Reverse Iron Butterfly Calculator & Visualizer

The reverse iron butterfly has a setup of selling 1 otm put and 1 otm call, while buying 1 atm put and 1 atm call. This trade will be a net debit, which is where the reverse comes from, as an iron condor is typically a net credit.

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Option Contracts

Short Put

Long Put

Long Call

Short Call


No equity included

Estimated Returns

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