Iron Butterfly (ATM Credit Spread)

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

Credit Received
$190,720.71
Cost to Close
$192,236.35
Total P&L
$-1,515.64
Return
-0.79%
Positions
11

Strategy Parameters

Positions by Stock (5 stocks, 11 entries)

UDR UDR, Inc. Real Estate 📈 📊 🔍
Current: $37.11
Credit: $27,457.28 Value: $25,334.44 P&L: $+2,122.85 (+0.0%)
Entry Date Held Stock Price Strikes
(ATM/Wings)		 Breakeven
(Low/High)		 Contracts Credit P&L Expiry
#1 2026-03-05
consolidating		 1d $37.67
Now -1.5%		 $37.67 (ATM)
$36 / $40		 $36.29
$39.05		 66 $9,118.42 $+1.87
(+0.0%)
Black-Scholes 		29d
In Zone
#2 2026-02-18
consolidating		 16d $38.25
Now -3.0%		 $38.25 (ATM)
$36 / $40		 $36.85
$39.65		 65 $9,121.91 $+687.74
(+7.5%)
Black-Scholes 		14d
In Zone
#3 2026-02-13
consolidating		 21d $38.09
Now -2.6%		 $38.09 (ATM)
$36 / $40		 $36.69
$39.49		 66 $9,216.96 $+1,433.23
(+15.5%)
Black-Scholes 		9d
In Zone
HST Host Hotels & Resorts, Inc. Real Estate 📈 📊 🔍
Current: $19.09
Credit: $37,378.79 Value: $37,524.42 P&L: $-145.63 (+0.0%)
Entry Date Held Stock Price Strikes
(ATM/Wings)		 Breakeven
(Low/High)		 Contracts Credit P&L Expiry
#1 2026-03-05
consolidating		 1d $19.96
Now -4.3%		 $19.96 (ATM)
$19 / $21		 $19.17
$20.75		 236 $18,610.98 $-432.69
(-2.3%)
Black-Scholes 		29d
Outside
#2 2026-02-24
consolidating		 10d $19.89
Now -4.0%		 $19.89 (ATM)
$19 / $21		 $19.11
$20.67		 240 $18,767.81 $+287.06
(+1.5%)
Black-Scholes 		20d
Outside
AMT American Tower Corporation (RE Real Estate 📈 📊 🔍
Current: $188.72
Credit: $37,012.59 Value: $36,879.82 P&L: $+132.77 (+0.0%)
Entry Date Held Stock Price Strikes
(ATM/Wings)		 Breakeven
(Low/High)		 Contracts Credit P&L Expiry
#1 2026-03-05
consolidating		 1d $187.64
Now +0.6%		 $187.64 (ATM)
$178 / $197		 $180.24
$195.04		 50 $37,012.59 $+132.77
(+0.4%)
Black-Scholes 		29d
In Zone
CCI Crown Castle Inc. Real Estate 📈 📊 🔍
Current: $90.73
Credit: $37,482.08 Value: $40,751.87 P&L: $-3,269.79 (+0.0%)
Entry Date Held Stock Price Strikes
(ATM/Wings)		 Breakeven
(Low/High)		 Contracts Credit P&L Expiry
#1 2026-03-02
consolidating		 4d $89.53
Now +1.3%		 $89.53 (ATM)
$85 / $94		 $85.99
$93.07		 53 $18,772.18 $+274.77
(+1.5%)
Black-Scholes 		26d
In Zone
#2 2026-02-09
consolidating		 25d $83.08
Now +9.2%		 $83.08 (ATM)
$79 / $87		 $79.80
$86.36		 57 $18,709.91 $-3,544.56
(-18.9%)
Black-Scholes 		5d
Outside
ARE Alexandria Real Estate Equitie Real Estate 📈 📊 🔍
Current: $50.57
Credit: $51,389.97 Value: $51,745.81 P&L: $-355.84 (+0.0%)
Entry Date Held Stock Price Strikes
(ATM/Wings)		 Breakeven
(Low/High)		 Contracts Credit P&L Expiry
#1 2026-03-04
consolidating		 2d $53.58
Now -5.6%		 $53.58 (ATM)
$51 / $56		 $51.33
$55.83		 76 $17,065.33 $-282.16
(-1.7%)
Black-Scholes 		28d
Outside
#2 2026-02-25
consolidating		 9d $54.06
Now -6.5%		 $54.06 (ATM)
$51 / $57		 $51.80
$56.32		 76 $17,197.37 $-140.21
(-0.8%)
Black-Scholes 		21d
Outside
#3 2026-02-23
consolidating		 11d $53.75
Now -5.9%		 $53.75 (ATM)
$51 / $56		 $51.50
$56.00		 76 $17,127.26 $+66.53
(+0.4%)
Black-Scholes 		19d
Outside