How are LOGI 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 LOGI butterfly priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 31.70%), the computed maximum profit is $356.24 per contract and the computed maximum loss is -$97.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a LOGI butterfly?

The breakeven for the LOGI butterfly priced on this page is roughly $100.98 and $109.03 at expiration, derived from the August 14, 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. The LOGI market-implied 1-standard-deviation expected move in the same options snapshot is approximately 9.09%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current LOGI implied volatility affect this butterfly?

LOGI ATM IV is at 31.70% with IV rank near 24.22%, 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.

LOGI Butterfly Strategy

LOGI (Logitech International S.A.), in the Technology sector, (Computer Hardware industry), listed on NASDAQ.

Logitech International S.A., a Swiss-based corporation founded in 1981 and headquartered in Lausanne, specializes in designing, manufacturing, and globally distributing an extensive array of devices that connect individuals to digital and cloud experiences. Its comprehensive product line encompasses various input peripherals, such as wireless mice, a wide range of keyboards (including corded, cordless, living room-specific, and keyboard-and-mouse combinations), PC webcams, and keyboards tailored for tablets and smartphones. For the gaming community, Logitech provides performance-focused keyboards, mice, headsets, and immersive simulation hardware like steering wheels and flight sticks. Businesses benefit from its advanced video conferencing solutions, including ConferenceCams that integrate high-definition video with professional-grade audio for seamless collaboration, alongside individual webcams, headsets for desktop communication, and dedicated controllers for meeting room systems. The company further offers a diverse selection of audio equipment, from portable wireless Bluetooth and Wi-Fi speakers to mobile and PC speakers, microphones, in-ear headphones, and wireless audio wearables. Its portfolio also extends to home entertainment controllers and home security cameras.

LOGI (Logitech International S.A.) trades in the Technology sector, specifically Computer Hardware, with a market capitalization of approximately $14.80B, a trailing P/E of 18.56, a beta of 0.65 versus the broader market, a 52-week range of 83.32-129.66, average daily share volume of 1.1M, a public-listing history dating back to 1997, approximately 7K full-time employees. These structural characteristics shape how LOGI stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.65 indicates LOGI has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. LOGI pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a butterfly on LOGI?

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.

LOGI snapshot

As of August 14, 2026, spot at $102.98, ATM IV 31.70%, IV rank 24.22%, expected move 9.09%. The butterfly on LOGI below is built from the August 14, 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 LOGI specifically: LOGI IV at 31.70% is on the cheap side of its 1-year range, which favors premium-buying structures like a LOGI butterfly, with a market-implied 1-standard-deviation move of approximately 9.09% (roughly $9.36 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 LOGI expiries trade a higher absolute premium for lower per-day decay. Position sizing on LOGI should anchor to the underlying notional of $102.98 per share and to the trader's directional view on LOGI stock.

LOGI butterfly setup

The LOGI butterfly below is built from the August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With LOGI at $102.98 on that close, the first option leg uses a $100.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed LOGI 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 LOGI shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Call	$100.00	$6.00
Sell 2	Call	$105.00	$3.40
Buy 1	Call	$110.00	$1.78

LOGI butterfly risk and reward

Net Premium / Debit: -$97.50
Max Profit (per contract): $356.24
Max Loss (per contract): -$97.50
Breakeven(s): $100.98, $109.03
Risk / Reward Ratio: 3.654

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.

LOGI butterfly payoff curve

Modeled P&L at expiration across a range of underlying prices for the butterfly on LOGI. 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.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	-$97.50
$22.78	-77.9%	-$97.50
$45.55	-55.8%	-$97.50
$68.32	-33.7%	-$97.50
$91.08	-11.6%	-$97.50
$113.85	+10.6%	-$97.50
$136.62	+32.7%	-$97.50
$159.39	+54.8%	-$97.50
$182.16	+76.9%	-$97.50
$204.93	+99.0%	-$97.50

When traders use butterfly on LOGI

Butterflies on LOGI are pinning bets - traders use them when they expect LOGI 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.

LOGI thesis for this butterfly

The market-implied 1-standard-deviation range for LOGI extends from approximately $93.62 on the downside to $112.34 on the upside. A LOGI long call butterfly is a pinning play: it pays maximum at the middle strike if LOGI settles there at expiration, with the wing legs capping both the cost and the maximum loss to the net debit. Current LOGI IV rank near 24.22% 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 LOGI at 31.70%. As a Technology name, LOGI options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to LOGI-specific events.

LOGI 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. LOGI positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move LOGI alongside the broader basket even when LOGI-specific fundamentals are unchanged. Always rebuild the position from current LOGI chain quotes before placing a trade.

Frequently asked questions

What is a butterfly on LOGI?: A butterfly on LOGI is the butterfly strategy applied to LOGI (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 LOGI stock at $102.98 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed LOGI chain strike and the premiums come straight from that session's bid/ask midpoint.
How are LOGI 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 LOGI butterfly priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 31.70%), the computed maximum profit is $356.24 per contract and the computed maximum loss is -$97.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a LOGI butterfly?: The breakeven for the LOGI butterfly priced on this page is roughly $100.98 and $109.03 at expiration, derived from the August 14, 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. The LOGI market-implied 1-standard-deviation expected move in the same options snapshot is approximately 9.09%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a butterfly on LOGI?: Butterflies on LOGI are pinning bets - traders use them when they expect LOGI 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 LOGI implied volatility affect this butterfly?: LOGI ATM IV is at 31.70% with IV rank near 24.22%, 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.