How are FLKR 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 FLKR iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 84.80%), the computed maximum profit is $182.50 per contract and the computed maximum loss is -$117.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a FLKR iron condor?

The breakeven for the FLKR iron condor priced on this page is roughly $59.18 and $69.86 at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current FLKR market-implied 1-standard-deviation expected move is approximately 24.31%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current FLKR implied volatility affect this iron condor?

Current FLKR ATM IV is 84.80%; IV rank context is unavailable in the current snapshot.

FLKR Iron Condor Strategy

FLKR (Franklin FTSE South Korea ETF), in the Financial Services sector, (Asset Management - Global industry), listed on AMEX.

This fund endeavors to replicate the investment returns of the FTSE South Korea RIC Capped Index (also known as the FTSE South Korea Capped Index), before accounting for any associated fees and operational expenses.

FLKR (Franklin FTSE South Korea ETF) trades in the Financial Services sector, specifically Asset Management - Global, with a market capitalization of approximately $1.07B, a beta of 2.51 versus the broader market, a 52-week range of 23.837-72.49, average daily share volume of 748K, a public-listing history dating back to 2017. These structural characteristics shape how FLKR etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 2.51 indicates FLKR has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. FLKR pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a iron condor on FLKR?

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.

Current FLKR snapshot

As of June 29, 2026, spot at $64.31, ATM IV 84.80%, expected move 24.31%. The iron condor on FLKR below is built from the same end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 18-day expiry.

Why this iron condor structure on FLKR specifically: IV rank is unavailable in the current snapshot, so regime-based timing for FLKR is inferred from ATM IV at 84.80% alone, with a market-implied 1-standard-deviation move of approximately 24.31% (roughly $15.63 on the underlying). The 18-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated FLKR expiries trade a higher absolute premium for lower per-day decay. Position sizing on FLKR should anchor to the underlying notional of $64.31 per share and to the trader's directional view on FLKR etf.

FLKR iron condor setup

The FLKR iron condor below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With FLKR near $64.31, the first option leg uses a $68.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed FLKR chain at a 18-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 FLKR shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Call	$68.00	$3.05
Buy 1	Call	$70.00	$2.30
Sell 1	Put	$61.00	$3.90
Buy 1	Put	$58.00	$2.83

FLKR iron condor risk and reward

Net Premium / Debit: +$182.50
Max Profit (per contract): $182.50
Max Loss (per contract): -$117.50
Breakeven(s): $59.18, $69.86
Risk / Reward Ratio: 1.553

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.

FLKR iron condor payoff curve

Modeled P&L at expiration across a range of underlying prices for the iron condor on FLKR. 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%	-$117.50
$14.23	-77.9%	-$117.50
$28.45	-55.8%	-$117.50
$42.66	-33.7%	-$117.50
$56.88	-11.5%	-$117.50
$71.10	+10.6%	-$17.50
$85.32	+32.7%	-$17.50
$99.54	+54.8%	-$17.50
$113.76	+76.9%	-$17.50
$127.97	+99.0%	-$17.50

When traders use iron condor on FLKR

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

FLKR thesis for this iron condor

The market-implied 1-standard-deviation range for FLKR extends from approximately $48.68 on the downside to $79.94 on the upside. A FLKR iron condor is a delta-neutral premium-collection structure that pays off when FLKR 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, FLKR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to FLKR-specific events.

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

Frequently asked questions

What is a iron condor on FLKR?: A iron condor on FLKR is the iron condor strategy applied to FLKR (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 FLKR etf trading near $64.31, the strikes shown on this page are snapped to the nearest listed FLKR chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are FLKR 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 FLKR iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 84.80%), the computed maximum profit is $182.50 per contract and the computed maximum loss is -$117.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a FLKR iron condor?: The breakeven for the FLKR iron condor priced on this page is roughly $59.18 and $69.86 at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current FLKR market-implied 1-standard-deviation expected move is approximately 24.31%; 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 FLKR?: Iron condors on FLKR are a delta-neutral premium-collection structure that profits if FLKR etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
How does current FLKR implied volatility affect this iron condor?: Current FLKR ATM IV is 84.80%; IV rank context is unavailable in the current snapshot.