G Butterfly Strategy
G (Genpact Limited), in the Technology sector, (Information Technology Services industry), listed on NYSE.
Genpact Limited (G) is a global professional services firm specializing in business process management and information technology solutions. The company extends its offerings across diverse geographies, including India, the wider Asian market, North and Latin America, and Europe. Its operations are structured around three primary industry segments: Banking, Capital Markets, and Insurance; Consumer Goods, Retail, Life Sciences, and Healthcare; and High Technology, Manufacturing, and Services. Genpact provides a range of strategic advisory services, such as financial counsel for Chief Financial Officers and extensive environmental, social, and governance (ESG) support. These ESG services cover critical areas like data management, carbon footprint accounting, human rights assessments, sustainability due diligence, and comprehensive ESG reporting. Its financial and accounting (F&A) service portfolio is robust, encompassing: Accounts Payable: From efficient document handling and invoice processing to approval and resolution management, and travel and expense administration.
G (Genpact Limited) trades in the Technology sector, specifically Information Technology Services, with a market capitalization of approximately $5.75B, a trailing P/E of 9.85, a beta of 0.58 versus the broader market, a 52-week range of 26.85-48.64, average daily share volume of 2.7M, a public-listing history dating back to 2007, approximately 145K full-time employees. These structural characteristics shape how G stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.58 indicates G has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. The trailing P/E of 9.85 is on the value side, where IV often compresses outside event windows because forward growth expectations are already discounted into the share price. G pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a butterfly on G?
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.
G snapshot
As of August 14, 2026, spot at $34.02, ATM IV 36.00%, IV rank 7.57%, expected move 10.32%. The butterfly on G 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 35-day expiry.
Why this butterfly structure on G specifically: G IV at 36.00% is on the cheap side of its 1-year range, which favors premium-buying structures like a G butterfly, with a market-implied 1-standard-deviation move of approximately 10.32% (roughly $3.51 on the underlying). The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated G expiries trade a higher absolute premium for lower per-day decay. Position sizing on G should anchor to the underlying notional of $34.02 per share and to the trader's directional view on G stock.
G butterfly setup
The G 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 G at $34.02 on that close, the first option leg uses a $32.32 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed G 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 G shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Call | $32.32 | N/A |
| Sell 2 | Call | $34.02 | N/A |
| Buy 1 | Call | $35.72 | N/A |
G 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.
G butterfly payoff curve
Modeled P&L at expiration across a range of underlying prices for the butterfly on G. 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 G
Butterflies on G are pinning bets - traders use them when they expect G 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.
G thesis for this butterfly
The market-implied 1-standard-deviation range for G extends from approximately $30.51 on the downside to $37.53 on the upside. A G long call butterfly is a pinning play: it pays maximum at the middle strike if G settles there at expiration, with the wing legs capping both the cost and the maximum loss to the net debit. Current G IV rank near 7.57% sits in the lower third of its 1-year distribution, where IV often re-expands toward the mean; this favors premium-buying structures and disadvantages premium-selling structures on G at 36.00%. As a Technology name, G options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to G-specific events.
G 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. G positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move G alongside the broader basket even when G-specific fundamentals are unchanged. Always rebuild the position from current G chain quotes before placing a trade.
Frequently asked questions
- What is a butterfly on G?
- A butterfly on G is the butterfly strategy applied to G (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 G stock at $34.02 on the most recent close, the strikes shown on this page are snapped to the nearest listed G chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are G 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 G butterfly priced from the end-of-day chain at a 30-day expiry (ATM IV 36.00%), 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 G butterfly?
- The breakeven for the G 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 G market-implied 1-standard-deviation expected move in the same options snapshot is approximately 10.32%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a butterfly on G?
- Butterflies on G are pinning bets - traders use them when they expect G 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 G implied volatility affect this butterfly?
- G ATM IV is at 36.00% with IV rank near 7.57%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.