DCBO Iron Condor Strategy
DCBO (Docebo Inc.), in the Technology sector, (Software - Application industry), listed on NASDAQ.
Docebo Inc. develops and provides learning management platform for training in Canada, the United States, and internationally. The company’s cloud platform consists of a learning suite, which includes Docebo Learn platform, a cloud-based learning platform that allows learning administrators to deliver personalized learning; Docebo Content Marketplace, an access to off-the-shelf learning content and provide predeveloped learning content; Insights module allows organizations to understand the results of learning programs with data visualizations; Learning Evaluation module to incorporate the learner’s perspective into analyses by collection of feedback; and Advanced Analytics Pack to integrate learning data into data ecosystem and BI tool. It also offers Communities module enabling interactive learner communities; eCommerce module that monetize from digital training contents, as well as manage and sells training offerings; eCommerce module to monetize training programs; Docebo Integrations; Headless Learning allows businesses to build learning experiences outside of the Docebo learning environment; Harmony Search, an AI-powered search capability. In addition, the company provides Docebo Creator enables organizations to design, scale, and deploy learning contents; Docebo for Salesforce, an integration of Salesforce’s APIs and technology architecture to deliver a learning experience within Salesforce workflows; Docebo Embed (OEM) enables original equipment manufacturers to embed and resell the Docebo learning platform; Docebo Branded Mobile App Publisher, allows organizations to create and distribute a branded version of Docebo’s mobile learning application; Docebo Extended Enterprise supports customer education, partner enablement, and retention by enabling organizations to train external audiences from a single LMS; and Docebo for Microsoft Teams. The company was founded in 2005 and is headquartered in Toronto, Canada.
DCBO (Docebo Inc.) trades in the Technology sector, specifically Software - Application, with a market capitalization of approximately $561.2M, a trailing P/E of 16.75, a beta of 0.73 versus the broader market, a 52-week range of 14.39-32.24, average daily share volume of 132K, a public-listing history dating back to 2020, approximately 966 full-time employees. These structural characteristics shape how DCBO stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.73 places DCBO 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 DCBO?
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.
DCBO snapshot
As of August 14, 2026, spot at $23.23, ATM IV 54.10%, IV rank 7.44%, expected move 15.51%. The iron condor on DCBO below is built from the 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 DCBO specifically: DCBO IV at 54.10% is on the cheap side of its 1-year range, which means a premium-selling DCBO iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 15.51% (roughly $3.60 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 DCBO expiries trade a higher absolute premium for lower per-day decay. Position sizing on DCBO should anchor to the underlying notional of $23.23 per share and to the trader's directional view on DCBO stock.
DCBO iron condor setup
The DCBO 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 DCBO at $23.23 on that close, the first option leg uses a $24.39 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed DCBO 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 DCBO shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $24.39 | N/A |
| Buy 1 | Call | $25.55 | N/A |
| Sell 1 | Put | $22.07 | N/A |
| Buy 1 | Put | $20.91 | N/A |
DCBO 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.
DCBO iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on DCBO. 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 DCBO
Iron condors on DCBO are a delta-neutral premium-collection structure that profits if DCBO stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
DCBO thesis for this iron condor
The market-implied 1-standard-deviation range for DCBO extends from approximately $19.63 on the downside to $26.83 on the upside. A DCBO iron condor is a delta-neutral premium-collection structure that pays off when DCBO 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 DCBO IV rank near 7.44% 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 DCBO at 54.10%. As a Technology name, DCBO options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to DCBO-specific events.
DCBO 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. DCBO positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move DCBO alongside the broader basket even when DCBO-specific fundamentals are unchanged. Short-premium structures like a iron condor on DCBO carry tail risk when realized volatility exceeds the implied move; review historical DCBO earnings reactions and macro stress periods before sizing. Always rebuild the position from current DCBO chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on DCBO?
- A iron condor on DCBO is the iron condor strategy applied to DCBO (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 DCBO stock at $23.23 on the most recent close, the strikes shown on this page are snapped to the nearest listed DCBO chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are DCBO 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 DCBO iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 54.10%), 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 DCBO iron condor?
- The breakeven for the DCBO iron condor priced on this page is no defined breakeven on the modeled curve at expiration, derived from the 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 DCBO market-implied 1-standard-deviation expected move in the same options snapshot is approximately 15.51%; 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 DCBO?
- Iron condors on DCBO are a delta-neutral premium-collection structure that profits if DCBO stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current DCBO implied volatility affect this iron condor?
- DCBO ATM IV is at 54.10% with IV rank near 7.44%, 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.