SUIG Butterfly Strategy
SUIG (SUI Group Holdings Limited), in the Financial Services sector, (Financial - Capital Markets industry), listed on NASDAQ.
SUI Group Holdings Limited, formerly Mill City Ventures III, Ltd., is a company that has shifted its strategic focus to a SUI treasury strategy centered on the Sui blockchain. It aims to be the premier, foundation-backed SUI treasury company, providing institutional-grade exposure to the SUI digital asset. The company's strategy involves the long-term accumulation and activation of SUI to support the advancement and adoption of the Sui network. While executing its SUI treasury strategy, the company also plans to continue its specialty finance operations.
SUIG (SUI Group Holdings Limited) trades in the Financial Services sector, specifically Financial - Capital Markets, with a market capitalization of approximately $136.7M, a beta of 1.28 versus the broader market, a 52-week range of 1.09-8.66, average daily share volume of 375K, a public-listing history dating back to 2009, approximately 3 full-time employees. These structural characteristics shape how SUIG stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.28 places SUIG roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.
What is a butterfly on SUIG?
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 SUIG snapshot
As of May 15, 2026, spot at $1.63, ATM IV 21.70%, IV rank 0.00%, expected move 6.22%. The butterfly on SUIG 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 SUIG specifically: SUIG IV at 21.70% is on the cheap side of its 1-year range, which favors premium-buying structures like a SUIG butterfly, with a market-implied 1-standard-deviation move of approximately 6.22% (roughly $0.10 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 SUIG expiries trade a higher absolute premium for lower per-day decay. Position sizing on SUIG should anchor to the underlying notional of $1.63 per share and to the trader's directional view on SUIG stock.
SUIG butterfly setup
The SUIG 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 SUIG near $1.63, the first option leg uses a $1.55 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed SUIG 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 SUIG shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Call | $1.55 | N/A |
| Sell 2 | Call | $1.63 | N/A |
| Buy 1 | Call | $1.71 | N/A |
SUIG 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.
SUIG butterfly payoff curve
Modeled P&L at expiration across a range of underlying prices for the butterfly on SUIG. 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 SUIG
Butterflies on SUIG are pinning bets - traders use them when they expect SUIG 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.
SUIG thesis for this butterfly
The market-implied 1-standard-deviation range for SUIG extends from approximately $1.53 on the downside to $1.73 on the upside. A SUIG long call butterfly is a pinning play: it pays maximum at the middle strike if SUIG settles there at expiration, with the wing legs capping both the cost and the maximum loss to the net debit. Current SUIG IV rank near 0.00% 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 SUIG at 21.70%. As a Financial Services name, SUIG options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to SUIG-specific events.
SUIG 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. SUIG positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move SUIG alongside the broader basket even when SUIG-specific fundamentals are unchanged. Always rebuild the position from current SUIG chain quotes before placing a trade.
Frequently asked questions
- What is a butterfly on SUIG?
- A butterfly on SUIG is the butterfly strategy applied to SUIG (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 SUIG stock trading near $1.63, the strikes shown on this page are snapped to the nearest listed SUIG chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are SUIG 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 SUIG butterfly priced from the end-of-day chain at a 30-day expiry (ATM IV 21.70%), 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 SUIG butterfly?
- The breakeven for the SUIG 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 SUIG market-implied 1-standard-deviation expected move is approximately 6.22%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a butterfly on SUIG?
- Butterflies on SUIG are pinning bets - traders use them when they expect SUIG 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 SUIG implied volatility affect this butterfly?
- SUIG ATM IV is at 21.70% with IV rank near 0.00%, 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.