QRFT Iron Condor Strategy
QRFT (QRAFT AI-Enhanced U.S. Large Cap ETF), in the Financial Services sector, (Asset Management industry), listed on AMEX.
The fund is an actively-managed ETF that seeks to achieve its investment objective by utilizing an investment strategy enhanced by the use of artificial intelligence. The fund invests at least 80% of its net assets, plus the amounts of any borrowings for investment purposes, in securities of U.S.-listed large capitalization companies. In pursuing its investment objective, the Adviser consults a database generated by Qraft's AI Quantitative Investment System, which automatically evaluates and filters data according to parameters supporting a particular investment thesis. The fund is non-diversified.
QRFT (QRAFT AI-Enhanced U.S. Large Cap ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $15.0M, a beta of 1.07 versus the broader market, a 52-week range of 52.5-69.255, average daily share volume of 2K, a public-listing history dating back to 2019. These structural characteristics shape how QRFT etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.07 places QRFT roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. QRFT pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a iron condor on QRFT?
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 QRFT snapshot
As of May 15, 2026, spot at $68.63, ATM IV 14.80%, IV rank 0.58%, expected move 4.24%. The iron condor on QRFT 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 QRFT specifically: QRFT IV at 14.80% is on the cheap side of its 1-year range, which means a premium-selling QRFT iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 4.24% (roughly $2.91 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 QRFT expiries trade a higher absolute premium for lower per-day decay. Position sizing on QRFT should anchor to the underlying notional of $68.63 per share and to the trader's directional view on QRFT etf.
QRFT iron condor setup
The QRFT 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 QRFT near $68.63, the first option leg uses a $72.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed QRFT 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 QRFT shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $72.00 | $0.59 |
| Buy 1 | Call | $75.00 | $0.13 |
| Sell 1 | Put | $65.00 | $0.53 |
| Buy 1 | Put | $62.00 | $0.16 |
QRFT iron condor risk and reward
- Net Premium / Debit
- +$83.00
- Max Profit (per contract)
- $83.00
- Max Loss (per contract)
- -$217.00
- Breakeven(s)
- $64.17, $72.83
- Risk / Reward Ratio
- 0.382
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.
QRFT iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on QRFT. 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% | -$217.00 |
| $15.18 | -77.9% | -$217.00 |
| $30.36 | -55.8% | -$217.00 |
| $45.53 | -33.7% | -$217.00 |
| $60.70 | -11.5% | -$217.00 |
| $75.88 | +10.6% | -$217.00 |
| $91.05 | +32.7% | -$217.00 |
| $106.22 | +54.8% | -$217.00 |
| $121.40 | +76.9% | -$217.00 |
| $136.57 | +99.0% | -$217.00 |
When traders use iron condor on QRFT
Iron condors on QRFT are a delta-neutral premium-collection structure that profits if QRFT etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
QRFT thesis for this iron condor
The market-implied 1-standard-deviation range for QRFT extends from approximately $65.72 on the downside to $71.54 on the upside. A QRFT iron condor is a delta-neutral premium-collection structure that pays off when QRFT 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 QRFT IV rank near 0.58% 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 QRFT at 14.80%. As a Financial Services name, QRFT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to QRFT-specific events.
QRFT 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. QRFT positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move QRFT alongside the broader basket even when QRFT-specific fundamentals are unchanged. Short-premium structures like a iron condor on QRFT carry tail risk when realized volatility exceeds the implied move; review historical QRFT earnings reactions and macro stress periods before sizing. Always rebuild the position from current QRFT chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on QRFT?
- A iron condor on QRFT is the iron condor strategy applied to QRFT (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 QRFT etf trading near $68.63, the strikes shown on this page are snapped to the nearest listed QRFT chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are QRFT 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 QRFT iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 14.80%), the computed maximum profit is $83.00 per contract and the computed maximum loss is -$217.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a QRFT iron condor?
- The breakeven for the QRFT iron condor priced on this page is roughly $64.17 and $72.83 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 QRFT market-implied 1-standard-deviation expected move is approximately 4.24%; 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 QRFT?
- Iron condors on QRFT are a delta-neutral premium-collection structure that profits if QRFT etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current QRFT implied volatility affect this iron condor?
- QRFT ATM IV is at 14.80% with IV rank near 0.58%, 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.