QDVO Iron Condor Strategy
QDVO (Amplify CWP Growth & Income ETF), in the Financial Services sector, (Asset Management industry), listed on AMEX.
The Amplify CWP Growth & Income ETF (QDVO), an actively managed ETF, seeks to provide capital appreciation and, secondarily, high current income. QDVO consists primarily of large-cap dividend growth stocks and is designed to offer high levels of total return on a risk-adjusted basis.
QDVO (Amplify CWP Growth & Income ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $334.5M, a beta of 1.01 versus the broader market, a 52-week range of 25.75-30.69, average daily share volume of 278K, a public-listing history dating back to 2024. These structural characteristics shape how QDVO etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.01 places QDVO roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. QDVO pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a iron condor on QDVO?
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 QDVO snapshot
As of May 15, 2026, spot at $30.67, ATM IV 35.30%, IV rank 6.39%, expected move 10.12%. The iron condor on QDVO 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 63-day expiry.
Why this iron condor structure on QDVO specifically: QDVO IV at 35.30% is on the cheap side of its 1-year range, which means a premium-selling QDVO iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 10.12% (roughly $3.10 on the underlying). The 63-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated QDVO expiries trade a higher absolute premium for lower per-day decay. Position sizing on QDVO should anchor to the underlying notional of $30.67 per share and to the trader's directional view on QDVO etf.
QDVO iron condor setup
The QDVO 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 QDVO near $30.67, the first option leg uses a $32.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed QDVO chain at a 63-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 QDVO shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $32.00 | $1.27 |
| Buy 1 | Call | $34.00 | $0.72 |
| Sell 1 | Put | $29.00 | $1.27 |
| Buy 1 | Put | $28.00 | $0.89 |
QDVO iron condor risk and reward
- Net Premium / Debit
- +$93.00
- Max Profit (per contract)
- $93.00
- Max Loss (per contract)
- -$107.00
- Breakeven(s)
- $28.07, $32.93
- Risk / Reward Ratio
- 0.869
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.
QDVO iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on QDVO. 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% | -$7.00 |
| $6.79 | -77.9% | -$7.00 |
| $13.57 | -55.8% | -$7.00 |
| $20.35 | -33.6% | -$7.00 |
| $27.13 | -11.5% | -$7.00 |
| $33.91 | +10.6% | -$98.10 |
| $40.69 | +32.7% | -$107.00 |
| $47.47 | +54.8% | -$107.00 |
| $54.25 | +76.9% | -$107.00 |
| $61.03 | +99.0% | -$107.00 |
When traders use iron condor on QDVO
Iron condors on QDVO are a delta-neutral premium-collection structure that profits if QDVO etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
QDVO thesis for this iron condor
The market-implied 1-standard-deviation range for QDVO extends from approximately $27.57 on the downside to $33.77 on the upside. A QDVO iron condor is a delta-neutral premium-collection structure that pays off when QDVO 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 QDVO IV rank near 6.39% 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 QDVO at 35.30%. As a Financial Services name, QDVO options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to QDVO-specific events.
QDVO 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. QDVO positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move QDVO alongside the broader basket even when QDVO-specific fundamentals are unchanged. Short-premium structures like a iron condor on QDVO carry tail risk when realized volatility exceeds the implied move; review historical QDVO earnings reactions and macro stress periods before sizing. Always rebuild the position from current QDVO chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on QDVO?
- A iron condor on QDVO is the iron condor strategy applied to QDVO (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 QDVO etf trading near $30.67, the strikes shown on this page are snapped to the nearest listed QDVO chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are QDVO 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 QDVO iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 35.30%), the computed maximum profit is $93.00 per contract and the computed maximum loss is -$107.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a QDVO iron condor?
- The breakeven for the QDVO iron condor priced on this page is roughly $28.07 and $32.93 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 QDVO market-implied 1-standard-deviation expected move is approximately 10.12%; 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 QDVO?
- Iron condors on QDVO are a delta-neutral premium-collection structure that profits if QDVO etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current QDVO implied volatility affect this iron condor?
- QDVO ATM IV is at 35.30% with IV rank near 6.39%, 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.