How are ARGT 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 ARGT iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 31.60%), the computed maximum profit is $137.50 per contract and the computed maximum loss is -$262.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a ARGT iron condor?

The breakeven for the ARGT iron condor priced on this page is roughly $80.63 and $92.38 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 ARGT market-implied 1-standard-deviation expected move is approximately 9.06%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current ARGT implied volatility affect this iron condor?

ARGT ATM IV is at 31.60% with IV rank near 18.79%, 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.

ARGT Iron Condor Strategy

ARGT (Global X - MSCI Argentina ETF), in the Financial Services sector, (Asset Management - Global industry), listed on AMEX.

The Global X MSCI Argentina ETF (ARGT) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Argentina 25/50 Index.

ARGT (Global X - MSCI Argentina ETF) trades in the Financial Services sector, specifically Asset Management - Global, with a market capitalization of approximately $875.5M, a beta of 0.49 versus the broader market, a 52-week range of 66.49-103.97, average daily share volume of 285K, a public-listing history dating back to 2011. These structural characteristics shape how ARGT etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.49 indicates ARGT has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. ARGT pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a iron condor on ARGT?

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 ARGT snapshot

As of May 15, 2026, spot at $86.69, ATM IV 31.60%, IV rank 18.79%, expected move 9.06%. The iron condor on ARGT 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 34-day expiry.

Why this iron condor structure on ARGT specifically: ARGT IV at 31.60% is on the cheap side of its 1-year range, which means a premium-selling ARGT iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 9.06% (roughly $7.85 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated ARGT expiries trade a higher absolute premium for lower per-day decay. Position sizing on ARGT should anchor to the underlying notional of $86.69 per share and to the trader's directional view on ARGT etf.

ARGT iron condor setup

The ARGT 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 ARGT near $86.69, the first option leg uses a $91.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ARGT chain at a 34-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 ARGT shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Call	$91.00	$1.98
Buy 1	Call	$95.00	$0.83
Sell 1	Put	$82.00	$1.33
Buy 1	Put	$80.00	$1.10

ARGT iron condor risk and reward

Net Premium / Debit: +$137.50
Max Profit (per contract): $137.50
Max Loss (per contract): -$262.50
Breakeven(s): $80.63, $92.38
Risk / Reward Ratio: 0.524

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.

ARGT iron condor payoff curve

Modeled P&L at expiration across a range of underlying prices for the iron condor on ARGT. 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%	-$62.50
$19.18	-77.9%	-$62.50
$38.34	-55.8%	-$62.50
$57.51	-33.7%	-$62.50
$76.68	-11.6%	-$62.50
$95.84	+10.6%	-$262.50
$115.01	+32.7%	-$262.50
$134.18	+54.8%	-$262.50
$153.34	+76.9%	-$262.50
$172.51	+99.0%	-$262.50

When traders use iron condor on ARGT

Iron condors on ARGT are a delta-neutral premium-collection structure that profits if ARGT etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.

ARGT thesis for this iron condor

The market-implied 1-standard-deviation range for ARGT extends from approximately $78.84 on the downside to $94.54 on the upside. A ARGT iron condor is a delta-neutral premium-collection structure that pays off when ARGT 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 ARGT IV rank near 18.79% 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 ARGT at 31.60%. As a Financial Services name, ARGT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ARGT-specific events.

ARGT 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. ARGT positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move ARGT alongside the broader basket even when ARGT-specific fundamentals are unchanged. Short-premium structures like a iron condor on ARGT carry tail risk when realized volatility exceeds the implied move; review historical ARGT earnings reactions and macro stress periods before sizing. Always rebuild the position from current ARGT chain quotes before placing a trade.

Frequently asked questions

What is a iron condor on ARGT?: A iron condor on ARGT is the iron condor strategy applied to ARGT (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 ARGT etf trading near $86.69, the strikes shown on this page are snapped to the nearest listed ARGT chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are ARGT 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 ARGT iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 31.60%), the computed maximum profit is $137.50 per contract and the computed maximum loss is -$262.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a ARGT iron condor?: The breakeven for the ARGT iron condor priced on this page is roughly $80.63 and $92.38 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 ARGT market-implied 1-standard-deviation expected move is approximately 9.06%; 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 ARGT?: Iron condors on ARGT are a delta-neutral premium-collection structure that profits if ARGT etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
How does current ARGT implied volatility affect this iron condor?: ARGT ATM IV is at 31.60% with IV rank near 18.79%, 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.