly in either direction. The short call butterfly option strategy involves selling a call option, buying 2 call options and selling a call option all at equidistant upper strike prices. The short call butterfly strategy is a combination of a bear call and a bull call spread. Maximum profit is the difference between the premium received for the short calls minus the premium paid for the long calls (Net Credit). Maximum loss is the difference between the center and outer strike values minus the Net Credit. The short call butterfly strategy succeeds if the underlying security breaks through the range, trading below the downside breakeven (lower strike + Net Credit) or above the upside breakeven (upper strike - Net Credit) at expiration. Maximum profit is achieved if the underlying security is outside either of the outer strike prices at expiration. [Learn More] [Watch on YouTube].
Tue, Apr 29th, 2025
Filter
Order
Security Type
Volume Leg 1
Total Leg 1 options traded for the day.
Range:
to
Very Low
0 - 100
Low
100 - 250
Medium
250 - 500
High
500 - 1000
Very High
above 1000
Open Interest Leg 1
Open Interest for the Leg 1 option.
Range:
to
Very Low
0 - 100
Low
100 - 250
Medium
250 - 500
High
500 - 1000
Very High
above 1000
Volume Leg 2
Total Leg 2 options traded for the day.
Range:
to
Very Low
0 - 100
Low
100 - 250
Medium
250 - 500
High
500 - 1000
Very High
above 1000
Open Interest Leg 2
Open Interest for the Leg 2 option.
Range:
to
Very Low
0 - 100
Low
100 - 250
Medium
250 - 500
High
500 - 1000
Very High
above 1000
Volume Leg 3
Total Leg 3 options traded for the day.
Range:
to
Very Low
0 - 100
Low
100 - 250
Medium
250 - 500
High
500 - 1000
Very High
above 1000
Open Interest Leg 3
Open Interest for the Leg 3 option.
Range:
to
Very Low
0 - 100
Low
100 - 250
Medium
250 - 500
High
500 - 1000
Very High
above 1000
Moneyness Leg 2
Relative position of the underlying price to the Leg2 strike price. (Underlying Price) - (Strike Price of Leg2 Option)
Range:
to
%
%
Deep OTM
below -25%
OTM
-25% to -5%
ATM
-5% to +5%
ITM
+5% to +25%
Deep ITM
above +25%
Days to Expiration
Range:
to
< 60
60 - 100
100 - 150
150 - 200
> 200
Bid Price Leg 1
Bid price for the Leg 1 option.
Ask Price Leg 2
Ask Price for the Leg 2 option.
Bid Price Leg 3
Bid Price for the Leg 3 option.
Probability of Loss
Probability of Loss is the likelihood of this strategy losing money
%
Results:
Shared
Screener:
Screener:
Barchart Screener:
false
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