How are AMLX 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 AMLX iron condor priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 244.80%), the computed maximum profit is $135.00 per contract and the computed maximum loss is -$65.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a AMLX iron condor?

The breakeven for the AMLX iron condor priced on this page is roughly $19.65 at expiration, derived from the August 14, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The AMLX market-implied 1-standard-deviation expected move in the same options snapshot is approximately 70.18%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current AMLX implied volatility affect this iron condor?

AMLX ATM IV is at 244.80% with IV rank near 47.08%, 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.

AMLX Iron Condor Strategy

AMLX (Amylyx Pharmaceuticals, Inc.), in the Healthcare sector, (Biotechnology industry), listed on NASDAQ.

Amylyx Pharmaceuticals, Inc. operates as a clinical-stage biopharmaceutical firm, primarily focused on creating therapies for amyotrophic lateral sclerosis (ALS) and various other neurodegenerative conditions. A key asset in its developmental pipeline is AMX0035, a proprietary dual UPR-Bax apoptosis inhibitor. This compound, which integrates sodium phenylbutyrate and taurursodiol, is under investigation for treating ALS, and its application is also being explored for other neurodegenerative diseases. The company was established in 2013 and is based in Cambridge, Massachusetts.

AMLX (Amylyx Pharmaceuticals, Inc.) trades in the Healthcare sector, specifically Biotechnology, with a market capitalization of approximately $2.60B, a beta of -0.21 versus the broader market, a 52-week range of 7.63-24.6, average daily share volume of 1.5M, a public-listing history dating back to 2022, approximately 136 full-time employees. These structural characteristics shape how AMLX stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of -0.21 indicates AMLX has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. AMLX pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a iron condor on AMLX?

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.

AMLX snapshot

As of August 14, 2026, spot at $21.65, ATM IV 244.80%, IV rank 47.08%, expected move 70.18%. The iron condor on AMLX below is built from the August 14, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 35-day expiry.

Why this iron condor structure on AMLX specifically: AMLX IV at 244.80% is mid-range versus its 1-year history, so the credit collected on a AMLX iron condor sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 70.18% (roughly $15.19 on the underlying). The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated AMLX expiries trade a higher absolute premium for lower per-day decay. Position sizing on AMLX should anchor to the underlying notional of $21.65 per share and to the trader's directional view on AMLX stock.

AMLX iron condor setup

The AMLX iron condor below is built from the August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With AMLX at $21.65 on that close, the first option leg uses a $23.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AMLX chain at a 35-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 AMLX shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Call	$23.00	$5.55
Buy 1	Call	$24.00	$5.10
Sell 1	Put	$21.00	$6.10
Buy 1	Put	$19.00	$5.20

AMLX iron condor risk and reward

Net Premium / Debit: +$135.00
Max Profit (per contract): $135.00
Max Loss (per contract): -$65.00
Breakeven(s): $19.65
Risk / Reward Ratio: 2.077

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.

AMLX iron condor payoff curve

Modeled P&L at expiration across a range of underlying prices for the iron condor on AMLX. 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.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	-$65.00
$4.80	-77.8%	-$65.00
$9.58	-55.7%	-$65.00
$14.37	-33.6%	-$65.00
$19.15	-11.5%	-$49.67
$23.94	+10.6%	+$41.09
$28.72	+32.7%	+$35.00
$33.51	+54.8%	+$35.00
$38.30	+76.9%	+$35.00
$43.08	+99.0%	+$35.00

When traders use iron condor on AMLX

Iron condors on AMLX are a delta-neutral premium-collection structure that profits if AMLX stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.

AMLX thesis for this iron condor

The market-implied 1-standard-deviation range for AMLX extends from approximately $6.46 on the downside to $36.84 on the upside. A AMLX iron condor is a delta-neutral premium-collection structure that pays off when AMLX 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 AMLX IV rank near 47.08% is mid-range against its 1-year distribution, so the IV signal is neutral; the iron condor thesis on AMLX should anchor more to the directional view and the expected-move geometry. As a Healthcare name, AMLX options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AMLX-specific events.

AMLX 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. AMLX positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move AMLX alongside the broader basket even when AMLX-specific fundamentals are unchanged. Short-premium structures like a iron condor on AMLX carry tail risk when realized volatility exceeds the implied move; review historical AMLX earnings reactions and macro stress periods before sizing. Always rebuild the position from current AMLX chain quotes before placing a trade.

Frequently asked questions

What is a iron condor on AMLX?: A iron condor on AMLX is the iron condor strategy applied to AMLX (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 AMLX stock at $21.65 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed AMLX chain strike and the premiums come straight from that session's bid/ask midpoint.
How are AMLX 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 AMLX iron condor priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 244.80%), the computed maximum profit is $135.00 per contract and the computed maximum loss is -$65.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a AMLX iron condor?: The breakeven for the AMLX iron condor priced on this page is roughly $19.65 at expiration, derived from the August 14, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The AMLX market-implied 1-standard-deviation expected move in the same options snapshot is approximately 70.18%; 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 AMLX?: Iron condors on AMLX are a delta-neutral premium-collection structure that profits if AMLX stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
How does current AMLX implied volatility affect this iron condor?: AMLX ATM IV is at 244.80% with IV rank near 47.08%, 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.