Butterfly Spread Scanner

Live Butterfly Spread Scanner for Nifty, BankNifty & Sensex

Every butterfly, every strike, priced in real time — so you spot the cheapest setup at a glance.

A butterfly spread can be mispriced for seconds at a time. Building them one by one means you miss the window. Quintal Mind's butterfly scanner prices the full chain at once — ATM ±10 strikes, with live buy and sell net values side by side.

A built-in heatmap colours the cheapest and richest butterflies so the opportunity jumps out without you doing the arithmetic. Choose your ratio — 1:2:1, 1:3:2, 1:4:3 or 1:5:4 — and the whole grid recomputes live over a compressed WebSocket stream.

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What It Does

All strikes at once

Butterfly buy/sell net values across ATM ±10 strikes, updating in real time — no manual construction.

Buy and sell side by side

See the net debit to buy and the net credit to sell each butterfly in the same row.

Multiple ratios

Switch between 1:2:1, 1:3:2, 1:4:3 and 1:5:4 butterflies; the grid recomputes instantly.

Heatmap

Colour thresholds highlight the cheapest/richest butterflies so the edge is visible at a glance.

Adjustable window

Shift the strike window and offsets to focus on the wings you care about.

Cell marking

Mark cells to monitor specific butterflies and set alerts on them.

How It Works

  1. Pick a symbolNifty, BankNifty, Sensex or any supported index.
  2. Choose a ratioSelect 1:2:1 through 1:5:4 depending on the butterfly you trade.
  3. Read the heatmapThe cheapest butterflies are colour-coded across the strike grid.
  4. Mark & alertClick a cell to view the legs, mark it, and set an alert to catch your level.

Supported Markets

NiftyBankNiftySensexFinNiftyMidcpNiftyBankexPlus MCX: Gold, Silver, Crude, Natural Gas

What Traders Use It For

  • Spot a mispriced ATM butterfly the moment it appears
  • Compare butterfly cost across strikes before placing a directional or neutral bet
  • Monitor a specific butterfly into expiry with marks and alerts
  • Scan butterflies on weekly expiry for fast theta plays

Frequently Asked Questions

What is a butterfly spread scanner?

A tool that prices butterfly spreads across many strikes simultaneously so you can spot the cheapest or richest setup without building each one manually. Quintal Mind streams these values live for Nifty, BankNifty, Sensex and MCX commodities.

Which butterfly ratios are supported?

You can switch between 1:2:1, 1:3:2, 1:4:3 and 1:5:4 butterflies, and the full strike grid recomputes in real time.

Is the data real-time?

Yes — values stream over a compressed WebSocket connection and update live during market hours.

Does it cover BankNifty and Sensex too?

Yes, along with Nifty, FinNifty, MidcpNifty, Bankex and MCX commodity options.

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See Butterfly Spread Scanner Live

Real-time analytics for Nifty, BankNifty, Sensex and MCX commodities — built for spread traders.

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