Skip Strike Put Butterfly Calculator & Visualizer

The basis of skipping a strike just refers to one of your strikes being unequal in distance for the skip strike put butterfly the trade has a setup of buying 1 otm put, selling two otm puts (but less otm than the first long put), then 1 closer to at the money long put.

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Option Contracts

Long Put

Short Put (x2)

Long Put


No equity included

Estimated Returns

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