ACI Iron Condor Strategy
ACI (Albertsons Companies, Inc.), in the Consumer Defensive sector, (Grocery Stores industry), listed on NYSE.
Albertsons Companies, Inc., through its subsidiaries, engages in the operation of food and drug stores in the United States. The company's food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores. As of February 26, 2022, it operated 2,276 stores under various banners, including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets, and Balducci's Food Lovers Market; and 1,722 pharmacies, 1,317 in-store branded coffee shops, 402 adjacent fuel centers, 22 distribution centers, and 20 manufacturing facilities, as well as various digital platforms. The company was founded in 1860 and is headquartered in Boise, Idaho.
ACI (Albertsons Companies, Inc.) trades in the Consumer Defensive sector, specifically Grocery Stores, with a market capitalization of approximately $8.18B, a trailing P/E of 38.78, a beta of 0.26 versus the broader market, a 52-week range of 15.545-22.78, average daily share volume of 6.4M, a public-listing history dating back to 2020, approximately 108K full-time employees. These structural characteristics shape how ACI stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.26 indicates ACI has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. The trailing P/E of 38.78 is on the rich side, which tends to correlate with higher earnings-window IV expansion as the market debates whether forward growth supports the multiple. ACI pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a iron condor on ACI?
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 ACI snapshot
As of May 15, 2026, spot at $16.49, ATM IV 31.00%, IV rank 49.63%, expected move 8.89%. The iron condor on ACI 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 28-day expiry.
Why this iron condor structure on ACI specifically: ACI IV at 31.00% is mid-range versus its 1-year history, so the credit collected on a ACI iron condor sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 8.89% (roughly $1.47 on the underlying). The 28-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated ACI expiries trade a higher absolute premium for lower per-day decay. Position sizing on ACI should anchor to the underlying notional of $16.49 per share and to the trader's directional view on ACI stock.
ACI iron condor setup
The ACI 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 ACI near $16.49, the first option leg uses a $17.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ACI chain at a 28-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 ACI shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $17.00 | $0.33 |
| Buy 1 | Call | $18.00 | $0.13 |
| Sell 1 | Put | $16.00 | $0.35 |
| Buy 1 | Put | $15.00 | $0.10 |
ACI iron condor risk and reward
- Net Premium / Debit
- +$45.00
- Max Profit (per contract)
- $45.00
- Max Loss (per contract)
- -$55.00
- Breakeven(s)
- $15.55, $17.45
- Risk / Reward Ratio
- 0.818
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.
ACI iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on ACI. 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 | -99.9% | -$55.00 |
| $3.65 | -77.8% | -$55.00 |
| $7.30 | -55.7% | -$55.00 |
| $10.94 | -33.6% | -$55.00 |
| $14.59 | -11.5% | -$55.00 |
| $18.23 | +10.6% | -$55.00 |
| $21.88 | +32.7% | -$55.00 |
| $25.52 | +54.8% | -$55.00 |
| $29.17 | +76.9% | -$55.00 |
| $32.81 | +99.0% | -$55.00 |
When traders use iron condor on ACI
Iron condors on ACI are a delta-neutral premium-collection structure that profits if ACI stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
ACI thesis for this iron condor
The market-implied 1-standard-deviation range for ACI extends from approximately $15.02 on the downside to $17.96 on the upside. A ACI iron condor is a delta-neutral premium-collection structure that pays off when ACI 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 ACI IV rank near 49.63% is mid-range against its 1-year distribution, so the IV signal is neutral; the iron condor thesis on ACI should anchor more to the directional view and the expected-move geometry. As a Consumer Defensive name, ACI options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ACI-specific events.
ACI 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. ACI positions also carry Consumer Defensive sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move ACI alongside the broader basket even when ACI-specific fundamentals are unchanged. Short-premium structures like a iron condor on ACI carry tail risk when realized volatility exceeds the implied move; review historical ACI earnings reactions and macro stress periods before sizing. Always rebuild the position from current ACI chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on ACI?
- A iron condor on ACI is the iron condor strategy applied to ACI (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 ACI stock trading near $16.49, the strikes shown on this page are snapped to the nearest listed ACI chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are ACI 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 ACI iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 31.00%), the computed maximum profit is $45.00 per contract and the computed maximum loss is -$55.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a ACI iron condor?
- The breakeven for the ACI iron condor priced on this page is roughly $15.55 and $17.45 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 ACI market-implied 1-standard-deviation expected move is approximately 8.89%; 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 ACI?
- Iron condors on ACI are a delta-neutral premium-collection structure that profits if ACI stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current ACI implied volatility affect this iron condor?
- ACI ATM IV is at 31.00% with IV rank near 49.63%, 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.