Iron Condor neutral
Price: $314.23Implied volatility: 28%Expiration: 2026-08-07 (27d)
| Action | Qty | Type | Strike | Premium |
|---|
| Buy | 1× | PUT | $290 | $2.15 |
| Sell | 1× | PUT | $305 | $5.20 |
| Sell | 1× | CALL | $325 | $5.38 |
| Buy | 1× | CALL | $340 | $1.88 |
P/L at expiry vs today At expiry Today ±1σ
Net Credit (received)
$655
Breakeven(s)
$298.44, $331.56
Position Greeks
Time decay (price held)Implied-volatility skew
Simulation
Forward simulation of 6,000 lognormal price paths to expiration — not a historical backtest.
Strategy analysis
Simulated price paths (time × price)
Greeks vs price
Δ — $ P/L per $1 move in the underlying (share-equivalent exposure).Θ — $ P/L per day from time decay.ν — $ P/L per +1% in implied volatility.Γ — how fast delta changes per $1 move.
Price × volatility (today)
| −30% | −15% | IV | +15% | +30% |
|---|
| $393 | −$843 | −$835 | −$820 | −$797 | −$771 |
| $377 | −$827 | −$800 | −$764 | −$726 | −$692 |
| $361 | −$744 | −$685 | −$632 | −$592 | −$565 |
| $346 | −$480 | −$431 | −$407 | −$400 | −$404 |
| $330 | −$43 | −$100 | −$157 | −$211 | −$261 |
| $314 | $189 | $56 | −$51 | −$139 | −$210 |
| $299 | −$106 | −$153 | −$203 | −$251 | −$296 |
| $283 | −$587 | −$534 | −$502 | −$486 | −$481 |
| $267 | −$809 | −$772 | −$733 | −$698 | −$669 |
| $251 | −$843 | −$837 | −$825 | −$807 | −$786 |
| $236 | −$844 | −$844 | −$843 | −$839 | −$832 |