Long Call Butterflies for Pinning
Call Butterfly4 trades pass on GTLB
- Return on risk
- 158.1% to 566.7%
- Probability of profit
- 13.4% to 69.0%
Gitlab Inc. · Technology
As of the close on . In the app, data is refreshed intraday.
GTLB closed at $49.78 on Oct 2, 2026 with 30-day implied volatility of 51.2%. That is near the bottom of its one-year range (IV rank 15), so options on GTLB are cheap compared with its own recent history. Measured by IV percentile, IV is higher than 13% of the past year's readings. Options expiring Oct 30 (28 days out) price a one standard deviation move of about $7.15, or 14.4%.
The price is above both its 50-day (+17.0%) and 200-day (+54.5%) moving averages. It is 2.5% below its 52-week high and 156.3% above its 52-week low. The 14-day RSI of 61.7 is between 30 and 70, neither overbought nor oversold. The 14-day average true range is $2.20, about 4.4% of the price, a measure of a typical day's range.
Option volume at the close (7.95K contracts) was 0.8x its average, quieter than usual. A beta of 0.91 means GTLB has tended to move about 0.9 times as much as the broad market. 1 of our preset screen found trades on GTLB at the close, led by Long Call Butterflies for Pinning with 4 trades.
Expected move = price x at-the-money IV x the square root of (days to expiration / 365), a one standard deviation range. The straddle is the at-the-money call plus put, the market's own price for a move. Compare expected moves across stocks.
| Expiration | IV | Expected move | 1 SD range | Straddle |
|---|---|---|---|---|
| Oct 9, 20267 days | 47.6% | ±$3.28 (6.6%) | $46.50 to $53.06 | $2.63 |
| Oct 30, 202628 days | 51.8% | ±$7.15 (14.4%) | $42.63 to $56.93 | $5.70 |
| Nov 20, 202649 days | 53.7% | ±$9.80 (19.7%) | $39.98 to $59.58 | $7.80 |
| Dec 18, 202677 days | 62.3% | ±$14.24 (28.6%) | $35.54 to $64.02 | $11.30 |
Each expiration has its own implied volatility, and short-dated IV reacts more to near-term events, so the nearest expiration can differ a lot from the 30-day figure.
Counts and ranges for GTLB from our preset scans at the last close. Open a preset in the app to see each trade with its strikes, prices, and risk, refreshed intraday. Income strategies show annualized return; the rest show return on risk.
4 trades pass on GTLB
Market data as of the prior close, for information and education only. Not investment advice. Options involve substantial risk and are not suitable for every investor. See our Terms of Service.