CSQR Butterfly Strategy
CSQR (Csquare Inc.), in the Technology sector, (Information Technology Services industry), listed on NYSE.
Csquare, Inc. engages in the provision of data center, colocation and interconnection solutions, which applications powering the economy. Its solutions include high-density workloads, recalibrating public cloud workloads, edge AI inference, business continuity & disaster recovery, security & compliance and resource library. The company was founded in May 2018 and is headquartered in Coppel, TX.
CSQR (Csquare Inc.) trades in the Technology sector, specifically Information Technology Services, with a market capitalization of approximately $2.64B, a beta of 0.00 versus the broader market, a 52-week range of 16.62-23.5, average daily share volume of 1.6M, a public-listing history dating back to 2026, approximately 608 full-time employees. These structural characteristics shape how CSQR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.00 indicates CSQR has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure.
What is a butterfly on CSQR?
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.
CSQR snapshot
As of September 29, 2026, spot at $15.72, ATM IV 107.60%, expected move 30.85%. The butterfly on CSQR below is built from the end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 17-day expiry.
Why this butterfly structure on CSQR specifically: IV rank is unavailable in the current snapshot, so regime-based timing for CSQR is inferred from ATM IV at 107.60% alone, with a market-implied 1-standard-deviation move of approximately 30.85% (roughly $4.85 on the underlying). The 17-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated CSQR expiries trade a higher absolute premium for lower per-day decay. Position sizing on CSQR should anchor to the underlying notional of $15.72 per share and to the trader's directional view on CSQR stock.
CSQR butterfly setup
The CSQR butterfly below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With CSQR at $15.72 on that close, the first option leg uses a $14.93 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed CSQR chain at a 17-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 CSQR shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Call | $14.93 | N/A |
| Sell 2 | Call | $15.72 | N/A |
| Buy 1 | Call | $16.51 | N/A |
CSQR 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.
CSQR butterfly payoff curve
Modeled P&L at expiration across a range of underlying prices for the butterfly on CSQR. 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 CSQR
Butterflies on CSQR are pinning bets - traders use them when they expect CSQR 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.
CSQR thesis for this butterfly
The market-implied 1-standard-deviation range for CSQR extends from approximately $10.87 on the downside to $20.57 on the upside. A CSQR long call butterfly is a pinning play: it pays maximum at the middle strike if CSQR settles there at expiration, with the wing legs capping both the cost and the maximum loss to the net debit. As a Technology name, CSQR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to CSQR-specific events.
CSQR 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. CSQR positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move CSQR alongside the broader basket even when CSQR-specific fundamentals are unchanged. Always rebuild the position from current CSQR chain quotes before placing a trade.
Frequently asked questions
- What is a butterfly on CSQR?
- A butterfly on CSQR is the butterfly strategy applied to CSQR (stock). 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 CSQR stock at $15.72 on the most recent close, the strikes shown on this page are snapped to the nearest listed CSQR chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are CSQR 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 CSQR butterfly priced from the end-of-day chain at a 30-day expiry (ATM IV 107.60%), 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 CSQR butterfly?
- The breakeven for the CSQR butterfly priced on this page is no defined breakeven on the modeled curve at expiration, derived from the 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. The CSQR market-implied 1-standard-deviation expected move in the same options snapshot is approximately 30.85%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a butterfly on CSQR?
- Butterflies on CSQR are pinning bets - traders use them when they expect CSQR 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 CSQR implied volatility affect this butterfly?
- Current CSQR ATM IV is 107.60%; IV rank context is unavailable in the current snapshot.