How are ATMU 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 ATMU iron condor priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 35.50%), the computed maximum profit is $170.00 per contract and the computed maximum loss is -$80.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a ATMU iron condor?

The breakeven for the ATMU iron condor priced on this page is roughly $45.80 and $54.20 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 ATMU market-implied 1-standard-deviation expected move in the same options snapshot is approximately 10.18%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current ATMU implied volatility affect this iron condor?

ATMU ATM IV is at 35.50% with IV rank near 9.35%, 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.

ATMU Iron Condor Strategy

ATMU (Atmus Filtration Technologies Inc.), in the Consumer Cyclical sector, (Auto - Parts industry), listed on NYSE.

Atmus Filtration Technologies Inc. specializes in the global design, manufacturing, and distribution of advanced filtration products, marketed under its reputable Fleetguard brand. The company's comprehensive portfolio includes essential components such as fuel, lubrication, air, crankcase ventilation, and hydraulic filters, in addition to coolants and fuel additives. These solutions are critical for a wide array of applications, from on-highway and off-highway commercial vehicles to heavy equipment used in agriculture, construction, mining, and power generation. Atmus serves a diverse international customer base spanning North America, Europe, South America, Asia, Australia, and Africa, catering to original equipment manufacturers (OEMs), various dealers/distributors, and direct end-users. Founded in 1958, the company maintains its headquarters in Nashville, Tennessee, and operates as a subsidiary of Cummins Inc.

ATMU (Atmus Filtration Technologies Inc.) trades in the Consumer Cyclical sector, specifically Auto - Parts, with a market capitalization of approximately $4.07B, a trailing P/E of 18.89, a beta of 1.19 versus the broader market, a 52-week range of 41.82-66.5, average daily share volume of 939K, a public-listing history dating back to 2023, approximately 5K full-time employees. These structural characteristics shape how ATMU stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.19 places ATMU roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. ATMU pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a iron condor on ATMU?

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.

ATMU snapshot

As of August 14, 2026, spot at $50.82, ATM IV 35.50%, IV rank 9.35%, expected move 10.18%. The iron condor on ATMU 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 63-day expiry.

Why this iron condor structure on ATMU specifically: ATMU IV at 35.50% is on the cheap side of its 1-year range, which means a premium-selling ATMU iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 10.18% (roughly $5.17 on the underlying). The 63-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated ATMU expiries trade a higher absolute premium for lower per-day decay. Position sizing on ATMU should anchor to the underlying notional of $50.82 per share and to the trader's directional view on ATMU stock.

ATMU iron condor setup

The ATMU 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 ATMU at $50.82 on that close, the first option leg uses a $52.50 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ATMU chain at a 63-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 ATMU shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Call	$52.50	$2.38
Buy 1	Call	$55.00	$1.50
Sell 1	Put	$47.50	$1.83
Buy 1	Put	$45.00	$1.00

ATMU iron condor risk and reward

Net Premium / Debit: +$170.00
Max Profit (per contract): $170.00
Max Loss (per contract): -$80.00
Breakeven(s): $45.80, $54.20
Risk / Reward Ratio: 2.125

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.

ATMU iron condor payoff curve

Modeled P&L at expiration across a range of underlying prices for the iron condor on ATMU. 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%	-$80.00
$11.25	-77.9%	-$80.00
$22.48	-55.8%	-$80.00
$33.72	-33.7%	-$80.00
$44.95	-11.5%	-$80.00
$56.19	+10.6%	-$80.00
$67.42	+32.7%	-$80.00
$78.66	+54.8%	-$80.00
$89.89	+76.9%	-$80.00
$101.13	+99.0%	-$80.00

When traders use iron condor on ATMU

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

ATMU thesis for this iron condor

The market-implied 1-standard-deviation range for ATMU extends from approximately $45.65 on the downside to $55.99 on the upside. A ATMU iron condor is a delta-neutral premium-collection structure that pays off when ATMU 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 ATMU IV rank near 9.35% 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 ATMU at 35.50%. As a Consumer Cyclical name, ATMU options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ATMU-specific events.

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

Frequently asked questions

What is a iron condor on ATMU?: A iron condor on ATMU is the iron condor strategy applied to ATMU (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 ATMU stock at $50.82 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed ATMU chain strike and the premiums come straight from that session's bid/ask midpoint.
How are ATMU 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 ATMU iron condor priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 35.50%), the computed maximum profit is $170.00 per contract and the computed maximum loss is -$80.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a ATMU iron condor?: The breakeven for the ATMU iron condor priced on this page is roughly $45.80 and $54.20 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 ATMU market-implied 1-standard-deviation expected move in the same options snapshot is approximately 10.18%; 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 ATMU?: Iron condors on ATMU are a delta-neutral premium-collection structure that profits if ATMU stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
How does current ATMU implied volatility affect this iron condor?: ATMU ATM IV is at 35.50% with IV rank near 9.35%, 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.