Iron Condor neutral
Price: $314.82Implied volatility: 28%Expiration: 2026-08-07 (28d)
| Action | Qty | Type | Strike | Premium |
|---|
| Buy | 1× | PUT | $290 | $2.27 |
| Sell | 1× | PUT | $305 | $5.47 |
| Sell | 1× | CALL | $325 | $5.97 |
| Buy | 1× | CALL | $340 | $2.17 |
P/L at expiry vs today At expiry Today ±1σ
Net Credit (received)
$700
Breakeven(s)
$298.00, $332.00
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% |
|---|
| $394 | −$797 | −$788 | −$771 | −$747 | −$720 |
| $378 | −$780 | −$750 | −$713 | −$675 | −$641 |
| $362 | −$695 | −$635 | −$583 | −$545 | −$519 |
| $346 | −$439 | −$392 | −$369 | −$363 | −$368 |
| $331 | −$24 | −$79 | −$134 | −$187 | −$236 |
| $315 | $208 | $76 | −$30 | −$116 | −$186 |
| $299 | −$53 | −$107 | −$162 | −$214 | −$260 |
| $283 | −$518 | −$469 | −$442 | −$430 | −$430 |
| $268 | −$755 | −$714 | −$673 | −$638 | −$611 |
| $252 | −$797 | −$789 | −$774 | −$754 | −$731 |
| $236 | −$799 | −$799 | −$797 | −$792 | −$783 |