Iron Butterfly Sweeper

An iron butterfly is a defined-risk neutral options strategy with both short legs at the same at-the-money strike. Sell an ATM put + ATM call at the same strike, buy long wings out-of-the-money to cap risk. Higher credit than a condor, but a narrower profit zone. Best when implied volatility is high and you expect the underlying to stay pinned near the center strike. This sweeper applies stricter liquidity gates because butterflies have 4 legs and are cost-sensitive.

⚡ Polygon Options Starter · refreshed every 5 minutes · delayed during market hours

Strike + DTE

DTE min

DTE max

Short |Δ| min

Short |Δ| max

Wing mode

Long |Δ| min

Long |Δ| max

Fixed wing $

Wing % spot

Quality + Risk

Min POP %

Min IV Rank

Min credit/width %

Min short OI

Max spread % mid

Exclude tickers with earnings before expiration Strict ex-dividend assignment-risk filter

Scan scope

Max tickers

Scan ALL ~450 tickers (full universe, ~3-5 min)

Universe spans every major options-liquid ETF + 150 large-cap stocks. Default scans top 250 tickers in batches of 4.

#	Ticker	Exp / DTE	Legs (LP/SP · SC/LC)	Credit	Max loss	Break-evens	POP	Ann ROR	IVR	OI	Spread	Warn	Score
Click Scan butterflies to find iron butterfly opportunities across 140+ liquid US tickers.

Important: Iron butterflies are defined-risk but not low-risk. Max loss = wing width − credit. US equity/ETF options are American-style, so short legs can be assigned early — especially around ex-dividend dates. Always confirm executable prices and assignment risk with your broker before trading. Educational screening only, not a trade recommendation.