How are COMT 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 COMT iron condor priced from the November 13, 2026 end-of-day chain at a 30-day expiry (ATM IV 118.60%), the computed maximum profit is $257.50 per contract and the computed maximum loss is $57.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a COMT iron condor?

The breakeven for the COMT iron condor priced on this page is no defined breakeven on the modeled curve 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. The COMT market-implied 1-standard-deviation expected move in the same options snapshot is approximately 34.00%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current COMT implied volatility affect this iron condor?

COMT ATM IV is at 118.60% with IV rank near 67.54%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.

COMT Iron Condor Strategy

COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF), in the Financial Services sector, (Asset Management industry), listed on NASDAQ.

The iShares GSCI Commodity Dynamic Roll Strategy ETF (known as the Fund) is designed to mirror the financial performance of an underlying benchmark. This index comprises a diverse portfolio of commodity assets. A key feature of its approach is an advanced "dynamic roll selection" strategy, which optimizes the management of futures contracts. The Fund's objective is to deliver comprehensive total returns to investors.

COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $767.4M, a beta of 1.17 versus the broader market, a 52-week range of 24.24-39.352, average daily share volume of 257K, a public-listing history dating back to 2014. These structural characteristics shape how COMT etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.17 places COMT roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. COMT pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a iron condor on COMT?

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.

COMT snapshot

As of November 13, 2026, spot at $35.42, ATM IV 118.60%, IV rank 67.54%, expected move 34.00%. The iron condor on COMT 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 35-day expiry.

Why this iron condor structure on COMT specifically: COMT IV at 118.60% is mid-range versus its 1-year history, so the credit collected on a COMT iron condor sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 34.00% (roughly $12.04 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 COMT expiries trade a higher absolute premium for lower per-day decay. Position sizing on COMT should anchor to the underlying notional of $35.42 per share and to the trader's directional view on COMT etf.

COMT iron condor setup

The COMT 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 COMT at $35.42 on that close, the first option leg uses a $37.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed COMT 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 COMT shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Call	$37.00	$3.00
Buy 1	Call	$39.00	$2.15
Sell 1	Put	$34.00	$6.10
Buy 1	Put	$32.00	$4.38

COMT iron condor risk and reward

Net Premium / Debit: +$257.50
Max Profit (per contract): $257.50
Max Loss (per contract): $57.50
Breakeven(s): None on modeled curve
Risk / Reward Ratio: 4.478

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.

COMT iron condor payoff curve

Modeled P&L at expiration across a range of underlying prices for the iron condor on COMT. 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.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	+$57.50
$7.84	-77.9%	+$57.50
$15.67	-55.8%	+$57.50
$23.50	-33.6%	+$57.50
$31.33	-11.5%	+$57.50
$39.16	+10.6%	+$57.50
$46.99	+32.7%	+$57.50
$54.82	+54.8%	+$57.50
$62.65	+76.9%	+$57.50
$70.48	+99.0%	+$57.50

When traders use iron condor on COMT

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

COMT thesis for this iron condor

The market-implied 1-standard-deviation range for COMT extends from approximately $23.38 on the downside to $47.46 on the upside. A COMT iron condor is a delta-neutral premium-collection structure that pays off when COMT 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 COMT IV rank near 67.54% is mid-range against its 1-year distribution, so the IV signal is neutral; the iron condor thesis on COMT should anchor more to the directional view and the expected-move geometry. As a Financial Services name, COMT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to COMT-specific events.

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

Frequently asked questions

What is a iron condor on COMT?: A iron condor on COMT is the iron condor strategy applied to COMT (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 COMT etf at $35.42 on the November 13, 2026 close, the strikes shown on this page are snapped to the nearest listed COMT chain strike and the premiums come straight from that session's bid/ask midpoint.
How are COMT 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 COMT iron condor priced from the November 13, 2026 end-of-day chain at a 30-day expiry (ATM IV 118.60%), the computed maximum profit is $257.50 per contract and the computed maximum loss is $57.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a COMT iron condor?: The breakeven for the COMT iron condor priced on this page is no defined breakeven on the modeled curve 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. The COMT market-implied 1-standard-deviation expected move in the same options snapshot is approximately 34.00%; 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 COMT?: Iron condors on COMT are a delta-neutral premium-collection structure that profits if COMT etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
How does current COMT implied volatility affect this iron condor?: COMT ATM IV is at 118.60% with IV rank near 67.54%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.