AMOM Iron Condor Strategy
AMOM (QRAFT AI-Enhanced U.S. Large Cap Momentum ETF), in the Financial Services sector, (Asset Management industry), listed on AMEX.
Exchange Listed Funds Trust - QRAFT AI-Enhanced U.S. Large Cap Momentum ETF is an exchange traded fund launched and managed by Exchange Traded Concepts, LLC. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in momentum stocks of large-cap companies. It seeks to benchmark the performance of its portfolio against the S&P 500 Index.
AMOM (QRAFT AI-Enhanced U.S. Large Cap Momentum ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $32.9M, a beta of 1.44 versus the broader market, a 52-week range of 44.29-64.418, average daily share volume of 5K, a public-listing history dating back to 2019. These structural characteristics shape how AMOM etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.44 indicates AMOM has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. AMOM pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a iron condor on AMOM?
An iron condor sells a call spread and a put spread at strikes outside spot, collecting net premium that is kept if the underlying stays inside the inner short strikes.
Current AMOM snapshot
As of June 30, 2026, spot at $64.33, ATM IV 21.20%, IV rank 1.52%, expected move 6.08%. The iron condor on AMOM below is built from the same end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 17-day expiry.
Why this iron condor structure on AMOM specifically: AMOM IV at 21.20% is on the cheap side of its 1-year range, which means a premium-selling AMOM iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 6.08% (roughly $3.91 on the underlying). The 17-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated AMOM expiries trade a higher absolute premium for lower per-day decay. Position sizing on AMOM should anchor to the underlying notional of $64.33 per share and to the trader's directional view on AMOM etf.
AMOM iron condor setup
The AMOM iron condor below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With AMOM near $64.33, the first option leg uses a $68.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AMOM chain at a 17-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 AMOM shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $68.00 | $0.14 |
| Buy 1 | Call | $69.00 | $0.06 |
| Sell 1 | Put | $61.00 | $0.31 |
| Buy 1 | Put | $58.00 | $0.05 |
AMOM iron condor risk and reward
- Net Premium / Debit
- +$34.00
- Max Profit (per contract)
- $34.00
- Max Loss (per contract)
- -$266.00
- Breakeven(s)
- $60.66, $68.30
- Risk / Reward Ratio
- 0.128
Max profit equals the net credit times 100 inside the inner strikes; max loss equals wing width minus credit times 100. Two breakevens at inner strikes plus and minus the credit.
AMOM iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on AMOM. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.
| Underlying Price | % From Spot | P&L at Expiration |
|---|---|---|
| $0.01 | -100.0% | -$266.00 |
| $14.23 | -77.9% | -$266.00 |
| $28.46 | -55.8% | -$266.00 |
| $42.68 | -33.7% | -$266.00 |
| $56.90 | -11.5% | -$266.00 |
| $71.12 | +10.6% | -$66.00 |
| $85.35 | +32.7% | -$66.00 |
| $99.57 | +54.8% | -$66.00 |
| $113.79 | +76.9% | -$66.00 |
| $128.01 | +99.0% | -$66.00 |
When traders use iron condor on AMOM
Iron condors on AMOM are a delta-neutral premium-collection structure that profits if AMOM etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
AMOM thesis for this iron condor
The market-implied 1-standard-deviation range for AMOM extends from approximately $60.42 on the downside to $68.24 on the upside. A AMOM iron condor is a delta-neutral premium-collection structure that pays off when AMOM stays inside the inner short strikes through expiration; the wing width should reflect the trader's tolerance for the maximum loss scenario where the underlying breaches an outer strike. Current AMOM IV rank near 1.52% sits in the lower third of its 1-year distribution, where IV often re-expands toward the mean; this favors premium-buying structures and disadvantages premium-selling structures on AMOM at 21.20%. As a Financial Services name, AMOM options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AMOM-specific events.
AMOM iron condor positions are structurally neutral / range-bound; the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. AMOM positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move AMOM alongside the broader basket even when AMOM-specific fundamentals are unchanged. Short-premium structures like a iron condor on AMOM carry tail risk when realized volatility exceeds the implied move; review historical AMOM earnings reactions and macro stress periods before sizing. Always rebuild the position from current AMOM chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on AMOM?
- A iron condor on AMOM is the iron condor strategy applied to AMOM (etf). The strategy is structurally neutral / range-bound: An iron condor sells a call spread and a put spread at strikes outside spot, collecting net premium that is kept if the underlying stays inside the inner short strikes. With AMOM etf trading near $64.33, the strikes shown on this page are snapped to the nearest listed AMOM chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are AMOM iron condor max profit and max loss calculated?
- Max profit equals the net credit times 100 inside the inner strikes; max loss equals wing width minus credit times 100. Two breakevens at inner strikes plus and minus the credit. For the AMOM iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 21.20%), the computed maximum profit is $34.00 per contract and the computed maximum loss is -$266.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a AMOM iron condor?
- The breakeven for the AMOM iron condor priced on this page is roughly $60.66 and $68.30 at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current AMOM market-implied 1-standard-deviation expected move is approximately 6.08%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a iron condor on AMOM?
- Iron condors on AMOM are a delta-neutral premium-collection structure that profits if AMOM etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current AMOM implied volatility affect this iron condor?
- AMOM ATM IV is at 21.20% with IV rank near 1.52%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.