Vega trader

Vega trader

Opening a 14 DTE iron butterfly on ES.
Orders (4)
Operation Option type Strike Price Amount
SELL CALL 7560 78.45 10
SELL PUT 7560 70.95 10
BUY CALL 7710 16.03 10
BUY PUT 7410 31.55 10

Profit/Loss chart

At expiration Mark-to-market (model)
$-36090.00$-23715.00$-11340.00$1035.00$13410.00$25785.00$38160.00$50535.00$62910.00 $6170.10$6483.97$6797.83$7111.70$7425.57$7739.43$8053.30$8367.17$8681.03$8994.90 $7458.18$7661.82
5% 150%
0 15

The smooth curve uses Black–Scholes (European-style, flat rate); adjust IV and time to explore sensitivity. Does not model dividends or early exercise.

1% 100%
Increases or decreases the price range on the chart for better overview
TradingView chart
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