AVMV Iron Condor Strategy
AVMV (Avantis U.S. Mid Cap Value ETF), in the Financial Services sector, (Asset Management industry), listed on AMEX.
Targeting a broad universe of U.S. mid-capitalization companies, this fund is structured to boost expected returns by concentrating on firms with low valuations and strong profitability metrics. It offers the typical advantages of passive indexing, such as extensive diversification, minimal portfolio churn, and clear exposure transparency. However, it also seeks to add significant value by making data-driven investment decisions informed by prevailing market prices. Furthermore, its highly efficient portfolio management and trading systems are engineered to optimize performance while simultaneously reducing superfluous risks and operational costs.
AVMV (Avantis U.S. Mid Cap Value ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $360.3M, a beta of 0.92 versus the broader market, a 52-week range of 66.13-84.26, average daily share volume of 55K, a public-listing history dating back to 2023. These structural characteristics shape how AVMV etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.92 places AVMV roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. AVMV pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a iron condor on AVMV?
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.
AVMV snapshot
As of November 13, 2026, spot at $80.11. The iron condor on AVMV below is built from the November 13, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 7-day expiry.
Why this iron condor structure on AVMV specifically: IV rank is unavailable in the current snapshot, so regime-based timing for AVMV is inferred from ATM IV alone. The 7-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated AVMV expiries trade a higher absolute premium for lower per-day decay. Position sizing on AVMV should anchor to the underlying notional of $80.11 per share and to the trader's directional view on AVMV etf.
AVMV iron condor setup
The AVMV iron condor below is built from the November 13, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With AVMV at $80.11 on that close, the first option leg uses a $84.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AVMV chain at a 7-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 AVMV shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $84.00 | $0.64 |
| Buy 1 | Call | $87.00 | $0.16 |
| Sell 1 | Put | $76.00 | $0.12 |
| Buy 1 | Put | $72.00 | $0.01 |
AVMV iron condor risk and reward
- Net Premium / Debit
- +$59.00
- Max Profit (per contract)
- $59.00
- Max Loss (per contract)
- -$341.00
- Breakeven(s)
- $75.41, $84.59
- Risk / Reward Ratio
- 0.173
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.
AVMV iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on AVMV. 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% | -$341.00 |
| $17.72 | -77.9% | -$341.00 |
| $35.43 | -55.8% | -$341.00 |
| $53.14 | -33.7% | -$341.00 |
| $70.86 | -11.6% | -$341.00 |
| $88.57 | +10.6% | -$241.00 |
| $106.28 | +32.7% | -$241.00 |
| $123.99 | +54.8% | -$241.00 |
| $141.70 | +76.9% | -$241.00 |
| $159.41 | +99.0% | -$241.00 |
When traders use iron condor on AVMV
Iron condors on AVMV are a delta-neutral premium-collection structure that profits if AVMV etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
AVMV thesis for this iron condor
A AVMV iron condor is a delta-neutral premium-collection structure that pays off when AVMV 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. As a Financial Services name, AVMV options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AVMV-specific events.
AVMV 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. AVMV positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move AVMV alongside the broader basket even when AVMV-specific fundamentals are unchanged. Short-premium structures like a iron condor on AVMV carry tail risk when realized volatility exceeds the implied move; review historical AVMV earnings reactions and macro stress periods before sizing. Always rebuild the position from current AVMV chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on AVMV?
- A iron condor on AVMV is the iron condor strategy applied to AVMV (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 AVMV etf at $80.11 on the November 13, 2026 close, the strikes shown on this page are snapped to the nearest listed AVMV chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are AVMV 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 AVMV iron condor priced from the November 13, 2026 end-of-day chain at a 30-day expiry (ATM IV the current ATM IV), the computed maximum profit is $59.00 per contract and the computed maximum loss is -$341.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a AVMV iron condor?
- The breakeven for the AVMV iron condor priced on this page is roughly $75.41 and $84.59 at expiration, derived from the November 13, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk.
- When should you consider a iron condor on AVMV?
- Iron condors on AVMV are a delta-neutral premium-collection structure that profits if AVMV etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current AVMV implied volatility affect this iron condor?
- Current AVMV ATM IV is the current ATM IV; IV rank context is unavailable in the current snapshot.