AVGV Iron Condor Strategy
AVGV (Avantis All Equity Markets Value ETF 9), in the Financial Services sector, (Asset Management industry), listed on AMEX.
Designed to provide exposure to a broadly diversified set of companies, sectors and countries while focusing on securities we believe have higher expected returns*–companies trading at lower valuations with higher profitability ratios. The strategy pursues its objective through investing in a series of other Avantis exchange-traded funds (ETFs).Pursues the benefits associated with indexing (diversification, low turnover, transparency of exposures), but with the ability to add value by making investment decisions using information in current prices.Efficient portfolio management and trading process that is designed to enhance returns while seeking to reduce unnecessary risks and transaction costs for investors.This strategy is built to provide an investor with an effective total-market value allocation.
AVGV (Avantis All Equity Markets Value ETF 9) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $319.0M, a beta of 0.81 versus the broader market, a 52-week range of 61.8-84.42, average daily share volume of 30K, a public-listing history dating back to 2023. These structural characteristics shape how AVGV etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.81 places AVGV roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. AVGV pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a iron condor on AVGV?
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 AVGV snapshot
As of May 15, 2026, spot at $83.17, ATM IV 17.90%, IV rank 20.95%, expected move 5.13%. The iron condor on AVGV 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 AVGV specifically: AVGV IV at 17.90% is on the cheap side of its 1-year range, which means a premium-selling AVGV iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 5.13% (roughly $4.27 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 AVGV expiries trade a higher absolute premium for lower per-day decay. Position sizing on AVGV should anchor to the underlying notional of $83.17 per share and to the trader's directional view on AVGV etf.
AVGV iron condor setup
The AVGV 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 AVGV near $83.17, the first option leg uses a $87.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AVGV 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 AVGV shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $87.00 | $0.58 |
| Buy 1 | Call | $91.00 | $0.11 |
| Sell 1 | Put | $79.00 | $0.43 |
| Buy 1 | Put | $75.00 | $0.06 |
AVGV iron condor risk and reward
- Net Premium / Debit
- +$84.00
- Max Profit (per contract)
- $84.00
- Max Loss (per contract)
- -$316.00
- Breakeven(s)
- $78.16, $87.84
- Risk / Reward Ratio
- 0.266
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.
AVGV iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on AVGV. 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% | -$316.00 |
| $18.40 | -77.9% | -$316.00 |
| $36.79 | -55.8% | -$316.00 |
| $55.17 | -33.7% | -$316.00 |
| $73.56 | -11.6% | -$316.00 |
| $91.95 | +10.6% | -$316.00 |
| $110.34 | +32.7% | -$316.00 |
| $128.73 | +54.8% | -$316.00 |
| $147.12 | +76.9% | -$316.00 |
| $165.50 | +99.0% | -$316.00 |
When traders use iron condor on AVGV
Iron condors on AVGV are a delta-neutral premium-collection structure that profits if AVGV etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
AVGV thesis for this iron condor
The market-implied 1-standard-deviation range for AVGV extends from approximately $78.90 on the downside to $87.44 on the upside. A AVGV iron condor is a delta-neutral premium-collection structure that pays off when AVGV 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 AVGV IV rank near 20.95% 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 AVGV at 17.90%. As a Financial Services name, AVGV options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AVGV-specific events.
AVGV 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. AVGV positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move AVGV alongside the broader basket even when AVGV-specific fundamentals are unchanged. Short-premium structures like a iron condor on AVGV carry tail risk when realized volatility exceeds the implied move; review historical AVGV earnings reactions and macro stress periods before sizing. Always rebuild the position from current AVGV chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on AVGV?
- A iron condor on AVGV is the iron condor strategy applied to AVGV (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 AVGV etf trading near $83.17, the strikes shown on this page are snapped to the nearest listed AVGV chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are AVGV 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 AVGV iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 17.90%), the computed maximum profit is $84.00 per contract and the computed maximum loss is -$316.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a AVGV iron condor?
- The breakeven for the AVGV iron condor priced on this page is roughly $78.16 and $87.84 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 AVGV market-implied 1-standard-deviation expected move is approximately 5.13%; 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 AVGV?
- Iron condors on AVGV are a delta-neutral premium-collection structure that profits if AVGV etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current AVGV implied volatility affect this iron condor?
- AVGV ATM IV is at 17.90% with IV rank near 20.95%, 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.