GGRP Butterfly Strategy
GGRP (The Glimpse Group, Inc.), in the Technology sector, (Software - Application industry), listed on NASDAQ.
The Glimpse Group Inc. is an immersive technology firm that delivers enterprise-grade virtual reality (VR), augmented reality (AR), and spatial computing software and services throughout the United States. Its comprehensive suite of offerings includes Brightline Interactive, which designs immersive experiences, training scenarios, and simulations for government and commercial sectors. Sector 5 Digital focuses on crafting corporate immersive events, while Glimpse Learning provides educational and upskilling tools. Foretell Reality presents a versatile social VR platform catering to behavioral health, support groups, collaboration, and various corporate and higher education training needs. Additionally, QReal offers software for generating remarkably lifelike, photorealistic 3D interactive digital models and AR experiences, with its 3D model creation handled by Glimpse Turkey, a dedicated development center. Established in 2016, The Glimpse Group Inc. is based in New York, New York.
GGRP (The Glimpse Group, Inc.) trades in the Technology sector, specifically Software - Application, with a market capitalization of approximately $16.4M, a beta of 1.39 versus the broader market, a 52-week range of 0.42-1.85, average daily share volume of 313K, a public-listing history dating back to 2018, approximately 40 full-time employees. These structural characteristics shape how GGRP stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.39 indicates GGRP 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 GGRP?
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.
Current GGRP snapshot
As of June 29, 2026, spot at $0.78, ATM IV 27.50%, expected move 7.88%. The butterfly on GGRP below is built from the same end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 18-day expiry.
Why this butterfly structure on GGRP specifically: IV rank is unavailable in the current snapshot, so regime-based timing for GGRP is inferred from ATM IV at 27.50% alone, with a market-implied 1-standard-deviation move of approximately 7.88% (roughly $0.06 on the underlying). The 18-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated GGRP expiries trade a higher absolute premium for lower per-day decay. Position sizing on GGRP should anchor to the underlying notional of $0.78 per share and to the trader's directional view on GGRP stock.
GGRP butterfly setup
The GGRP 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 GGRP near $0.78, the first option leg uses a $0.74 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed GGRP chain at a 18-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 GGRP shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Call | $0.74 | N/A |
| Sell 2 | Call | $0.78 | N/A |
| Buy 1 | Call | $0.82 | N/A |
GGRP 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.
GGRP butterfly payoff curve
Modeled P&L at expiration across a range of underlying prices for the butterfly on GGRP. 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 GGRP
Butterflies on GGRP are pinning bets - traders use them when they expect GGRP 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.
GGRP thesis for this butterfly
The market-implied 1-standard-deviation range for GGRP extends from approximately $0.72 on the downside to $0.84 on the upside. A GGRP long call butterfly is a pinning play: it pays maximum at the middle strike if GGRP settles there at expiration, with the wing legs capping both the cost and the maximum loss to the net debit. As a Technology name, GGRP options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to GGRP-specific events.
GGRP 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. GGRP positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move GGRP alongside the broader basket even when GGRP-specific fundamentals are unchanged. Always rebuild the position from current GGRP chain quotes before placing a trade.
Frequently asked questions
- What is a butterfly on GGRP?
- A butterfly on GGRP is the butterfly strategy applied to GGRP (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 GGRP stock trading near $0.78, the strikes shown on this page are snapped to the nearest listed GGRP chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are GGRP 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 GGRP butterfly priced from the end-of-day chain at a 30-day expiry (ATM IV 27.50%), 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 GGRP butterfly?
- The breakeven for the GGRP butterfly priced on this page is no defined breakeven on the modeled curve at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current GGRP market-implied 1-standard-deviation expected move is approximately 7.88%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a butterfly on GGRP?
- Butterflies on GGRP are pinning bets - traders use them when they expect GGRP 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 GGRP implied volatility affect this butterfly?
- Current GGRP ATM IV is 27.50%; IV rank context is unavailable in the current snapshot.