Iron Condor neutral
Price: $310.17Implied volatility: 26%Expiration: 2026-09-04 (29d)
| Action | Qty | Type | Strike | Premium |
|---|
| Buy | 1× | PUT | $285 | $1.71 |
| Sell | 1× | PUT | $300 | $4.78 |
| Sell | 1× | CALL | $320 | $5.35 |
| Buy | 1× | CALL | $335 | $1.97 |
P/L at expiry vs today At expiry Today ±1σ
Net Credit (received)
$644
Breakeven(s)
$293.56, $326.44
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% |
|---|
| $388 | −$854 | −$849 | −$837 | −$818 | −$795 |
| $372 | −$844 | −$821 | −$789 | −$754 | −$719 |
| $357 | −$774 | −$718 | −$665 | −$622 | −$590 |
| $341 | −$521 | −$466 | −$434 | −$420 | −$418 |
| $326 | −$62 | −$108 | −$158 | −$207 | −$254 |
| $310 | $218 | $86 | −$23 | −$113 | −$187 |
| $295 | −$67 | −$120 | −$174 | −$226 | −$273 |
| $279 | −$582 | −$529 | −$496 | −$480 | −$474 |
| $264 | −$820 | −$784 | −$744 | −$708 | −$677 |
| $248 | −$854 | −$849 | −$837 | −$820 | −$800 |
| $233 | −$855 | −$855 | −$854 | −$851 | −$845 |