How are ECO 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 ECO iron condor priced from the November 13, 2026 end-of-day chain at a 30-day expiry (ATM IV 63.50%), the computed maximum profit is $460.00 per contract and the computed maximum loss is -$40.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a ECO iron condor?

The breakeven for the ECO iron condor priced on this page is roughly $80.38 and $99.64 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 ECO market-implied 1-standard-deviation expected move in the same options snapshot is approximately 18.20%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current ECO implied volatility affect this iron condor?

Current ECO ATM IV is 63.50%; IV rank context is unavailable in the current snapshot.

ECO Iron Condor Strategy

ECO (Okeanis Eco Tankers Corp.), in the Industrials sector, (Marine Shipping industry), listed on NYSE.

Okeanis Eco Tankers Corp. is a global maritime enterprise primarily involved in the acquisition, chartering out, and operational oversight of oil tanker vessels worldwide. Beyond its core business, the firm also delivers a variety of shipping-related services, including technical assistance, vessel maintenance, and insurance consultancy. The company's modern fleet consists of fourteen state-of-the-art, scrubber-fitted tankers: specifically, six Suezmax vessels and eight Very Large Crude Carriers (VLCCs). Established in 2018, its principal operations are based in Piraeus, Greece.

ECO (Okeanis Eco Tankers Corp.) trades in the Industrials sector, specifically Marine Shipping, with a market capitalization of approximately $2.90B, a trailing P/E of 4.94, a beta of -0.44 versus the broader market, a 52-week range of 31.75-102.56, average daily share volume of 718K, a public-listing history dating back to 2023, approximately 14 full-time employees. These structural characteristics shape how ECO stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of -0.44 indicates ECO has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. The trailing P/E of 4.94 is on the value side, where IV often compresses outside event windows because forward growth expectations are already discounted into the share price. ECO pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a iron condor on ECO?

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.

ECO snapshot

As of November 13, 2026, spot at $88.90, ATM IV 63.50%, expected move 18.20%. The iron condor on ECO 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 ECO specifically: IV rank is unavailable in the current snapshot, so regime-based timing for ECO is inferred from ATM IV at 63.50% alone, with a market-implied 1-standard-deviation move of approximately 18.20% (roughly $16.18 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 ECO expiries trade a higher absolute premium for lower per-day decay. Position sizing on ECO should anchor to the underlying notional of $88.90 per share and to the trader's directional view on ECO stock.

ECO iron condor setup

The ECO 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 ECO at $88.90 on that close, the first option leg uses a $95.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ECO 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 ECO shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Call	$95.00	$3.25
Buy 1	Call	$100.00	$1.45
Sell 1	Put	$85.00	$8.10
Buy 1	Put	$80.00	$5.30

ECO iron condor risk and reward

Net Premium / Debit: +$460.00
Max Profit (per contract): $460.00
Max Loss (per contract): -$40.00
Breakeven(s): $80.38, $99.64
Risk / Reward Ratio: 11.500

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.

ECO iron condor payoff curve

Modeled P&L at expiration across a range of underlying prices for the iron condor on ECO. 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%	-$40.00
$19.67	-77.9%	-$40.00
$39.32	-55.8%	-$40.00
$58.98	-33.7%	-$40.00
$78.63	-11.6%	-$40.00
$98.29	+10.6%	+$131.41
$117.94	+32.7%	-$40.00
$137.60	+54.8%	-$40.00
$157.25	+76.9%	-$40.00
$176.91	+99.0%	-$40.00

When traders use iron condor on ECO

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

ECO thesis for this iron condor

The market-implied 1-standard-deviation range for ECO extends from approximately $72.72 on the downside to $105.08 on the upside. A ECO iron condor is a delta-neutral premium-collection structure that pays off when ECO 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. As a Industrials name, ECO options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ECO-specific events.

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

Frequently asked questions

What is a iron condor on ECO?: A iron condor on ECO is the iron condor strategy applied to ECO (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 ECO stock at $88.90 on the November 13, 2026 close, the strikes shown on this page are snapped to the nearest listed ECO chain strike and the premiums come straight from that session's bid/ask midpoint.
How are ECO 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 ECO iron condor priced from the November 13, 2026 end-of-day chain at a 30-day expiry (ATM IV 63.50%), the computed maximum profit is $460.00 per contract and the computed maximum loss is -$40.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a ECO iron condor?: The breakeven for the ECO iron condor priced on this page is roughly $80.38 and $99.64 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 ECO market-implied 1-standard-deviation expected move in the same options snapshot is approximately 18.20%; 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 ECO?: Iron condors on ECO are a delta-neutral premium-collection structure that profits if ECO stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
How does current ECO implied volatility affect this iron condor?: Current ECO ATM IV is 63.50%; IV rank context is unavailable in the current snapshot.