STRATEGY EXPLAINER · 2:24
Christmas Tree Spread Strategy Explainer Video
The long Christmas Tree Spread is a butterfly variation using a 1:3:2 option ratio. The call version buys one lower-strike call, sells three middle-strike calls and buys two upper-strike calls. Its uneven strike spacing creates an asymmetric profit peak.
Research multi-leg option trades
Explore multi-leg option trades on Market Chameleon alongside your own analysis.
Full screening features may require a paid subscription. Market data is delayed.
