How are QUIK 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 QUIK butterfly priced from the end-of-day chain at a 30-day expiry (ATM IV 102.10%), the computed maximum profit is $105.05 per contract and the computed maximum loss is $12.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a QUIK butterfly?

The breakeven for the QUIK 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 QUIK market-implied 1-standard-deviation expected move is approximately 29.27%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current QUIK implied volatility affect this butterfly?

QUIK ATM IV is at 102.10% with IV rank near 32.36%, 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.

QUIK Butterfly Strategy

QUIK (QuickLogic Corporation), in the Technology sector, (Semiconductors industry), listed on NASDAQ.

QuickLogic Corporation, a semiconductor company, develops semiconductor platforms and intellectual property solutions for smartphones, wearable, hearable, tablets, and the Internet-of-Things devices. It also provides flexible sensor processing solutions, ultra-low power display bridges, ultra-low power field programmable gate arrays (FPGAs); and analytics toolkit, an end-to-end software suite that offers processes for developing pattern matching sensor algorithms using machine learning technology, as well as programming hardware and design software solutions. The company's products include pASIC 3, QuickRAM, QuickPCI, EOS, QuickAI, SensiML Analytics Studio, ArcticLink III, PolarPro 3, PolarPro II, PolarPro, and Eclipse II, as well as silicon platforms, IP cores, software drivers, firmware, and application software. It delivers its solutions through ultra-low power customer programmable System on Chip (SoC) semiconductor solutions, embedded software, and algorithm solutions for always-on voice and sensor processing, and enhanced visual experiences. In addition, the company licenses FPGA technology for use in other semiconductor companies SoCs. It markets and sells its products to original equipment manufacturers and original design manufacturers through a network of sales managers and distributors in North America, Europe, and the Asia Pacific.

QUIK (QuickLogic Corporation) trades in the Technology sector, specifically Semiconductors, with a market capitalization of approximately $386.8M, a beta of 1.11 versus the broader market, a 52-week range of 4.8-22.1, average daily share volume of 373K, a public-listing history dating back to 1999, approximately 59 full-time employees. These structural characteristics shape how QUIK stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.11 places QUIK roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.

What is a butterfly on QUIK?

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 QUIK snapshot

As of May 15, 2026, spot at $19.21, ATM IV 102.10%, IV rank 32.36%, expected move 29.27%. The butterfly on QUIK 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 QUIK specifically: QUIK IV at 102.10% 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 29.27% (roughly $5.62 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 QUIK expiries trade a higher absolute premium for lower per-day decay. Position sizing on QUIK should anchor to the underlying notional of $19.21 per share and to the trader's directional view on QUIK stock.

QUIK butterfly setup

The QUIK 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 QUIK near $19.21, the first option leg uses a $18.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed QUIK 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 QUIK shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Call	$18.00	$3.20
Sell 2	Call	$19.00	$2.70
Buy 1	Call	$20.00	$2.08

QUIK butterfly risk and reward

Net Premium / Debit: +$12.50
Max Profit (per contract): $105.05
Max Loss (per contract): $12.50
Breakeven(s): None on modeled curve
Risk / Reward Ratio: 8.404

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.

QUIK butterfly payoff curve

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

Underlying Price	% From Spot	P&L at Expiration
$0.01	-99.9%	+$12.50
$4.26	-77.8%	+$12.50
$8.50	-55.7%	+$12.50
$12.75	-33.6%	+$12.50
$17.00	-11.5%	+$12.50
$21.24	+10.6%	+$12.50
$25.49	+32.7%	+$12.50
$29.73	+54.8%	+$12.50
$33.98	+76.9%	+$12.50
$38.23	+99.0%	+$12.50

When traders use butterfly on QUIK

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

QUIK thesis for this butterfly

The market-implied 1-standard-deviation range for QUIK extends from approximately $13.59 on the downside to $24.83 on the upside. A QUIK long call butterfly is a pinning play: it pays maximum at the middle strike if QUIK settles there at expiration, with the wing legs capping both the cost and the maximum loss to the net debit. Current QUIK IV rank near 32.36% is mid-range against its 1-year distribution, so the IV signal is neutral; the butterfly thesis on QUIK should anchor more to the directional view and the expected-move geometry. As a Technology name, QUIK options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to QUIK-specific events.

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

Frequently asked questions

What is a butterfly on QUIK?: A butterfly on QUIK is the butterfly strategy applied to QUIK (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 QUIK stock trading near $19.21, the strikes shown on this page are snapped to the nearest listed QUIK chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are QUIK 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 QUIK butterfly priced from the end-of-day chain at a 30-day expiry (ATM IV 102.10%), the computed maximum profit is $105.05 per contract and the computed maximum loss is $12.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a QUIK butterfly?: The breakeven for the QUIK 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 QUIK market-implied 1-standard-deviation expected move is approximately 29.27%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a butterfly on QUIK?: Butterflies on QUIK are pinning bets - traders use them when they expect QUIK 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 QUIK implied volatility affect this butterfly?: QUIK ATM IV is at 102.10% with IV rank near 32.36%, 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.