How are GOOX 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 GOOX iron condor priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 54.90%), the computed maximum profit is $247.50 per contract and the computed maximum loss is -$252.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a GOOX iron condor?

The breakeven for the GOOX iron condor priced on this page is roughly $67.53 and $79.48 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 GOOX market-implied 1-standard-deviation expected move in the same options snapshot is approximately 15.74%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current GOOX implied volatility affect this iron condor?

GOOX ATM IV is at 54.90% with IV rank near 5.89%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.

GOOX Iron Condor Strategy

GOOX (T-REX 2X Long Alphabet Daily Target ETF), in the Financial Services sector, (Asset Management - Leveraged industry), listed on CBOE.

Under typical conditions, this exchange-traded fund allocates at least 80% of its net assets, potentially augmented by borrowed capital, to various financial instruments. These instruments are strategically chosen to deliver, on a daily basis, a leveraged return equivalent to 200% of the price movement of Alphabet (GOOG) stock. It is important to note that this fund is not diversified.

GOOX (T-REX 2X Long Alphabet Daily Target ETF) trades in the Financial Services sector, specifically Asset Management - Leveraged, with a market capitalization of approximately $48.3M, a beta of 3.10 versus the broader market, a 52-week range of 16.85-107.61, average daily share volume of 92K, a public-listing history dating back to 2024. These structural characteristics shape how GOOX etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 3.10 indicates GOOX has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. GOOX pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a iron condor on GOOX?

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.

GOOX snapshot

As of August 14, 2026, spot at $72.88, ATM IV 54.90%, IV rank 5.89%, expected move 15.74%. The iron condor on GOOX 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 GOOX specifically: GOOX IV at 54.90% is on the cheap side of its 1-year range, which means a premium-selling GOOX iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 15.74% (roughly $11.47 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 GOOX expiries trade a higher absolute premium for lower per-day decay. Position sizing on GOOX should anchor to the underlying notional of $72.88 per share and to the trader's directional view on GOOX etf.

GOOX iron condor setup

The GOOX 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 GOOX at $72.88 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 GOOX 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 GOOX shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Call	$77.00	$3.45
Buy 1	Call	$80.00	$2.68
Sell 1	Put	$70.00	$3.30
Buy 1	Put	$65.00	$1.60

GOOX iron condor risk and reward

Net Premium / Debit: +$247.50
Max Profit (per contract): $247.50
Max Loss (per contract): -$252.50
Breakeven(s): $67.53, $79.48
Risk / Reward Ratio: 0.980

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.

GOOX iron condor payoff curve

Modeled P&L at expiration across a range of underlying prices for the iron condor on GOOX. 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%	-$252.50
$16.12	-77.9%	-$252.50
$32.24	-55.8%	-$252.50
$48.35	-33.7%	-$252.50
$64.46	-11.6%	-$252.50
$80.58	+10.6%	-$52.50
$96.69	+32.7%	-$52.50
$112.80	+54.8%	-$52.50
$128.91	+76.9%	-$52.50
$145.03	+99.0%	-$52.50

When traders use iron condor on GOOX

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

GOOX thesis for this iron condor

The market-implied 1-standard-deviation range for GOOX extends from approximately $61.41 on the downside to $84.35 on the upside. A GOOX iron condor is a delta-neutral premium-collection structure that pays off when GOOX 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 GOOX IV rank near 5.89% sits in the lower third of its 1-year distribution, where IV often re-expands toward the mean; this favors premium-buying structures and disadvantages premium-selling structures on GOOX at 54.90%. As a Financial Services name, GOOX options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to GOOX-specific events.

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

Frequently asked questions

What is a iron condor on GOOX?: A iron condor on GOOX is the iron condor strategy applied to GOOX (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 GOOX etf at $72.88 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed GOOX chain strike and the premiums come straight from that session's bid/ask midpoint.
How are GOOX 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 GOOX iron condor priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 54.90%), the computed maximum profit is $247.50 per contract and the computed maximum loss is -$252.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a GOOX iron condor?: The breakeven for the GOOX iron condor priced on this page is roughly $67.53 and $79.48 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 GOOX market-implied 1-standard-deviation expected move in the same options snapshot is approximately 15.74%; 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 GOOX?: Iron condors on GOOX are a delta-neutral premium-collection structure that profits if GOOX etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
How does current GOOX implied volatility affect this iron condor?: GOOX ATM IV is at 54.90% with IV rank near 5.89%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.