EOSU Butterfly Strategy
EOSU (T-REX 2X Long EOSE Daily Target ETF), in the Financial Services sector, (Asset Management - Leveraged industry), listed on CBOE.
Under typical market conditions, this fund commits at least 80% of its total capital (including any leveraged funds) to financial vehicles. These vehicles are engineered to collectively provide daily returns equivalent to 200% of EOSE's price movement. The fund can also achieve this investment goal by either directly purchasing EOSE common shares or by acquiring call options on EOSE. Notably, its portfolio is non-diversified.
EOSU (T-REX 2X Long EOSE Daily Target ETF) trades in the Financial Services sector, specifically Asset Management - Leveraged, with a market capitalization of approximately $7,970, a beta of 9.16 versus the broader market, a 52-week range of 1.04-762.5, average daily share volume of 464K, a public-listing history dating back to 2026. These structural characteristics shape how EOSU etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 9.16 indicates EOSU has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position.
What is a butterfly on EOSU?
A long call butterfly buys one lower-strike call, sells two ATM calls, and buys one higher-strike call, paying a small net debit for a defined-risk position that maxes out if the underlying pins the middle strike at expiration.
EOSU snapshot
As of November 13, 2026, spot at $1.29. The butterfly on EOSU below is built from the November 13, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 35-day expiry.
Why this butterfly structure on EOSU specifically: IV rank is unavailable in the current snapshot, so regime-based timing for EOSU is inferred from ATM IV alone. The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated EOSU expiries trade a higher absolute premium for lower per-day decay. Position sizing on EOSU should anchor to the underlying notional of $1.29 per share and to the trader's directional view on EOSU etf.
EOSU butterfly setup
The EOSU butterfly below is built from the November 13, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With EOSU at $1.29 on that close, the first option leg uses a $1.23 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed EOSU chain at a 35-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 EOSU shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Call | $1.23 | N/A |
| Sell 2 | Call | $1.29 | N/A |
| Buy 1 | Call | $1.35 | N/A |
EOSU butterfly risk and reward
- Net Premium / Debit
- N/A
- Max Profit (per contract)
- Unbounded
- Max Loss (per contract)
- Unbounded
- Breakeven(s)
- None on modeled curve
- Risk / Reward Ratio
- N/A
Max profit equals the wing width minus net debit times 100 (reached when the underlying pins the middle strike); max loss equals the net debit times 100. Two breakevens at lower-wing plus debit and upper-wing minus debit.
EOSU butterfly payoff curve
Modeled P&L at expiration across a range of underlying prices for the butterfly on EOSU. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.
When traders use butterfly on EOSU
Butterflies on EOSU are pinning bets - traders use them when they expect EOSU to settle near a specific level at expiration (often the prior close, a round number, or the max-pain strike) and want defined-risk exposure to that outcome.
EOSU thesis for this butterfly
A EOSU long call butterfly is a pinning play: it pays maximum at the middle strike if EOSU settles there at expiration, with the wing legs capping both the cost and the maximum loss to the net debit. As a Financial Services name, EOSU options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to EOSU-specific events.
EOSU butterfly positions are structurally neutral / pin (limited-risk, limited-reward); the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. EOSU positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move EOSU alongside the broader basket even when EOSU-specific fundamentals are unchanged. Always rebuild the position from current EOSU chain quotes before placing a trade.
Frequently asked questions
- What is a butterfly on EOSU?
- A butterfly on EOSU is the butterfly strategy applied to EOSU (etf). The strategy is structurally neutral / pin (limited-risk, limited-reward): A long call butterfly buys one lower-strike call, sells two ATM calls, and buys one higher-strike call, paying a small net debit for a defined-risk position that maxes out if the underlying pins the middle strike at expiration. With EOSU etf at $1.29 on the November 13, 2026 close, the strikes shown on this page are snapped to the nearest listed EOSU chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are EOSU butterfly max profit and max loss calculated?
- Max profit equals the wing width minus net debit times 100 (reached when the underlying pins the middle strike); max loss equals the net debit times 100. Two breakevens at lower-wing plus debit and upper-wing minus debit. For the EOSU butterfly priced from the November 13, 2026 end-of-day chain at a 30-day expiry (ATM IV the current ATM IV), the computed maximum profit is unbounded per contract and the computed maximum loss is unbounded per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a EOSU butterfly?
- The breakeven for the EOSU butterfly priced on this page is no defined breakeven on the modeled curve at expiration, derived from the November 13, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk.
- When should you consider a butterfly on EOSU?
- Butterflies on EOSU are pinning bets - traders use them when they expect EOSU to settle near a specific level at expiration (often the prior close, a round number, or the max-pain strike) and want defined-risk exposure to that outcome.
- How does current EOSU implied volatility affect this butterfly?
- Current EOSU ATM IV is the current ATM IV; IV rank context is unavailable in the current snapshot.