ATOS Iron Condor Strategy
ATOS (Atossa Therapeutics, Inc.), in the Healthcare sector, (Biotechnology industry), listed on NASDAQ.
Atossa Therapeutics, Inc. operates as a clinical-stage biopharmaceutical company that develops medicines in the areas of unmet medical need in oncology for women breast cancer and other conditions in the United States. The company's lead drug candidate is oral (Z)-endoxifen, an active metabolite of tamoxifen, which is in Phase II clinical trials to treat and prevent breast cancer. It also develops immunotherapy/chimeric antigen receptor therapy programs. The company was formerly known as Atossa Genetics Inc. and changed its name to Atossa Therapeutics, Inc. in January 2020. Atossa Therapeutics, Inc. was founded in 2008 and is based in Seattle, Washington.
ATOS (Atossa Therapeutics, Inc.) trades in the Healthcare sector, specifically Biotechnology, with a market capitalization of approximately $44.4M, a beta of 1.25 versus the broader market, a 52-week range of 3.76-19.35, average daily share volume of 73K, a public-listing history dating back to 2012, approximately 15 full-time employees. These structural characteristics shape how ATOS stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.25 places ATOS roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.
What is a iron condor on ATOS?
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 ATOS snapshot
As of May 15, 2026, spot at $4.87, ATM IV 132.80%, IV rank 35.35%, expected move 38.07%. The iron condor on ATOS 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 ATOS specifically: ATOS IV at 132.80% is mid-range versus its 1-year history, so the credit collected on a ATOS iron condor sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 38.07% (roughly $1.85 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 ATOS expiries trade a higher absolute premium for lower per-day decay. Position sizing on ATOS should anchor to the underlying notional of $4.87 per share and to the trader's directional view on ATOS stock.
ATOS iron condor setup
The ATOS 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 ATOS near $4.87, the first option leg uses a $5.11 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ATOS 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 ATOS shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $5.11 | N/A |
| Buy 1 | Call | $5.36 | N/A |
| Sell 1 | Put | $4.63 | N/A |
| Buy 1 | Put | $4.38 | N/A |
ATOS 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.
ATOS iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on ATOS. 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 ATOS
Iron condors on ATOS are a delta-neutral premium-collection structure that profits if ATOS stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
ATOS thesis for this iron condor
The market-implied 1-standard-deviation range for ATOS extends from approximately $3.02 on the downside to $6.72 on the upside. A ATOS iron condor is a delta-neutral premium-collection structure that pays off when ATOS 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 ATOS IV rank near 35.35% is mid-range against its 1-year distribution, so the IV signal is neutral; the iron condor thesis on ATOS should anchor more to the directional view and the expected-move geometry. As a Healthcare name, ATOS options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ATOS-specific events.
ATOS 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. ATOS positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move ATOS alongside the broader basket even when ATOS-specific fundamentals are unchanged. Short-premium structures like a iron condor on ATOS carry tail risk when realized volatility exceeds the implied move; review historical ATOS earnings reactions and macro stress periods before sizing. Always rebuild the position from current ATOS chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on ATOS?
- A iron condor on ATOS is the iron condor strategy applied to ATOS (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 ATOS stock trading near $4.87, the strikes shown on this page are snapped to the nearest listed ATOS chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are ATOS 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 ATOS iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 132.80%), 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 ATOS iron condor?
- The breakeven for the ATOS 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 ATOS market-implied 1-standard-deviation expected move is approximately 38.07%; 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 ATOS?
- Iron condors on ATOS are a delta-neutral premium-collection structure that profits if ATOS stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current ATOS implied volatility affect this iron condor?
- ATOS ATM IV is at 132.80% with IV rank near 35.35%, 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.