PTIN Iron Condor Strategy
PTIN (Pacer Trendpilot International ETF), in the Financial Services sector, (Asset Management industry), listed on AMEX.
A strategy driven international exchange traded fund (ETF) that uses trend following to alternate exposure between equities and T-Bills.
PTIN (Pacer Trendpilot International ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $184.1M, a beta of 0.92 versus the broader market, a 52-week range of 25.5-36.06, average daily share volume of 23K, a public-listing history dating back to 2019. These structural characteristics shape how PTIN etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.92 places PTIN roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. PTIN pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a iron condor on PTIN?
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 PTIN snapshot
As of May 15, 2026, spot at $35.22, ATM IV 30.20%, IV rank 15.38%, expected move 8.66%. The iron condor on PTIN 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 34-day expiry.
Why this iron condor structure on PTIN specifically: PTIN IV at 30.20% is on the cheap side of its 1-year range, which means a premium-selling PTIN iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 8.66% (roughly $3.05 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated PTIN expiries trade a higher absolute premium for lower per-day decay. Position sizing on PTIN should anchor to the underlying notional of $35.22 per share and to the trader's directional view on PTIN etf.
PTIN iron condor setup
The PTIN 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 PTIN near $35.22, the first option leg uses a $36.98 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed PTIN chain at a 34-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 PTIN shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $36.98 | N/A |
| Buy 1 | Call | $38.74 | N/A |
| Sell 1 | Put | $33.46 | N/A |
| Buy 1 | Put | $31.70 | N/A |
PTIN iron condor risk and reward
- Net Premium / Debit
- N/A
- Max Profit (per contract)
- Unbounded
- Max Loss (per contract)
- Unbounded
- Breakeven(s)
- None on modeled curve
- Risk / Reward Ratio
- N/A
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.
PTIN iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on PTIN. 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.
When traders use iron condor on PTIN
Iron condors on PTIN are a delta-neutral premium-collection structure that profits if PTIN etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
PTIN thesis for this iron condor
The market-implied 1-standard-deviation range for PTIN extends from approximately $32.17 on the downside to $38.27 on the upside. A PTIN iron condor is a delta-neutral premium-collection structure that pays off when PTIN 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 PTIN IV rank near 15.38% 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 PTIN at 30.20%. As a Financial Services name, PTIN options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to PTIN-specific events.
PTIN 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. PTIN positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move PTIN alongside the broader basket even when PTIN-specific fundamentals are unchanged. Short-premium structures like a iron condor on PTIN carry tail risk when realized volatility exceeds the implied move; review historical PTIN earnings reactions and macro stress periods before sizing. Always rebuild the position from current PTIN chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on PTIN?
- A iron condor on PTIN is the iron condor strategy applied to PTIN (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 PTIN etf trading near $35.22, the strikes shown on this page are snapped to the nearest listed PTIN chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are PTIN 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 PTIN iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 30.20%), the computed maximum profit is unbounded per contract and the computed maximum loss is unbounded per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a PTIN iron condor?
- The breakeven for the PTIN iron condor priced on this page is no defined breakeven on the modeled curve 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 PTIN market-implied 1-standard-deviation expected move is approximately 8.66%; 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 PTIN?
- Iron condors on PTIN are a delta-neutral premium-collection structure that profits if PTIN etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current PTIN implied volatility affect this iron condor?
- PTIN ATM IV is at 30.20% with IV rank near 15.38%, 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.