KULR Butterfly Strategy
KULR (KULR Technology Group, Inc.), in the Industrials sector, (Industrial - Machinery industry), listed on AMEX.
KULR Technology Group, Inc., through its subsidiary, KULR Technology Corporation, designs and builds advanced battery systems for autonomous platforms, digital infrastructure, and e-mobility and space. It provides battery production, internal short circuit battery cells and devices, patented thermal runaway shield technology (“TRS”), phase change material (“PCM”) heatsinks, and KULR SafeCases, and exoskeleton devices. The company also offers space batteries; air batteries; custom battery design; battery solutions, including trigger cells and ISC-D and SafeX Safe storage solutions; thermal solutions, including fiber thermal interface and cathodes; and testing solutions that include cell screening and cycling, module cycling, thermal desktop and SINDA/FLUINT, and abuse testing and calorimetry. Additionally, the company provides KULR VIBE, a software-driven precision balancing and vibration reduction solution designed for rotary systems and Xero VibeFan, an ultimate cooling solution for AI farms, data centres, and server environments. Its technologies are used in space, aerospace, defence, telecom, and other critical infrastructure. KULR Technology Group, Inc. has a strategic collaboration with Robinson Helicopter Company, Inc. to develop battery system for an eR66 battery-electric helicopter demonstrator.
KULR (KULR Technology Group, Inc.) trades in the Industrials sector, specifically Industrial - Machinery, with a market capitalization of approximately $137.4M, a beta of 2.32 versus the broader market, a 52-week range of 1.94-6.3, average daily share volume of 2.0M, a public-listing history dating back to 2018, approximately 47 full-time employees. These structural characteristics shape how KULR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 2.32 indicates KULR 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 KULR?
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.
KULR snapshot
As of August 14, 2026, spot at $2.63, ATM IV 104.20%, IV rank 18.82%, expected move 29.87%. The butterfly on KULR 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 KULR specifically: KULR IV at 104.20% is on the cheap side of its 1-year range, which favors premium-buying structures like a KULR butterfly, with a market-implied 1-standard-deviation move of approximately 29.87% (roughly $0.79 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 KULR expiries trade a higher absolute premium for lower per-day decay. Position sizing on KULR should anchor to the underlying notional of $2.63 per share and to the trader's directional view on KULR stock.
KULR butterfly setup
The KULR 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 KULR at $2.63 on that close, the first option leg uses a $2.50 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed KULR 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 KULR shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Call | $2.50 | N/A |
| Sell 2 | Call | $2.63 | N/A |
| Buy 1 | Call | $2.76 | N/A |
KULR 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.
KULR butterfly payoff curve
Modeled P&L at expiration across a range of underlying prices for the butterfly on KULR. 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 KULR
Butterflies on KULR are pinning bets - traders use them when they expect KULR 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.
KULR thesis for this butterfly
The market-implied 1-standard-deviation range for KULR extends from approximately $1.84 on the downside to $3.42 on the upside. A KULR long call butterfly is a pinning play: it pays maximum at the middle strike if KULR settles there at expiration, with the wing legs capping both the cost and the maximum loss to the net debit. Current KULR IV rank near 18.82% 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 KULR at 104.20%. As a Industrials name, KULR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to KULR-specific events.
KULR 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. KULR positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move KULR alongside the broader basket even when KULR-specific fundamentals are unchanged. Always rebuild the position from current KULR chain quotes before placing a trade.
Frequently asked questions
- What is a butterfly on KULR?
- A butterfly on KULR is the butterfly strategy applied to KULR (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 KULR stock at $2.63 on the most recent close, the strikes shown on this page are snapped to the nearest listed KULR chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are KULR 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 KULR butterfly priced from the end-of-day chain at a 30-day expiry (ATM IV 104.20%), 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 KULR butterfly?
- The breakeven for the KULR 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 KULR market-implied 1-standard-deviation expected move in the same options snapshot is approximately 29.87%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a butterfly on KULR?
- Butterflies on KULR are pinning bets - traders use them when they expect KULR 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 KULR implied volatility affect this butterfly?
- KULR ATM IV is at 104.20% with IV rank near 18.82%, 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.