How are COO 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 COO iron condor priced from the November 13, 2026 end-of-day chain at a 30-day expiry (ATM IV 43.20%), the computed maximum profit is $282.50 per contract and the computed maximum loss is -$217.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a COO iron condor?

The breakeven for the COO iron condor priced on this page is roughly $57.18 and $67.83 at expiration, derived from the November 13, 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 COO market-implied 1-standard-deviation expected move in the same options snapshot is approximately 12.39%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current COO implied volatility affect this iron condor?

COO ATM IV is at 43.20% with IV rank near 26.27%, 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.

COO Iron Condor Strategy

COO (The Cooper Companies, Inc.), in the Healthcare sector, (Medical - Instruments & Supplies industry), listed on NASDAQ.

The Cooper Companies, Inc. (COO) operates as a global medical device firm, primarily focused on developing, producing, and distributing products through two distinct business units: CooperVision and CooperSurgical. CooperVision specializes in contact lenses. Their product range includes spherical lenses for common vision issues like nearsightedness and farsightedness, as well as advanced lenses such as toric for astigmatism, multifocal for presbyopia, and specialized options addressing myopia, dry eyes, and eye fatigue. These vision correction solutions are available across the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. Meanwhile, CooperSurgical is dedicated to women's and family health, providing a wide array of medical devices, fertility treatments, genetic testing, diagnostic tools, and contraceptives to healthcare providers and patients globally. This segment's offerings encompass various surgical and office-based products like PARAGARD (an IUD), uterine manipulators, retractors, and closure devices.

COO (The Cooper Companies, Inc.) trades in the Healthcare sector, specifically Medical - Instruments & Supplies, with a market capitalization of approximately $11.91B, a trailing P/E of 21.25, a beta of 0.83 versus the broader market, a 52-week range of 51.01-89.83, average daily share volume of 3.1M, a public-listing history dating back to 1983, approximately 15K full-time employees. These structural characteristics shape how COO stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.83 places COO 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 COO?

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.

COO snapshot

As of November 13, 2026, spot at $62.90, ATM IV 43.20%, IV rank 26.27%, expected move 12.39%. The iron condor on COO below is built from the November 13, 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 COO specifically: COO IV at 43.20% is on the cheap side of its 1-year range, which means a premium-selling COO iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 12.39% (roughly $7.79 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 COO expiries trade a higher absolute premium for lower per-day decay. Position sizing on COO should anchor to the underlying notional of $62.90 per share and to the trader's directional view on COO stock.

COO iron condor setup

The COO iron condor below is built from the November 13, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With COO at $62.90 on that close, the first option leg uses a $65.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed COO 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 COO shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Call	$65.00	$2.45
Buy 1	Call	$70.00	$0.85
Sell 1	Put	$60.00	$1.93
Buy 1	Put	$55.00	$0.70

COO iron condor risk and reward

Net Premium / Debit: +$282.50
Max Profit (per contract): $282.50
Max Loss (per contract): -$217.50
Breakeven(s): $57.18, $67.83
Risk / Reward Ratio: 1.299

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.

COO iron condor payoff curve

Modeled P&L at expiration across a range of underlying prices for the iron condor on COO. 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%	-$217.50
$13.92	-77.9%	-$217.50
$27.82	-55.8%	-$217.50
$41.73	-33.7%	-$217.50
$55.64	-11.5%	-$153.93
$69.54	+10.6%	-$171.72
$83.45	+32.7%	-$217.50
$97.36	+54.8%	-$217.50
$111.26	+76.9%	-$217.50
$125.17	+99.0%	-$217.50

When traders use iron condor on COO

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

COO thesis for this iron condor

The market-implied 1-standard-deviation range for COO extends from approximately $55.11 on the downside to $70.69 on the upside. A COO iron condor is a delta-neutral premium-collection structure that pays off when COO 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 COO IV rank near 26.27% 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 COO at 43.20%. As a Healthcare name, COO options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to COO-specific events.

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

Frequently asked questions

What is a iron condor on COO?: A iron condor on COO is the iron condor strategy applied to COO (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 COO stock at $62.90 on the November 13, 2026 close, the strikes shown on this page are snapped to the nearest listed COO chain strike and the premiums come straight from that session's bid/ask midpoint.
How are COO 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 COO iron condor priced from the November 13, 2026 end-of-day chain at a 30-day expiry (ATM IV 43.20%), the computed maximum profit is $282.50 per contract and the computed maximum loss is -$217.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a COO iron condor?: The breakeven for the COO iron condor priced on this page is roughly $57.18 and $67.83 at expiration, derived from the November 13, 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 COO market-implied 1-standard-deviation expected move in the same options snapshot is approximately 12.39%; 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 COO?: Iron condors on COO are a delta-neutral premium-collection structure that profits if COO stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
How does current COO implied volatility affect this iron condor?: COO ATM IV is at 43.20% with IV rank near 26.27%, 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.