Butterfly Spread Optimizer

Options Advanced NIFTY Options BANKNIFTY Options FINNIFTY Options Stock Options

Neutral - expecting price to settle at specific target by expiry

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Quick Reference

Strategy Type	Non-Directional / Precision Targeting
Market Outlook	Neutral - expecting price to settle at specific target by expiry
Risk Profile	Limited to net debit paid
Reward Profile	Limited but high reward-to-risk ratio at optimal point
Time Horizon	Typically 7-30 days to expiry
Capital Requirement	Low (₹3,000 - ₹15,000 per lot for NIFTY)
Margin Type	Debit spread - no additional margin beyond premium paid
Best Used When	High conviction on specific price target, low expected volatility, elevated IV making wings cheap, expiry week precision plays

High conviction on specific price target, low expected volatility, elevated IV making wings cheap, expiry week precision plays

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