The long call butterfly strategy has a setup purchasing 2 call options, 1 in the money and 1 out the money, while selling 2 at the money call options with the same strike price. This strategy has limited upside and also limited risk, the max profit is the difference between the short strike and the itm long strike, plus the cost of the trade.
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Option Contracts
Long Call
Short Call (x2)
Long Call
Equity - Long
100 shares
Estimated Returns
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