AXTU Iron Condor Strategy
AXTU (T-REX 2X Long SOL Daily Target ETF), in the Financial Services sector, (Asset Management industry), listed on CBOE.
ETF Opportunities Trust - T-REX 2X Long SOL Daily Target ETF is an exchange traded fund launched by ETF Opportunities Trust. The fund is managed by Tuttle Capital Management, LLC. The fund invests in the currency markets. The fund invests directly and through derivatives in SOL. It uses derivatives such as options and swaps to create its portfolio. ETF Opportunities Trust - T-REX 2X Long SOL Daily Target ETF is domiciled was formed on December 2, 2025 and in the United States.
AXTU (T-REX 2X Long SOL Daily Target ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $2.6M, a beta of -3.43 versus the broader market, a 52-week range of 7.6-33.565, average daily share volume of 9K, a public-listing history dating back to 2025. These structural characteristics shape how AXTU etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of -3.43 indicates AXTU has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure.
What is a iron condor on AXTU?
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.
AXTU snapshot
As of August 14, 2026, spot at $6.47, ATM IV 364.50%, expected move 104.50%. The iron condor on AXTU below is built from the August 14, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 35-day expiry.
Why this iron condor structure on AXTU specifically: IV rank is unavailable in the current snapshot, so regime-based timing for AXTU is inferred from ATM IV at 364.50% alone, with a market-implied 1-standard-deviation move of approximately 104.50% (roughly $6.76 on the underlying). The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated AXTU expiries trade a higher absolute premium for lower per-day decay. Position sizing on AXTU should anchor to the underlying notional of $6.47 per share and to the trader's directional view on AXTU etf.
AXTU iron condor setup
The AXTU iron condor below is built from the August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With AXTU at $6.47 on that close, the first option leg uses a $7.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AXTU chain at a 35-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 AXTU shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $7.00 | $2.23 |
| Buy 1 | Call | $7.00 | $2.23 |
| Sell 1 | Put | $6.00 | $2.55 |
| Buy 1 | Put | $6.00 | $2.55 |
AXTU iron condor risk and reward
- Net Premium / Debit
- $0.00
- Max Profit (per contract)
- $0.00
- Max Loss (per contract)
- $0.00
- Breakeven(s)
- None on modeled curve
- Risk / Reward Ratio
- N/A
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.
AXTU iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on AXTU. 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 | -99.8% | $0.00 |
| $1.44 | -77.8% | $0.00 |
| $2.87 | -55.7% | $0.00 |
| $4.30 | -33.6% | $0.00 |
| $5.73 | -11.5% | $0.00 |
| $7.16 | +10.6% | $0.00 |
| $8.59 | +32.7% | $0.00 |
| $10.02 | +54.8% | $0.00 |
| $11.45 | +76.9% | $0.00 |
| $12.88 | +99.0% | $0.00 |
When traders use iron condor on AXTU
Iron condors on AXTU are a delta-neutral premium-collection structure that profits if AXTU etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
AXTU thesis for this iron condor
The market-implied 1-standard-deviation range for AXTU extends from approximately $-0.29 on the downside to $13.23 on the upside. A AXTU iron condor is a delta-neutral premium-collection structure that pays off when AXTU 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, AXTU options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AXTU-specific events.
AXTU 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. AXTU positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move AXTU alongside the broader basket even when AXTU-specific fundamentals are unchanged. Short-premium structures like a iron condor on AXTU carry tail risk when realized volatility exceeds the implied move; review historical AXTU earnings reactions and macro stress periods before sizing. Always rebuild the position from current AXTU chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on AXTU?
- A iron condor on AXTU is the iron condor strategy applied to AXTU (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 AXTU etf at $6.47 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed AXTU chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are AXTU 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 AXTU iron condor priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 364.50%), the computed maximum profit is $0.00 per contract and the computed maximum loss is $0.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a AXTU iron condor?
- The breakeven for the AXTU iron condor priced on this page is no defined breakeven on the modeled curve at expiration, derived from the August 14, 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. The AXTU market-implied 1-standard-deviation expected move in the same options snapshot is approximately 104.50%; 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 AXTU?
- Iron condors on AXTU are a delta-neutral premium-collection structure that profits if AXTU etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current AXTU implied volatility affect this iron condor?
- Current AXTU ATM IV is 364.50%; IV rank context is unavailable in the current snapshot.