SKRE Iron Condor Strategy
SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF), in the Financial Services sector, (Asset Management industry), listed on NASDAQ.
The fund, under normal circumstances, invests in swap agreements that provide 200% inverse (opposite) daily exposure to TSLA equal to at least 80% of the fund’s net assets (plus any borrowings for investment purposes ). The fund advisor seeks daily leveraged inverse investment results and the fund is very different from most other exchange-traded funds and presents different and greater risks. The fund is non-diversified.
SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $2.8M, a beta of -1.80 versus the broader market, a 52-week range of 6.87-13.98, average daily share volume of 133K, a public-listing history dating back to 2024. These structural characteristics shape how SKRE etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of -1.80 indicates SKRE has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. SKRE pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a iron condor on SKRE?
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 SKRE snapshot
As of May 15, 2026, spot at $8.05, ATM IV 107.20%, IV rank 65.53%, expected move 30.73%. The iron condor on SKRE 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 SKRE specifically: SKRE IV at 107.20% is mid-range versus its 1-year history, so the credit collected on a SKRE iron condor sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 30.73% (roughly $2.47 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 SKRE expiries trade a higher absolute premium for lower per-day decay. Position sizing on SKRE should anchor to the underlying notional of $8.05 per share and to the trader's directional view on SKRE etf.
SKRE iron condor setup
The SKRE 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 SKRE near $8.05, the first option leg uses a $8.45 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed SKRE 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 SKRE shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $8.45 | N/A |
| Buy 1 | Call | $8.86 | N/A |
| Sell 1 | Put | $7.65 | N/A |
| Buy 1 | Put | $7.25 | N/A |
SKRE 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.
SKRE iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on SKRE. 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 SKRE
Iron condors on SKRE are a delta-neutral premium-collection structure that profits if SKRE etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
SKRE thesis for this iron condor
The market-implied 1-standard-deviation range for SKRE extends from approximately $5.58 on the downside to $10.52 on the upside. A SKRE iron condor is a delta-neutral premium-collection structure that pays off when SKRE 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 SKRE IV rank near 65.53% is mid-range against its 1-year distribution, so the IV signal is neutral; the iron condor thesis on SKRE should anchor more to the directional view and the expected-move geometry. As a Financial Services name, SKRE options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to SKRE-specific events.
SKRE 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. SKRE positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move SKRE alongside the broader basket even when SKRE-specific fundamentals are unchanged. Short-premium structures like a iron condor on SKRE carry tail risk when realized volatility exceeds the implied move; review historical SKRE earnings reactions and macro stress periods before sizing. Always rebuild the position from current SKRE chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on SKRE?
- A iron condor on SKRE is the iron condor strategy applied to SKRE (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 SKRE etf trading near $8.05, the strikes shown on this page are snapped to the nearest listed SKRE chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are SKRE 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 SKRE iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 107.20%), 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 SKRE iron condor?
- The breakeven for the SKRE 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 SKRE market-implied 1-standard-deviation expected move is approximately 30.73%; 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 SKRE?
- Iron condors on SKRE are a delta-neutral premium-collection structure that profits if SKRE etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current SKRE implied volatility affect this iron condor?
- SKRE ATM IV is at 107.20% with IV rank near 65.53%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.