FOXF Iron Condor Strategy
FOXF (Fox Factory Holding Corp.), in the Consumer Cyclical sector, (Auto - Parts industry), listed on NASDAQ.
Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers mid-end and high-end front fork and rear suspension products for mountain bikes, road bikes, and e-bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, and specialty vehicles and applications, such as military, motorcycles, and commercial trucks. It also provides mountain and road bike wheels, and other performance cycling components, including cranks, chain rings, pedals, bars, stems, and seat posts, as well as sells aftermarket products to dealers and distributors. The company offers powered vehicles under the FOX, BDS Suspension, Zone Offroad, JKS Manufacturing, RT Pro UTV, 4x4 Posi-Lok, Ridetech, Tuscany, Outside Van, and SCA brands; and mountain bikes and road bikes under the FOX, Race Face, Easton Cycling, and Marzocchi brands. Fox Factory Holding Corp. was incorporated in 2007 and is headquartered in Duluth, Georgia.
FOXF (Fox Factory Holding Corp.) trades in the Consumer Cyclical sector, specifically Auto - Parts, with a market capitalization of approximately $681.5M, a beta of 1.37 versus the broader market, a 52-week range of 13.08-31.18, average daily share volume of 667K, a public-listing history dating back to 2013, approximately 4K full-time employees. These structural characteristics shape how FOXF stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.37 indicates FOXF has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position.
What is a iron condor on FOXF?
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 FOXF snapshot
As of May 15, 2026, spot at $16.15, ATM IV 60.10%, IV rank 7.18%, expected move 17.23%. The iron condor on FOXF 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 FOXF specifically: FOXF IV at 60.10% is on the cheap side of its 1-year range, which means a premium-selling FOXF iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 17.23% (roughly $2.78 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 FOXF expiries trade a higher absolute premium for lower per-day decay. Position sizing on FOXF should anchor to the underlying notional of $16.15 per share and to the trader's directional view on FOXF stock.
FOXF iron condor setup
The FOXF 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 FOXF near $16.15, the first option leg uses a $16.96 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed FOXF 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 FOXF shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $16.96 | N/A |
| Buy 1 | Call | $17.77 | N/A |
| Sell 1 | Put | $15.34 | N/A |
| Buy 1 | Put | $14.53 | N/A |
FOXF 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.
FOXF iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on FOXF. 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 FOXF
Iron condors on FOXF are a delta-neutral premium-collection structure that profits if FOXF stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
FOXF thesis for this iron condor
The market-implied 1-standard-deviation range for FOXF extends from approximately $13.37 on the downside to $18.93 on the upside. A FOXF iron condor is a delta-neutral premium-collection structure that pays off when FOXF 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 FOXF IV rank near 7.18% 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 FOXF at 60.10%. As a Consumer Cyclical name, FOXF options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to FOXF-specific events.
FOXF 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. FOXF positions also carry Consumer Cyclical sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move FOXF alongside the broader basket even when FOXF-specific fundamentals are unchanged. Short-premium structures like a iron condor on FOXF carry tail risk when realized volatility exceeds the implied move; review historical FOXF earnings reactions and macro stress periods before sizing. Always rebuild the position from current FOXF chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on FOXF?
- A iron condor on FOXF is the iron condor strategy applied to FOXF (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 FOXF stock trading near $16.15, the strikes shown on this page are snapped to the nearest listed FOXF chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are FOXF 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 FOXF iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 60.10%), 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 FOXF iron condor?
- The breakeven for the FOXF 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 FOXF market-implied 1-standard-deviation expected move is approximately 17.23%; 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 FOXF?
- Iron condors on FOXF are a delta-neutral premium-collection structure that profits if FOXF stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current FOXF implied volatility affect this iron condor?
- FOXF ATM IV is at 60.10% with IV rank near 7.18%, 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.