How are RGTX 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 RGTX iron condor priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 155.80%), the computed maximum profit is $27.50 per contract and the computed maximum loss is -$72.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a RGTX iron condor?

The breakeven for the RGTX iron condor priced on this page is roughly $16.28 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 RGTX market-implied 1-standard-deviation expected move in the same options snapshot is approximately 44.67%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current RGTX implied volatility affect this iron condor?

RGTX ATM IV is at 155.80% with IV rank near 13.23%, 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.

RGTX Iron Condor Strategy

RGTX (Daily Target 2X Long RGTI ETF), in the Financial Services sector, (Asset Management - Leveraged industry), listed on NASDAQ.

The Defiance Daily Target 2X Long RGTI ETF is engineered to yield investment results that are double (200%) the daily percentage change in the stock price of Rigetti Computing, Inc. (NASDAQ: RGTI). Due to its daily leveraged design, this Fund significantly differs from most other exchange-traded funds, and there is no assurance it will consistently achieve its stated goal. It is important to note that the Fund is not intended to provide a cumulative return of two times RGTI's performance for any duration exceeding a single trading day.

RGTX (Daily Target 2X Long RGTI ETF) trades in the Financial Services sector, specifically Asset Management - Leveraged, with a market capitalization of approximately $10.1M, a beta of 9.69 versus the broader market, a 52-week range of 7.69-501.8, average daily share volume of 1.5M, a public-listing history dating back to 2025. These structural characteristics shape how RGTX etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 9.69 indicates RGTX has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. RGTX pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a iron condor on RGTX?

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.

RGTX snapshot

As of August 14, 2026, spot at $15.08, ATM IV 155.80%, IV rank 13.23%, expected move 44.67%. The iron condor on RGTX 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 RGTX specifically: RGTX IV at 155.80% is on the cheap side of its 1-year range, which means a premium-selling RGTX iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 44.67% (roughly $6.74 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 RGTX expiries trade a higher absolute premium for lower per-day decay. Position sizing on RGTX should anchor to the underlying notional of $15.08 per share and to the trader's directional view on RGTX etf.

RGTX iron condor setup

The RGTX 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 RGTX at $15.08 on that close, the first option leg uses a $16.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed RGTX 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 RGTX shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Call	$16.00	$2.38
Buy 1	Call	$17.00	$2.10
Sell 1	Put	$14.00	$2.38
Buy 1	Put	$14.00	$2.38

RGTX iron condor risk and reward

Net Premium / Debit: +$27.50
Max Profit (per contract): $27.50
Max Loss (per contract): -$72.50
Breakeven(s): $16.28
Risk / Reward Ratio: 0.379

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.

RGTX iron condor payoff curve

Modeled P&L at expiration across a range of underlying prices for the iron condor on RGTX. 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	-99.9%	+$27.50
$3.34	-77.8%	+$27.50
$6.68	-55.7%	+$27.50
$10.01	-33.6%	+$27.50
$13.34	-11.5%	+$27.50
$16.68	+10.6%	-$40.08
$20.01	+32.7%	-$72.50
$23.34	+54.8%	-$72.50
$26.68	+76.9%	-$72.50
$30.01	+99.0%	-$72.50

When traders use iron condor on RGTX

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

RGTX thesis for this iron condor

The market-implied 1-standard-deviation range for RGTX extends from approximately $8.34 on the downside to $21.82 on the upside. A RGTX iron condor is a delta-neutral premium-collection structure that pays off when RGTX 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 RGTX IV rank near 13.23% 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 RGTX at 155.80%. As a Financial Services name, RGTX options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to RGTX-specific events.

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

Frequently asked questions

What is a iron condor on RGTX?: A iron condor on RGTX is the iron condor strategy applied to RGTX (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 RGTX etf at $15.08 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed RGTX chain strike and the premiums come straight from that session's bid/ask midpoint.
How are RGTX 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 RGTX iron condor priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 155.80%), the computed maximum profit is $27.50 per contract and the computed maximum loss is -$72.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a RGTX iron condor?: The breakeven for the RGTX iron condor priced on this page is roughly $16.28 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 RGTX market-implied 1-standard-deviation expected move in the same options snapshot is approximately 44.67%; 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 RGTX?: Iron condors on RGTX are a delta-neutral premium-collection structure that profits if RGTX etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
How does current RGTX implied volatility affect this iron condor?: RGTX ATM IV is at 155.80% with IV rank near 13.23%, 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.