MBGL Butterfly Strategy
MBGL (Mobility Global Inc), in the Technology sector, (Software - Infrastructure industry), listed on NYSE.
Mobility Global, Inc. is a mobility intelligence company, providing critical data and analytics across the full vehicle lifecycle. Its portfolio of trusted brands and products includes CARFAX, automotive Mastermind, Polk Automotive Solutions, and Market Scan, supporting the world's major automakers, suppliers, dealer groups, media, financial institutions, and consumers with data, forecast, insights, technology, and innovation. The company is headquarter in Centreville, VA.
MBGL (Mobility Global Inc) trades in the Technology sector, specifically Software - Infrastructure, with a market capitalization of approximately $5.78B, a beta of 0.57 versus the broader market, a 52-week range of 17.67-26, average daily share volume of 10.4M, a public-listing history dating back to 2026, approximately 4K full-time employees. These structural characteristics shape how MBGL stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.57 indicates MBGL 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 MBGL?
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.
MBGL snapshot
As of August 14, 2026, spot at $20.55, ATM IV 35.80%, expected move 10.26%. The butterfly on MBGL 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 MBGL specifically: IV rank is unavailable in the current snapshot, so regime-based timing for MBGL is inferred from ATM IV at 35.80% alone, with a market-implied 1-standard-deviation move of approximately 10.26% (roughly $2.11 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 MBGL expiries trade a higher absolute premium for lower per-day decay. Position sizing on MBGL should anchor to the underlying notional of $20.55 per share and to the trader's directional view on MBGL stock.
MBGL butterfly setup
The MBGL 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 MBGL at $20.55 on that close, the first option leg uses a $19.52 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed MBGL 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 MBGL shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Call | $19.52 | N/A |
| Sell 2 | Call | $20.55 | N/A |
| Buy 1 | Call | $21.58 | N/A |
MBGL 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.
MBGL butterfly payoff curve
Modeled P&L at expiration across a range of underlying prices for the butterfly on MBGL. 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 MBGL
Butterflies on MBGL are pinning bets - traders use them when they expect MBGL 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.
MBGL thesis for this butterfly
The market-implied 1-standard-deviation range for MBGL extends from approximately $18.44 on the downside to $22.66 on the upside. A MBGL long call butterfly is a pinning play: it pays maximum at the middle strike if MBGL settles there at expiration, with the wing legs capping both the cost and the maximum loss to the net debit. As a Technology name, MBGL options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to MBGL-specific events.
MBGL 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. MBGL positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move MBGL alongside the broader basket even when MBGL-specific fundamentals are unchanged. Always rebuild the position from current MBGL chain quotes before placing a trade.
Frequently asked questions
- What is a butterfly on MBGL?
- A butterfly on MBGL is the butterfly strategy applied to MBGL (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 MBGL stock at $20.55 on the most recent close, the strikes shown on this page are snapped to the nearest listed MBGL chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are MBGL 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 MBGL butterfly priced from the end-of-day chain at a 30-day expiry (ATM IV 35.80%), 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 MBGL butterfly?
- The breakeven for the MBGL 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 MBGL market-implied 1-standard-deviation expected move in the same options snapshot is approximately 10.26%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a butterfly on MBGL?
- Butterflies on MBGL are pinning bets - traders use them when they expect MBGL 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 MBGL implied volatility affect this butterfly?
- Current MBGL ATM IV is 35.80%; IV rank context is unavailable in the current snapshot.