MBOT Butterfly Strategy
MBOT (Microbot Medical Inc.), in the Healthcare sector, (Medical - Instruments & Supplies industry), listed on NASDAQ.
Microbot Medical Inc., a pre-clinical medical device company, engages in the research, design, and development of robotic endoluminal surgery devices targeting the minimally invasive surgery space. The company, through its ViRob, TipCAT, CardioSert, and Liberty micro-robotic technologies, developing Self Cleaning Shunt for the treatment of hydrocephalus and normal pressure hydrocephalus; a disposable robot for various endovascular interventional procedures; and a multi generation pipeline portfolio. It has 42 issued/allowed patents and 23 patent applications pending worldwide. The company has a strategic collaboration agreement with Stryker Corporation for technology co-development. Microbot Medical Inc. was founded in 2010 and is based in Hingham, Massachusetts.
MBOT (Microbot Medical Inc.) trades in the Healthcare sector, specifically Medical - Instruments & Supplies, with a market capitalization of approximately $98.9M, a beta of 1.06 versus the broader market, a 52-week range of 1.6-4.67, average daily share volume of 1.7M, a public-listing history dating back to 1992, approximately 20 full-time employees. These structural characteristics shape how MBOT stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.06 places MBOT roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.
What is a butterfly on MBOT?
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 MBOT snapshot
As of May 15, 2026, spot at $1.87, ATM IV 130.60%, IV rank 50.67%, expected move 37.44%. The butterfly on MBOT 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 34-day expiry.
Why this butterfly structure on MBOT specifically: MBOT IV at 130.60% is mid-range versus its 1-year history, so strategy selection should anchor more to the directional thesis than to the IV regime, with a market-implied 1-standard-deviation move of approximately 37.44% (roughly $0.70 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated MBOT expiries trade a higher absolute premium for lower per-day decay. Position sizing on MBOT should anchor to the underlying notional of $1.87 per share and to the trader's directional view on MBOT stock.
MBOT butterfly setup
The MBOT 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 MBOT near $1.87, the first option leg uses a $1.78 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed MBOT chain at a 34-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 MBOT shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Call | $1.78 | N/A |
| Sell 2 | Call | $1.87 | N/A |
| Buy 1 | Call | $1.96 | N/A |
MBOT 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.
MBOT butterfly payoff curve
Modeled P&L at expiration across a range of underlying prices for the butterfly on MBOT. 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 MBOT
Butterflies on MBOT are pinning bets - traders use them when they expect MBOT 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.
MBOT thesis for this butterfly
The market-implied 1-standard-deviation range for MBOT extends from approximately $1.17 on the downside to $2.57 on the upside. A MBOT long call butterfly is a pinning play: it pays maximum at the middle strike if MBOT settles there at expiration, with the wing legs capping both the cost and the maximum loss to the net debit. Current MBOT IV rank near 50.67% is mid-range against its 1-year distribution, so the IV signal is neutral; the butterfly thesis on MBOT should anchor more to the directional view and the expected-move geometry. As a Healthcare name, MBOT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to MBOT-specific events.
MBOT 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. MBOT positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move MBOT alongside the broader basket even when MBOT-specific fundamentals are unchanged. Always rebuild the position from current MBOT chain quotes before placing a trade.
Frequently asked questions
- What is a butterfly on MBOT?
- A butterfly on MBOT is the butterfly strategy applied to MBOT (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 MBOT stock trading near $1.87, the strikes shown on this page are snapped to the nearest listed MBOT chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are MBOT 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 MBOT butterfly priced from the end-of-day chain at a 30-day expiry (ATM IV 130.60%), 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 MBOT butterfly?
- The breakeven for the MBOT 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 MBOT market-implied 1-standard-deviation expected move is approximately 37.44%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a butterfly on MBOT?
- Butterflies on MBOT are pinning bets - traders use them when they expect MBOT 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 MBOT implied volatility affect this butterfly?
- MBOT ATM IV is at 130.60% with IV rank near 50.67%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.