ABSI Iron Condor Strategy
ABSI (Absci Corporation), in the Healthcare sector, (Biotechnology industry), listed on NASDAQ.
Absci Corporation, a drug and target discovery company, provides biologic drug candidates and production cell lines using integrated drug creation platform for partners in the United States. Its integrated drug creation platform enables the creation of biologics by unifying the drug discovery and cell line development processes into one process. Absci Corporation was founded in 2011 and is headquartered in Vancouver, Washington.
ABSI (Absci Corporation) trades in the Healthcare sector, specifically Biotechnology, with a market capitalization of approximately $826.3M, a beta of 2.38 versus the broader market, a 52-week range of 2.24-6.72, average daily share volume of 4.3M, a public-listing history dating back to 2021, approximately 156 full-time employees. These structural characteristics shape how ABSI stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 2.38 indicates ABSI has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position.
What is a iron condor on ABSI?
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 ABSI snapshot
As of May 15, 2026, spot at $5.14, ATM IV 89.10%, IV rank 31.10%, expected move 25.54%. The iron condor on ABSI 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 ABSI specifically: ABSI IV at 89.10% is mid-range versus its 1-year history, so the credit collected on a ABSI iron condor sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 25.54% (roughly $1.31 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 ABSI expiries trade a higher absolute premium for lower per-day decay. Position sizing on ABSI should anchor to the underlying notional of $5.14 per share and to the trader's directional view on ABSI stock.
ABSI iron condor setup
The ABSI 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 ABSI near $5.14, the first option leg uses a $5.40 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ABSI 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 ABSI shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $5.40 | N/A |
| Buy 1 | Call | $5.65 | N/A |
| Sell 1 | Put | $4.88 | N/A |
| Buy 1 | Put | $4.63 | N/A |
ABSI 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.
ABSI iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on ABSI. 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 ABSI
Iron condors on ABSI are a delta-neutral premium-collection structure that profits if ABSI stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
ABSI thesis for this iron condor
The market-implied 1-standard-deviation range for ABSI extends from approximately $3.83 on the downside to $6.45 on the upside. A ABSI iron condor is a delta-neutral premium-collection structure that pays off when ABSI 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 ABSI IV rank near 31.10% is mid-range against its 1-year distribution, so the IV signal is neutral; the iron condor thesis on ABSI should anchor more to the directional view and the expected-move geometry. As a Healthcare name, ABSI options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ABSI-specific events.
ABSI 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. ABSI positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move ABSI alongside the broader basket even when ABSI-specific fundamentals are unchanged. Short-premium structures like a iron condor on ABSI carry tail risk when realized volatility exceeds the implied move; review historical ABSI earnings reactions and macro stress periods before sizing. Always rebuild the position from current ABSI chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on ABSI?
- A iron condor on ABSI is the iron condor strategy applied to ABSI (stock). 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 ABSI stock trading near $5.14, the strikes shown on this page are snapped to the nearest listed ABSI chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are ABSI 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 ABSI iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 89.10%), 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 ABSI iron condor?
- The breakeven for the ABSI 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 ABSI market-implied 1-standard-deviation expected move is approximately 25.54%; 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 ABSI?
- Iron condors on ABSI are a delta-neutral premium-collection structure that profits if ABSI stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current ABSI implied volatility affect this iron condor?
- ABSI ATM IV is at 89.10% with IV rank near 31.10%, 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.