REMX Iron Condor Strategy
REMX (VanEck Rare Earth and Strategic Metals ETF), in the Financial Services sector, (Asset Management industry), listed on AMEX.
VanEck ETF Trust - VanEck Rare Earth and Strategic Metals ETF is an exchange traded fund launched and managed by Van Eck Associates Corporation. It invests in public equity markets of global region. It invests in stocks of companies operating across materials, metals and mining sectors. It invests in growth and value stocks of companies across diversified market capitalization. It seeks to track the performance of the MVIS Global Rare Earth/Strategic Metals Index and MSCI ACWI Index, by using full replication technique. VanEck ETF Trust - VanEck Rare Earth and Strategic Metals ETF was formed on October 27, 2010 and is domiciled in the United States.
REMX (VanEck Rare Earth and Strategic Metals ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $835.5M, a beta of 1.42 versus the broader market, a 52-week range of 62.55-111.55, average daily share volume of 724K, a public-listing history dating back to 2010. These structural characteristics shape how REMX etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.42 indicates REMX has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. REMX pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a iron condor on REMX?
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.
REMX snapshot
As of September 29, 2026, spot at $64.95, ATM IV 39.00%, IV rank 27.24%, expected move 11.18%. The iron condor on REMX below is built from the September 29, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 17-day expiry.
Why this iron condor structure on REMX specifically: REMX IV at 39.00% is on the cheap side of its 1-year range, which means a premium-selling REMX iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 11.18% (roughly $7.26 on the underlying). The 17-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated REMX expiries trade a higher absolute premium for lower per-day decay. Position sizing on REMX should anchor to the underlying notional of $64.95 per share and to the trader's directional view on REMX etf.
REMX iron condor setup
The REMX iron condor below is built from the September 29, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With REMX at $64.95 on that close, 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 REMX chain at a 17-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 REMX shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $68.00 | $1.48 |
| Buy 1 | Call | $71.00 | $0.28 |
| Sell 1 | Put | $62.00 | $1.09 |
| Buy 1 | Put | $60.00 | $0.53 |
REMX iron condor risk and reward
- Net Premium / Debit
- +$176.50
- Max Profit (per contract)
- $176.50
- Max Loss (per contract)
- -$123.50
- Breakeven(s)
- $60.24, $69.77
- Risk / Reward Ratio
- 1.429
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.
REMX iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on REMX. 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% | -$23.50 |
| $14.37 | -77.9% | -$23.50 |
| $28.73 | -55.8% | -$23.50 |
| $43.09 | -33.7% | -$23.50 |
| $57.45 | -11.5% | -$23.50 |
| $71.81 | +10.6% | -$123.50 |
| $86.17 | +32.7% | -$123.50 |
| $100.53 | +54.8% | -$123.50 |
| $114.89 | +76.9% | -$123.50 |
| $129.25 | +99.0% | -$123.50 |
When traders use iron condor on REMX
Iron condors on REMX are a delta-neutral premium-collection structure that profits if REMX etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
REMX thesis for this iron condor
The market-implied 1-standard-deviation range for REMX extends from approximately $57.69 on the downside to $72.21 on the upside. A REMX iron condor is a delta-neutral premium-collection structure that pays off when REMX 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 REMX IV rank near 27.24% 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 REMX at 39.00%. As a Financial Services name, REMX options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to REMX-specific events.
REMX 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. REMX positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move REMX alongside the broader basket even when REMX-specific fundamentals are unchanged. Short-premium structures like a iron condor on REMX carry tail risk when realized volatility exceeds the implied move; review historical REMX earnings reactions and macro stress periods before sizing. Always rebuild the position from current REMX chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on REMX?
- A iron condor on REMX is the iron condor strategy applied to REMX (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 REMX etf at $64.95 on the September 29, 2026 close, the strikes shown on this page are snapped to the nearest listed REMX chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are REMX 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 REMX iron condor priced from the September 29, 2026 end-of-day chain at a 30-day expiry (ATM IV 39.00%), the computed maximum profit is $176.50 per contract and the computed maximum loss is -$123.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a REMX iron condor?
- The breakeven for the REMX iron condor priced on this page is roughly $60.24 and $69.77 at expiration, derived from the September 29, 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 REMX market-implied 1-standard-deviation expected move in the same options snapshot is approximately 11.18%; 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 REMX?
- Iron condors on REMX are a delta-neutral premium-collection structure that profits if REMX etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current REMX implied volatility affect this iron condor?
- REMX ATM IV is at 39.00% with IV rank near 27.24%, 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.