Iron Butterfly (ATM Credit Spread)

Hypothetical Options Strategy - As of 2026-03-06 Black-Scholes Model

Credit Received

$252,554.03

Cost to Close

$276,323.58

Total P&L

$-23,769.55

Return

-9.41%

Positions

Positions by Stock (8 stocks, 15 entries)

CINF Cincinnati Financial Corporati Financials 📈 📊 🔍

Current: $164.43

Credit: $27,208.46 Value: $22,812.33 P&L: $+4,396.13 (+0.0%)

Entry	Date	Held	Stock Price	Strikes (ATM/Wings)	Breakeven (Low/High)	Contracts	Credit	P&L	Expiry
#1	2026-02-25 consolidating	9d	$163.75 Now +0.4%	$163.75 (ATM) $156 / $172	$157.73 $169.77	23	$13,849.21	$+831.33 (+6.0%) Black-Scholes	21d In Zone
#2	2026-02-12 consolidating	22d	$165.11 Now -0.4%	$165.11 (ATM) $157 / $173	$159.04 $171.18	22	$13,359.25	$+3,564.81 (+26.7%) Black-Scholes	8d In Zone

AIG American International Group, Financials 📈 📊 🔍

Current: $78.02

Credit: $28,344.21 Value: $26,691.65 P&L: $+1,652.55 (+0.0%)

Entry	Date	Held	Stock Price	Strikes (ATM/Wings)	Breakeven (Low/High)	Contracts	Credit	P&L	Expiry
#1	2026-02-10 consolidating	24d	$75.00 Now +4.0%	$75.00 (ATM) $71 / $79	$72.22 $77.78	102	$28,344.21	$+1,652.55 (+5.8%) Black-Scholes	6d Outside

PRU Prudential Financial, Inc. Financials 📈 📊 🔍

Current: $96.68

Credit: $28,758.43 Value: $33,642.83 P&L: $-4,884.40 (+0.0%)

Entry	Date	Held	Stock Price	Strikes (ATM/Wings)	Breakeven (Low/High)	Contracts	Credit	P&L	Expiry
#1	2026-02-19 consolidating	15d	$102.71 Now -5.9%	$102.71 (ATM) $98 / $108	$98.88 $106.54	25	$9,583.99	$-620.80 (-6.5%) Black-Scholes	15d Outside
#2	2026-02-13 consolidating	21d	$104.61 Now -7.6%	$104.61 (ATM) $99 / $110	$100.71 $108.51	25	$9,754.76	$-1,903.31 (-19.5%) Black-Scholes	9d Outside
#3	2026-02-11 consolidating	23d	$105.26 Now -8.2%	$105.26 (ATM) $100 / $111	$101.34 $109.18	24	$9,419.68	$-2,360.29 (-25.1%) Black-Scholes	7d Outside

MTB M&T Bank Corporation Financials 📈 📊 🔍

Current: $210.85

Credit: $29,377.45 Value: $33,812.36 P&L: $-4,434.91 (+0.0%)

Entry	Date	Held	Stock Price	Strikes (ATM/Wings)	Breakeven (Low/High)	Contracts	Credit	P&L	Expiry
#1	2026-02-26 consolidating	8d	$225.35 Now -6.4%	$225.35 (ATM) $214 / $237	$216.84 $233.86	12	$10,213.41	$-787.37 (-7.7%) Black-Scholes	22d Outside
#2	2026-02-20 consolidating	14d	$232.52 Now -9.3%	$232.52 (ATM) $221 / $244	$223.74 $241.30	11	$9,661.00	$-1,888.75 (-19.6%) Black-Scholes	16d Outside
#3	2026-02-13 consolidating	21d	$228.71 Now -7.8%	$228.71 (ATM) $217 / $240	$220.07 $237.35	11	$9,503.03	$-1,758.79 (-18.5%) Black-Scholes	9d Outside

JPM JP Morgan Chase & Co. Financials 📈 📊 🔍

Current: $287.98

Credit: $31,030.39 Value: $34,910.42 P&L: $-3,880.03 (+0.0%)

Entry	Date	Held	Stock Price	Strikes (ATM/Wings)	Breakeven (Low/High)	Contracts	Credit	P&L	Expiry
#1	2026-02-20 consolidating	14d	$310.79 Now -7.3%	$310.79 (ATM) $295 / $326	$298.86 $322.72	13	$15,514.99	$-1,476.01 (-9.5%) Black-Scholes	16d Outside
#2	2026-02-11 consolidating	23d	$310.82 Now -7.3%	$310.82 (ATM) $295 / $326	$298.89 $322.75	13	$15,515.41	$-2,404.02 (-15.5%) Black-Scholes	7d Outside

RF Regions Financial Corporation Financials 📈 📊 🔍

Current: $27.04

Credit: $35,594.36 Value: $41,947.88 P&L: $-6,353.52 (+0.0%)

Entry	Date	Held	Stock Price	Strikes (ATM/Wings)	Breakeven (Low/High)	Contracts	Credit	P&L	Expiry
#1	2026-02-13 consolidating	21d	$29.74 Now -9.1%	$29.74 (ATM) $28 / $31	$28.58 $30.90	306	$35,594.36	$-6,353.52 (-17.8%) Black-Scholes	9d Outside

BAC Bank of America Corporation Financials 📈 📊 🔍

Current: $48.31

Credit: $36,006.92 Value: $41,526.14 P&L: $-5,519.21 (+0.0%)

Entry	Date	Held	Stock Price	Strikes (ATM/Wings)	Breakeven (Low/High)	Contracts	Credit	P&L	Expiry
#1	2026-02-26 consolidating	8d	$52.30 Now -7.6%	$52.30 (ATM) $50 / $55	$50.25 $54.35	87	$17,850.65	$-1,380.77 (-7.7%) Black-Scholes	22d Outside
#2	2026-02-11 consolidating	23d	$53.85 Now -10.3%	$53.85 (ATM) $51 / $57	$51.74 $55.96	86	$18,156.27	$-4,138.44 (-22.8%) Black-Scholes	7d Outside

TFC Truist Financial Corporation Financials 📈 📊 🔍

Current: $46.42

Credit: $36,233.80 Value: $40,979.98 P&L: $-4,746.18 (+0.0%)

Entry	Date	Held	Stock Price	Strikes (ATM/Wings)	Breakeven (Low/High)	Contracts	Credit	P&L	Expiry
#1	2026-02-26 consolidating	8d	$51.50 Now -9.9%	$51.50 (ATM) $49 / $54	$49.48 $53.52	179	$36,233.80	$-4,746.18 (-13.1%) Black-Scholes	22d Outside