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Iron Butterfly — Live Payoff & Greeks

Live Iron Butterfly options strategy on Fin Nifty with real-time payoff diagram, breakevens, risk-reward and leg details.

Iron Butterfly

NeutralNet DebitRisk: Limited (wing width - net premium)Reward: Limited (net premium received)

Sell ATM straddle + buy OTM wings. Defined risk, max profit at ATM.

Fin Nifty · Live Spot

25,545.40

ATM Strike:25,550
Lot Size:25

Max Profit

₹-13.40

₹-335 / lot

Max Loss

₹63.40

₹1,585 / lot

Net Premium

₹-13.40

₹335 / lot

Breakeven

Risk / Reward

Live Payoff Diagram

Spot 25,54560-7024,22526,875

Chart uses live option chain premiums. Vertical indigo line = current spot; dashed amber lines = breakeven points.

Strategy Legs

#TypeSideStrikePremiumQty
1PEbuy25,50049.111
2PEsell25,55054.511
3CEsell25,55049.911
4CEbuy25,60048.931

About This Strategy

This Iron Butterfly is built around the live ATM strike of Fin Nifty. Premiums reflect current NSE option chain LTPs. Use this as an educational tool to understand the structure and risk profile before placing real trades.

Disclaimer: Educational use only. Options carry significant risk — always validate with your broker, factor in slippage and brokerage, and use proper position sizing.