DTIL Iron Condor Strategy
DTIL (Precision BioSciences, Inc.), in the Healthcare sector, (Biotechnology industry), listed on NASDAQ.
Precision BioSciences, Inc. is a clinical-stage biotechnology firm based in the United States, specializing in the creation of both in vivo gene editing solutions and ex vivo allogeneic CAR T-cell therapies. At its core is ARCUS, a proprietary genome editing platform designed to address and potentially cure genetic diseases. The company's portfolio also encompasses Ex vivo Allogeneic CAR T Immunotherapy, an innovative approach where specific immune cells, known as T-cells, are genetically modified outside the body to precisely identify and eliminate cancer cells. Among its prominent therapeutic candidates are: PBCAR0191, currently undergoing Phase 1/2a clinical trials for adult patients battling relapsed/refractory (R/R) non-Hodgkin lymphoma or R/R B-cell precursor acute lymphoblastic leukemia (B-ALL). PBCAR19B, an anti-CD19 CAR T candidate leveraging a "stealth cell" platform through a single-step gene edit, engineered to reduce the likelihood of chromosomal abnormalities. PBCAR269A, an investigational allogeneic CAR T immunotherapy formulated to target BCMA, intended for the treatment of R/R multiple myeloma.
DTIL (Precision BioSciences, Inc.) trades in the Healthcare sector, specifically Biotechnology, with a market capitalization of approximately $95.2M, a beta of 1.23 versus the broader market, a 52-week range of 3.53-9.62, average daily share volume of 367K, a public-listing history dating back to 2019, approximately 68 full-time employees. These structural characteristics shape how DTIL stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.23 places DTIL 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 DTIL?
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.
DTIL snapshot
As of August 14, 2026, spot at $7.43, ATM IV 261.40%, IV rank 51.36%, expected move 74.94%. The iron condor on DTIL 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 DTIL specifically: DTIL IV at 261.40% is mid-range versus its 1-year history, so the credit collected on a DTIL iron condor sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 74.94% (roughly $5.57 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 DTIL expiries trade a higher absolute premium for lower per-day decay. Position sizing on DTIL should anchor to the underlying notional of $7.43 per share and to the trader's directional view on DTIL stock.
DTIL iron condor setup
The DTIL 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 DTIL at $7.43 on that close, the first option leg uses a $7.80 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed DTIL 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 DTIL shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $7.80 | N/A |
| Buy 1 | Call | $8.17 | N/A |
| Sell 1 | Put | $7.06 | N/A |
| Buy 1 | Put | $6.69 | N/A |
DTIL 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.
DTIL iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on DTIL. 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 DTIL
Iron condors on DTIL are a delta-neutral premium-collection structure that profits if DTIL stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
DTIL thesis for this iron condor
The market-implied 1-standard-deviation range for DTIL extends from approximately $1.86 on the downside to $13.00 on the upside. A DTIL iron condor is a delta-neutral premium-collection structure that pays off when DTIL 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 DTIL IV rank near 51.36% is mid-range against its 1-year distribution, so the IV signal is neutral; the iron condor thesis on DTIL should anchor more to the directional view and the expected-move geometry. As a Healthcare name, DTIL options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to DTIL-specific events.
DTIL 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. DTIL positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move DTIL alongside the broader basket even when DTIL-specific fundamentals are unchanged. Short-premium structures like a iron condor on DTIL carry tail risk when realized volatility exceeds the implied move; review historical DTIL earnings reactions and macro stress periods before sizing. Always rebuild the position from current DTIL chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on DTIL?
- A iron condor on DTIL is the iron condor strategy applied to DTIL (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 DTIL stock at $7.43 on the most recent close, the strikes shown on this page are snapped to the nearest listed DTIL chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are DTIL 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 DTIL iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 261.40%), 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 DTIL iron condor?
- The breakeven for the DTIL 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 DTIL market-implied 1-standard-deviation expected move in the same options snapshot is approximately 74.94%; 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 DTIL?
- Iron condors on DTIL are a delta-neutral premium-collection structure that profits if DTIL stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current DTIL implied volatility affect this iron condor?
- DTIL ATM IV is at 261.40% with IV rank near 51.36%, 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.