Iron Butterfly (ATM Credit Spread)

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

Credit Received

$262,205.00

Cost to Close

$263,256.22

Total P&L

$-1,051.22

Return

-0.40%

Positions

Positions by Stock (8 stocks, 11 entries)

V Visa Inc. Technology 📈 📊 🔍

Current: $314.64

Credit: $25,990.82 Value: $24,831.88 P&L: $+1,158.94 (+0.0%)

Entry	Date	Held	Stock Price	Strikes (ATM/Wings)	Breakeven (Low/High)	Contracts	Credit	P&L	Expiry
#1	2026-02-26 consolidating	8d	$316.70 Now -0.7%	$316.70 (ATM) $301 / $333	$305.10 $328.30	11	$12,763.93	$+671.83 (+5.3%) Black-Scholes	22d In Zone
#2	2026-02-10 consolidating	24d	$328.17 Now -4.1%	$328.17 (ATM) $312 / $345	$316.15 $340.19	11	$13,226.88	$+487.10 (+3.7%) Black-Scholes	6d Outside

MSFT Microsoft Corporation Technology 📈 📊 🔍

Current: $410.65

Credit: $27,558.30 Value: $28,553.11 P&L: $-994.82 (+0.0%)

Entry	Date	Held	Stock Price	Strikes (ATM/Wings)	Breakeven (Low/High)	Contracts	Credit	P&L	Expiry
#1	2026-02-27 consolidating	7d	$392.74 Now +4.6%	$392.74 (ATM) $373 / $412	$378.24 $407.24	19	$27,558.30	$-994.82 (-3.6%) Black-Scholes	23d Outside

MA Mastercard Incorporated Technology 📈 📊 🔍

Current: $516.43

Credit: $30,140.75 Value: $27,459.95 P&L: $+2,680.80 (+0.0%)

Entry	Date	Held	Stock Price	Strikes (ATM/Wings)	Breakeven (Low/High)	Contracts	Credit	P&L	Expiry
#1	2026-02-26 consolidating	8d	$514.77 Now +0.3%	$514.77 (ATM) $489 / $541	$495.22 $534.32	5	$9,773.44	$+456.08 (+4.7%) Black-Scholes	22d In Zone
#2	2026-02-11 consolidating	23d	$537.46 Now -3.9%	$537.46 (ATM) $511 / $564	$517.05 $557.87	5	$10,203.00	$+875.94 (+8.6%) Black-Scholes	7d Outside
#3	2026-02-09 consolidating	25d	$535.33 Now -3.5%	$535.33 (ATM) $509 / $562	$515.00 $555.66	5	$10,164.31	$+1,348.77 (+13.3%) Black-Scholes	5d In Zone

UBER Uber Technologies, Inc. Technology 📈 📊 🔍

Current: $75.18

Credit: $32,058.63 Value: $30,040.16 P&L: $+2,018.47 (+0.0%)

Entry	Date	Held	Stock Price	Strikes (ATM/Wings)	Breakeven (Low/High)	Contracts	Credit	P&L	Expiry
#1	2026-02-19 consolidating	15d	$72.94 Now +3.1%	$72.94 (ATM) $69 / $77	$70.15 $75.73	115	$32,058.63	$+2,018.47 (+6.3%) Black-Scholes	15d In Zone

AAPL Apple Inc. Technology 📈 📊 🔍

Current: $256.86

Credit: $32,385.30 Value: $29,746.81 P&L: $+2,638.49 (+0.0%)

Entry	Date	Held	Stock Price	Strikes (ATM/Wings)	Breakeven (Low/High)	Contracts	Credit	P&L	Expiry
#1	2026-02-18 consolidating	16d	$264.35 Now -2.8%	$264.35 (ATM) $251 / $278	$254.23 $274.47	32	$32,385.30	$+2,638.49 (+8.1%) Black-Scholes	14d In Zone

ADBE Adobe Inc. Technology 📈 📊 🔍

Current: $280.20

Credit: $37,228.07 Value: $41,216.79 P&L: $-3,988.72 (+0.0%)

Entry	Date	Held	Stock Price	Strikes (ATM/Wings)	Breakeven (Low/High)	Contracts	Credit	P&L	Expiry
#1	2026-02-24 consolidating	10d	$255.17 Now +9.8%	$255.17 (ATM) $242 / $268	$245.11 $265.23	37	$37,228.07	$-3,988.72 (-10.7%) Black-Scholes	20d Outside

ADP Automatic Data Processing, Inc Technology 📈 📊 🔍

Current: $224.42

Credit: $38,224.98 Value: $38,171.87 P&L: $+53.10 (+0.0%)

Entry	Date	Held	Stock Price	Strikes (ATM/Wings)	Breakeven (Low/High)	Contracts	Credit	P&L	Expiry
#1	2026-02-25 consolidating	9d	$214.25 Now +4.7%	$214.25 (ATM) $204 / $225	$205.76 $222.74	45	$38,224.98	$+53.10 (+0.1%) Black-Scholes	21d Outside

CDW CDW Corporation Technology 📈 📊 🔍

Current: $124.35

Credit: $38,618.17 Value: $43,235.64 P&L: $-4,617.47 (+0.0%)

Entry	Date	Held	Stock Price	Strikes (ATM/Wings)	Breakeven (Low/High)	Contracts	Credit	P&L	Expiry
#1	2026-02-11 consolidating	23d	$134.97 Now -7.9%	$134.97 (ATM) $128 / $142	$129.61 $140.33	72	$38,618.17	$-4,617.47 (-12.0%) Black-Scholes	7d Outside