How are DECO 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 DECO iron condor priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 55.60%), the computed maximum profit is $212.50 per contract and the computed maximum loss is -$187.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a DECO iron condor?

The breakeven for the DECO iron condor priced on this page is roughly $67.88 and $79.13 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 DECO market-implied 1-standard-deviation expected move in the same options snapshot is approximately 15.94%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current DECO implied volatility affect this iron condor?

DECO ATM IV is at 55.60% with IV rank near 66.73%, 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.

DECO Iron Condor Strategy

DECO (State Street Galaxy Digital Asset Ecosystem ETF), in the Financial Services sector, (Asset Management - Cryptocurrency industry), listed on NASDAQ.

The State Street Galaxy Digital Asset Ecosystem ETF (DECO) aims to deliver substantial long-term capital growth. It achieves this by investing in companies poised to benefit from the expanding utilization of blockchain and cryptocurrency technologies, alongside direct cryptocurrency exposure via ETFs and futures contracts. The fund's portfolio is actively managed by Galaxy Digital Capital Management (Galaxy), drawing upon their extensive insight into the digital asset landscape and specialized proficiency in blockchain. DECO represents an actively managed investment opportunity from a key player in the digital asset economy, enabling investors to access potential gains driven by the broader acceptance of digital assets.

DECO (State Street Galaxy Digital Asset Ecosystem ETF) trades in the Financial Services sector, specifically Asset Management - Cryptocurrency, with a market capitalization of approximately $20.7M, a beta of 3.72 versus the broader market, a 52-week range of 36.935-84.745, average daily share volume of 1K, a public-listing history dating back to 2024. These structural characteristics shape how DECO etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 3.72 indicates DECO has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. DECO pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a iron condor on DECO?

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.

DECO snapshot

As of August 14, 2026, spot at $73.41, ATM IV 55.60%, IV rank 66.73%, expected move 15.94%. The iron condor on DECO 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 DECO specifically: DECO IV at 55.60% is mid-range versus its 1-year history, so the credit collected on a DECO iron condor sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 15.94% (roughly $11.70 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 DECO expiries trade a higher absolute premium for lower per-day decay. Position sizing on DECO should anchor to the underlying notional of $73.41 per share and to the trader's directional view on DECO etf.

DECO iron condor setup

The DECO 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 DECO at $73.41 on that close, the first option leg uses a $77.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed DECO 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 DECO shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Call	$77.00	$3.58
Buy 1	Call	$81.00	$2.45
Sell 1	Put	$70.00	$3.35
Buy 1	Put	$66.00	$2.35

DECO iron condor risk and reward

Net Premium / Debit: +$212.50
Max Profit (per contract): $212.50
Max Loss (per contract): -$187.50
Breakeven(s): $67.88, $79.13
Risk / Reward Ratio: 1.133

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.

DECO iron condor payoff curve

Modeled P&L at expiration across a range of underlying prices for the iron condor on DECO. 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%	-$187.50
$16.24	-77.9%	-$187.50
$32.47	-55.8%	-$187.50
$48.70	-33.7%	-$187.50
$64.93	-11.6%	-$187.50
$81.16	+10.6%	-$187.50
$97.39	+32.7%	-$187.50
$113.62	+54.8%	-$187.50
$129.85	+76.9%	-$187.50
$146.08	+99.0%	-$187.50

When traders use iron condor on DECO

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

DECO thesis for this iron condor

The market-implied 1-standard-deviation range for DECO extends from approximately $61.71 on the downside to $85.11 on the upside. A DECO iron condor is a delta-neutral premium-collection structure that pays off when DECO 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 DECO IV rank near 66.73% is mid-range against its 1-year distribution, so the IV signal is neutral; the iron condor thesis on DECO should anchor more to the directional view and the expected-move geometry. As a Financial Services name, DECO options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to DECO-specific events.

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

Frequently asked questions

What is a iron condor on DECO?: A iron condor on DECO is the iron condor strategy applied to DECO (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 DECO etf at $73.41 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed DECO chain strike and the premiums come straight from that session's bid/ask midpoint.
How are DECO 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 DECO iron condor priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 55.60%), the computed maximum profit is $212.50 per contract and the computed maximum loss is -$187.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a DECO iron condor?: The breakeven for the DECO iron condor priced on this page is roughly $67.88 and $79.13 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 DECO market-implied 1-standard-deviation expected move in the same options snapshot is approximately 15.94%; 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 DECO?: Iron condors on DECO are a delta-neutral premium-collection structure that profits if DECO etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
How does current DECO implied volatility affect this iron condor?: DECO ATM IV is at 55.60% with IV rank near 66.73%, 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.