Iron Butterfly (ATM Credit Spread)

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

Credit Received

$235,631.67

Cost to Close

$238,783.91

Total P&L

$-3,152.24

Return

-1.34%

Positions

Positions by Stock (8 stocks, 14 entries)

BMY Bristol-Myers Squibb Company Healthcare 📈 📊 🔍

Current: $59.90

Credit: $27,521.98 Value: $26,015.52 P&L: $+1,506.47 (+0.0%)

Entry	Date	Held	Stock Price	Strikes (ATM/Wings)	Breakeven (Low/High)	Contracts	Credit	P&L	Expiry
#1	2026-03-03 consolidating	3d	$61.22 Now -2.2%	$61.22 (ATM) $58 / $64	$58.97 $63.47	61	$13,715.40	$+49.38 (+0.4%) Black-Scholes	27d In Zone
#2	2026-02-20 consolidating	14d	$60.66 Now -1.3%	$60.66 (ATM) $58 / $64	$58.43 $62.89	62	$13,806.59	$+1,457.09 (+10.6%) Black-Scholes	16d In Zone

ZTS Zoetis Inc. Healthcare 📈 📊 🔍

Current: $120.49

Credit: $27,345.55 Value: $27,140.43 P&L: $+205.12 (+0.0%)

Entry	Date	Held	Stock Price	Strikes (ATM/Wings)	Breakeven (Low/High)	Contracts	Credit	P&L	Expiry
#1	2026-02-19 consolidating	15d	$127.28 Now -5.3%	$127.28 (ATM) $121 / $134	$122.60 $131.96	19	$8,883.18	$-452.47 (-5.1%) Black-Scholes	15d Outside
#2	2026-02-17 consolidating	17d	$125.56 Now -4.0%	$125.56 (ATM) $119 / $132	$120.94 $130.18	20	$9,230.22	$+260.89 (+2.8%) Black-Scholes	13d Outside
#3	2026-02-12 consolidating	22d	$125.64 Now -4.1%	$125.64 (ATM) $119 / $132	$121.02 $130.26	20	$9,232.15	$+396.70 (+4.3%) Black-Scholes	8d Outside

ZBH Zimmer Biomet Holdings, Inc. Healthcare 📈 📊 🔍

Current: $93.59

Credit: $28,884.17 Value: $30,069.32 P&L: $-1,185.14 (+0.0%)

Entry	Date	Held	Stock Price	Strikes (ATM/Wings)	Breakeven (Low/High)	Contracts	Credit	P&L	Expiry
#1	2026-02-27 consolidating	7d	$98.44 Now -4.9%	$98.44 (ATM) $94 / $103	$94.78 $102.10	79	$28,884.17	$-1,185.14 (-4.1%) Black-Scholes	23d Outside

CI The Cigna Group Healthcare 📈 📊 🔍

Current: $272.94

Credit: $27,728.98 Value: $29,016.80 P&L: $-1,287.82 (+0.0%)

Entry	Date	Held	Stock Price	Strikes (ATM/Wings)	Breakeven (Low/High)	Contracts	Credit	P&L	Expiry
#1	2026-03-04 consolidating	2d	$284.74 Now -4.1%	$284.74 (ATM) $270 / $299	$274.15 $295.33	13	$13,767.19	$-486.12 (-3.5%) Black-Scholes	28d Outside
#2	2026-02-26 consolidating	8d	$288.82 Now -5.5%	$288.82 (ATM) $274 / $303	$278.08 $299.56	13	$13,961.78	$-801.71 (-5.7%) Black-Scholes	22d Outside

BSX Boston Scientific Corporation Healthcare 📈 📊 🔍

Current: $71.45

Credit: $29,738.83 Value: $30,837.99 P&L: $-1,099.16 (+0.0%)

Entry	Date	Held	Stock Price	Strikes (ATM/Wings)	Breakeven (Low/High)	Contracts	Credit	P&L	Expiry
#1	2026-02-24 consolidating	10d	$75.15 Now -4.9%	$75.15 (ATM) $71 / $79	$72.33 $77.97	53	$14,952.84	$-401.25 (-2.7%) Black-Scholes	20d Outside
#2	2026-02-19 consolidating	15d	$75.72 Now -5.6%	$75.72 (ATM) $72 / $80	$72.88 $78.56	52	$14,785.99	$-697.91 (-4.7%) Black-Scholes	15d Outside

CAH Cardinal Health, Inc. Healthcare 📈 📊 🔍

Current: $220.10

Credit: $30,824.13 Value: $28,139.24 P&L: $+2,684.90 (+0.0%)

Entry	Date	Held	Stock Price	Strikes (ATM/Wings)	Breakeven (Low/High)	Contracts	Credit	P&L	Expiry
#1	2026-03-03 consolidating	3d	$226.35 Now -2.8%	$226.35 (ATM) $215 / $238	$217.80 $234.90	18	$15,392.41	$-43.16 (-0.3%) Black-Scholes	27d In Zone
#2	2026-02-12 consolidating	22d	$215.06 Now +2.3%	$215.06 (ATM) $204 / $226	$206.94 $223.18	19	$15,431.73	$+2,728.06 (+17.7%) Black-Scholes	8d In Zone

GEHC GE HealthCare Technologies Inc Healthcare 📈 📊 🔍

Current: $75.37

Credit: $31,034.43 Value: $33,657.68 P&L: $-2,623.25 (+0.0%)

Entry	Date	Held	Stock Price	Strikes (ATM/Wings)	Breakeven (Low/High)	Contracts	Credit	P&L	Expiry
#1	2026-02-13 consolidating	21d	$80.34 Now -6.2%	$80.34 (ATM) $76 / $84	$77.30 $83.38	102	$31,034.43	$-2,623.25 (-8.5%) Black-Scholes	9d Outside

MRK Merck & Company, Inc. Healthcare 📈 📊 🔍

Current: $115.02

Credit: $32,553.59 Value: $33,906.93 P&L: $-1,353.34 (+0.0%)

Entry	Date	Held	Stock Price	Strikes (ATM/Wings)	Breakeven (Low/High)	Contracts	Credit	P&L	Expiry
#1	2026-03-02 consolidating	4d	$121.41 Now -5.3%	$121.41 (ATM) $115 / $127	$116.76 $126.06	70	$32,553.59	$-1,353.34 (-4.2%) Black-Scholes	26d Outside