Butterfly Spread Analyzer - Finance, Trading, and Wealth Management

Butterfly Spread Calculator

Calculate the potential profit, loss, and break-even points for a standard butterfly options spread. This tool assumes all options have the same underlying asset and expiration date.

Spread Type:

Lower Strike Price ($):

Middle Strike Price ($):

Upper Strike Price ($):

Premium for Lower Strike Option ($):

Premium for Middle Strike Option ($):

Premium for Upper Strike Option ($):

Number of Contracts (sets) Traded:

Assumed Stock Price at Expiration ($):

Butterfly Spread Analysis Results

Metric	Value
Total Net Debit/Credit
Maximum Profit
Maximum Loss
Lower Break-Even Point
Upper Break-Even Point
Profit/Loss at Expiration Price

Note: This calculator assumes a classic butterfly spread with equidistant strikes. It does not account for commissions or taxes.