The short call butterfly strategy has a setup selling 2 call options, 1 in the money and 1 out the money, while purchasing 2 at the money call options with the same strike price. This strategy has limited upside and also limited risk, this strategy is unique has it can profit while the stock goes up or down, but max risk is if stock stays at the strike of the 2 long call options. The max profit is the net credit received.
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Long Call (x2)
Equity - Short
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