Live Butterfly Prices
The butterfly sheet shows the live price of every 1:2:1 call butterfly and put butterfly on the option chain at once. Each row is a centre strike, each column a wing width, and every cell updates as the market moves.
| Shows | Net price of 1:2:1 call and put butterflies |
| Grid | Rows = centre strike, columns = wing width (e.g. 50 to 500 points on NIFTY) |
| Pricing | Live bid and ask of every leg; buy and sell prices |
| Instruments | NIFTY, BANKNIFTY, SENSEX, FINNIFTY, MIDCPNIFTY, BANKEX; current and next NIFTY and SENSEX expiries |
| Updates | Streams live during market hours |
| Open it | quintalmind.com/sheets |
What a cell means
A cell at strike K and wing W is the butterfly:
- Buy 1 option at K − W
- Sell 2 options at K
- Buy 1 option at K + W
The call table uses calls and the put table uses puts.
- Buy value: buy the two wings at their ask price and sell two of the centre at its bid price.
- Sell value: the reverse trade. Sell the two wings at their bid price and buy two of the centre at its ask price.
Because the prices use bid and ask instead of the last traded price, the gap between the buy and sell values shows how much it costs to cross the spread.
- Buy 123900CE
- Sell 224000CE
- Buy 124100CE
Value of these legs at expiry across spot prices, in points, before premiums. It shows the shape of the structure only; the live sheet shows the actual net price.
How to use it
- Sign in at quintalmind.com with your broker and open Sheets.
- Pick a symbol in the left panel.
- Use the arrows on each table to move the strike window up or down. Use the − and + buttons to change the range of wing widths.
- Click a cell to see its three legs, an intraday chart of that butterfly's price, the margin and the charges.
- Double-click a cell to mark it so you can keep an eye on it.
- Set an alert on a cell to be notified when its price crosses a level.
If you signed in with Zerodha, Alice Blue or FYERS, the leg popup also shows Buy and Sell buttons that open the legs as a basket on your broker's own page. Quintal Mind does not place the order.
Related
- Combo butterfly prices a call butterfly and a put butterfly together.
- Vol surface shows the implied volatility behind these prices.
FAQ
Where can I watch live NIFTY butterfly prices?
On the Quintal Mind Sheets page. The whole grid of strikes and wing widths updates live.
Are the prices based on LTP or bid and ask?
Bid and ask. The buy value takes the ask price on the legs you buy and the bid price on the legs you sell. The sell value does the same for the reverse trade.
Which indices are covered?
NIFTY, BANKNIFTY, SENSEX, FINNIFTY, MIDCPNIFTY and BANKEX, including the next NIFTY and SENSEX expiries.
Quintal Mind shows market data and analytics for information only. Nothing here is investment advice, and Quintal Mind does not place orders.