Get Option Alpha 100% FREE by connecting your TradeStation or Tradier Brokerage account! Learn more.
📣 70% OFF Ends Tonight!
The all-new Alpha One membership closes at midnight! 👉 Learn more.

Put Butterfly

Approved for autotrading
A put butterfly, also known as a long butterfly, is a multi-leg, risk-defined, neutral strategy with limited profit potential. The strategy looks to take advantage of a drop in volatility, time decay, and little or no movement from the underlying asset.
No items found.
Put Butterfly
stats
Here's some
Put Butterfly
autotrading stats.
Total Active Bots
Avg. Credit Received
Avg. Entry DTE
Avg. Days In Trade
Total
Put Butterfly
trades
%
Find new trade ideas
Option Alpha calculates probabilities for millions of potential options positions using live market data so you can find new ideas without the guesswork.
MacBook mockup