TIME Iron Condor Strategy
TIME (Clockwise Capital Innovation ETF), in the Financial Services sector, (Asset Management industry), listed on AMEX.
The Clockwise Core Equity & Innovation ETF offers an adaptive approach to innovation investing, capitalizing on AI and technology trends while balancing opportunities and volatility by staying attuned to economic cycles.
TIME (Clockwise Capital Innovation ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $20.4M, a beta of 1.30 versus the broader market, a 52-week range of 22.309-27.12, average daily share volume of 4K, a public-listing history dating back to 2022. These structural characteristics shape how TIME etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.30 places TIME roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. TIME pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a iron condor on TIME?
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 TIME snapshot
As of May 15, 2026, spot at $26.80, ATM IV 36.50%, IV rank 7.13%, expected move 10.46%. The iron condor on TIME 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 TIME specifically: TIME IV at 36.50% is on the cheap side of its 1-year range, which means a premium-selling TIME iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 10.46% (roughly $2.80 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 TIME expiries trade a higher absolute premium for lower per-day decay. Position sizing on TIME should anchor to the underlying notional of $26.80 per share and to the trader's directional view on TIME etf.
TIME iron condor setup
The TIME 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 TIME near $26.80, the first option leg uses a $28.14 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed TIME 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 TIME shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $28.14 | N/A |
| Buy 1 | Call | $29.48 | N/A |
| Sell 1 | Put | $25.46 | N/A |
| Buy 1 | Put | $24.12 | N/A |
TIME 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.
TIME iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on TIME. 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 TIME
Iron condors on TIME are a delta-neutral premium-collection structure that profits if TIME etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
TIME thesis for this iron condor
The market-implied 1-standard-deviation range for TIME extends from approximately $24.00 on the downside to $29.60 on the upside. A TIME iron condor is a delta-neutral premium-collection structure that pays off when TIME 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 TIME IV rank near 7.13% 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 TIME at 36.50%. As a Financial Services name, TIME options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to TIME-specific events.
TIME 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. TIME positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move TIME alongside the broader basket even when TIME-specific fundamentals are unchanged. Short-premium structures like a iron condor on TIME carry tail risk when realized volatility exceeds the implied move; review historical TIME earnings reactions and macro stress periods before sizing. Always rebuild the position from current TIME chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on TIME?
- A iron condor on TIME is the iron condor strategy applied to TIME (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 TIME etf trading near $26.80, the strikes shown on this page are snapped to the nearest listed TIME chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are TIME 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 TIME iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 36.50%), 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 TIME iron condor?
- The breakeven for the TIME 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 TIME market-implied 1-standard-deviation expected move is approximately 10.46%; 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 TIME?
- Iron condors on TIME are a delta-neutral premium-collection structure that profits if TIME etf stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current TIME implied volatility affect this iron condor?
- TIME ATM IV is at 36.50% with IV rank near 7.13%, 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.