ACMR Iron Condor Strategy
ACMR (ACM Research, Inc.), in the Technology sector, (Semiconductors industry), listed on NASDAQ.
ACM Research, Inc., along with its affiliated companies, is a global developer, manufacturer, and provider of specialized single-wafer wet cleaning systems. These crucial systems are designed to enhance manufacturing processes and improve the yield of integrated circuits across the globe. The company's innovative technological offerings include: Space Alternated Phase Shift (SAPS) technology: This system uniformly applies megasonic energy at a microscopic scale to both flat and patterned wafer surfaces by utilizing alternating phases of megasonic waves. Timely Energized Bubble Oscillation (TEBO) technology: Specifically engineered for patterned wafer surfaces at advanced process nodes, this technology precisely cleans intricate 2D and 3D patterned wafers. Tahoe technology: Providing superior cleaning performance, this solution significantly reduces the consumption of sulfuric acid and hydrogen peroxide. Electro-chemical plating technology: This offering facilitates advanced metal plating processes.
ACMR (ACM Research, Inc.) trades in the Technology sector, specifically Semiconductors, with a market capitalization of approximately $6.70B, a trailing P/E of 75.56, a beta of 1.98 versus the broader market, a 52-week range of 23.03-111.41, average daily share volume of 1.5M, a public-listing history dating back to 2017, approximately 2K full-time employees. These structural characteristics shape how ACMR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.98 indicates ACMR has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. The trailing P/E of 75.56 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.
What is a iron condor on ACMR?
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 ACMR snapshot
As of June 30, 2026, spot at $126.27, ATM IV 112.91%, IV rank 100.00%, expected move 32.37%. The iron condor on ACMR 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 31-day expiry.
Why this iron condor structure on ACMR specifically: ACMR IV at 112.91% is rich versus its 1-year range, which favors premium-selling structures like a ACMR iron condor, with a market-implied 1-standard-deviation move of approximately 32.37% (roughly $40.87 on the underlying). The 31-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated ACMR expiries trade a higher absolute premium for lower per-day decay. Position sizing on ACMR should anchor to the underlying notional of $126.27 per share and to the trader's directional view on ACMR stock.
ACMR iron condor setup
The ACMR 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 ACMR near $126.27, the first option leg uses a $135.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ACMR chain at a 31-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 ACMR shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $135.00 | $12.90 |
| Buy 1 | Call | $140.00 | $10.90 |
| Sell 1 | Put | $120.00 | $13.40 |
| Buy 1 | Put | $114.00 | $10.60 |
ACMR iron condor risk and reward
- Net Premium / Debit
- +$480.00
- Max Profit (per contract)
- $480.00
- Max Loss (per contract)
- -$120.00
- Breakeven(s)
- $115.20, $140.23
- Risk / Reward Ratio
- 4.000
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.
ACMR iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on ACMR. 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 | -100.0% | -$120.00 |
| $27.93 | -77.9% | -$120.00 |
| $55.85 | -55.8% | -$120.00 |
| $83.76 | -33.7% | -$120.00 |
| $111.68 | -11.6% | -$120.00 |
| $139.60 | +10.6% | +$20.06 |
| $167.52 | +32.7% | -$20.00 |
| $195.44 | +54.8% | -$20.00 |
| $223.35 | +76.9% | -$20.00 |
| $251.27 | +99.0% | -$20.00 |
When traders use iron condor on ACMR
Iron condors on ACMR are a delta-neutral premium-collection structure that profits if ACMR stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
ACMR thesis for this iron condor
The market-implied 1-standard-deviation range for ACMR extends from approximately $85.40 on the downside to $167.14 on the upside. A ACMR iron condor is a delta-neutral premium-collection structure that pays off when ACMR 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 ACMR IV rank near 100.00% sits in the upper third of its 1-year distribution, which historically reverts; this raises the bar for premium-buying structures and lowers it for premium-selling structures on ACMR at 112.91%. As a Technology name, ACMR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ACMR-specific events.
ACMR 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. ACMR positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move ACMR alongside the broader basket even when ACMR-specific fundamentals are unchanged. Short-premium structures like a iron condor on ACMR carry tail risk when realized volatility exceeds the implied move; review historical ACMR earnings reactions and macro stress periods before sizing. Always rebuild the position from current ACMR chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on ACMR?
- A iron condor on ACMR is the iron condor strategy applied to ACMR (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 ACMR stock trading near $126.27, the strikes shown on this page are snapped to the nearest listed ACMR chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are ACMR 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 ACMR iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 112.91%), the computed maximum profit is $480.00 per contract and the computed maximum loss is -$120.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a ACMR iron condor?
- The breakeven for the ACMR iron condor priced on this page is roughly $115.20 and $140.23 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 ACMR market-implied 1-standard-deviation expected move is approximately 32.37%; 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 ACMR?
- Iron condors on ACMR are a delta-neutral premium-collection structure that profits if ACMR stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current ACMR implied volatility affect this iron condor?
- ACMR ATM IV is at 112.91% with IV rank near 100.00%, which is elevated relative to its 1-year range. Premium-selling structures (covered call, cash-secured put, iron condor) generally look more attractive when IV rank is high; premium-buying structures (long call, long put, debit spreads) are more expensive in that regime.