ERTH Iron Condor Strategy
ERTH (Invesco MSCI Sustainable Future ETF), in the Financial Services sector, (Asset Management - Global industry), listed on AMEX.
The Invesco MSCI Sustainable Future ETF (ERTH) is an exchange-traded fund structured to mirror the performance of the MSCI Global Environment Select Index. To achieve its investment objective, the Fund generally dedicates at least 90% of its total assets to the specific securities that constitute this benchmark index. The underlying Index is composed of companies distinguished by their focus on developing products or delivering services that foster a more environmentally sound global economy. These companies contribute to this goal by promoting the more efficient use of the world's resources. The design of the Index emphasizes significant exposure to six key environmental impact areas: alternative energy solutions, enhancements in energy efficiency, sustainable building practices, responsible water management, measures for pollution prevention and control, and sustainable agricultural techniques. Both the Fund and the Index are reviewed and rebalanced every three months.
ERTH (Invesco MSCI Sustainable Future ETF) trades in the Financial Services sector, specifically Asset Management - Global, with a market capitalization of approximately $117.7M, a beta of 1.12 versus the broader market, a 52-week range of 40.27-51.45, average daily share volume of 4K, a public-listing history dating back to 2006. These structural characteristics shape how ERTH etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.12 places ERTH roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. ERTH pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a iron condor on ERTH?
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.
ERTH snapshot
As of November 13, 2026, spot at $40.85. The iron condor on ERTH 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 ERTH specifically: IV rank is unavailable in the current snapshot, so regime-based timing for ERTH is inferred from ATM IV alone. The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated ERTH expiries trade a higher absolute premium for lower per-day decay. Position sizing on ERTH should anchor to the underlying notional of $40.85 per share and to the trader's directional view on ERTH etf.
ERTH iron condor setup
The ERTH 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 ERTH at $40.85 on that close, the first option leg uses a $43.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ERTH 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 ERTH shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $43.00 | $0.41 |
| Buy 1 | Call | $45.00 | $0.12 |
| Sell 1 | Put | $39.00 | $0.49 |
| Buy 1 | Put | $37.00 | $0.13 |
ERTH iron condor risk and reward
- Net Premium / Debit
- +$65.00
- Max Profit (per contract)
- $65.00
- Max Loss (per contract)
- -$135.00
- Breakeven(s)
- $38.35, $43.65
- Risk / Reward Ratio
- 0.481
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.
ERTH iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on ERTH. 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% | -$135.00 |
| $9.04 | -77.9% | -$135.00 |
| $18.07 | -55.8% | -$135.00 |
| $27.10 | -33.7% | -$135.00 |
| $36.13 | -11.5% | -$135.00 |
| $45.17 | +10.6% | -$135.00 |
| $54.20 | +32.7% | -$135.00 |
| $63.23 | +54.8% | -$135.00 |
| $72.26 | +76.9% | -$135.00 |
| $81.29 | +99.0% | -$135.00 |
When traders use iron condor on ERTH
Iron condors on ERTH are a delta-neutral premium-collection structure that profits if ERTH etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
ERTH thesis for this iron condor
A ERTH iron condor is a delta-neutral premium-collection structure that pays off when ERTH 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, ERTH options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ERTH-specific events.
ERTH 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. ERTH positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move ERTH alongside the broader basket even when ERTH-specific fundamentals are unchanged. Short-premium structures like a iron condor on ERTH carry tail risk when realized volatility exceeds the implied move; review historical ERTH earnings reactions and macro stress periods before sizing. Always rebuild the position from current ERTH chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on ERTH?
- A iron condor on ERTH is the iron condor strategy applied to ERTH (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 ERTH etf at $40.85 on the November 13, 2026 close, the strikes shown on this page are snapped to the nearest listed ERTH chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are ERTH 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 ERTH 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 $65.00 per contract and the computed maximum loss is -$135.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a ERTH iron condor?
- The breakeven for the ERTH iron condor priced on this page is roughly $38.35 and $43.65 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 ERTH?
- Iron condors on ERTH are a delta-neutral premium-collection structure that profits if ERTH etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current ERTH implied volatility affect this iron condor?
- Current ERTH ATM IV is the current ATM IV; IV rank context is unavailable in the current snapshot.