How are FTK 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 FTK iron condor priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 66.50%), the computed maximum profit is $90.00 per contract and the computed maximum loss is -$110.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a FTK iron condor?

The breakeven for the FTK iron condor priced on this page is roughly $33.10 and $38.90 at expiration, derived from the August 14, 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 FTK market-implied 1-standard-deviation expected move in the same options snapshot is approximately 19.06%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current FTK implied volatility affect this iron condor?

FTK ATM IV is at 66.50% with IV rank near 20.52%, 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.

FTK Iron Condor Strategy

FTK (Flotek Industries, Inc.), in the Energy sector, (Oil & Gas Equipment & Services industry), listed on NYSE.

Flotek Industries, Inc., founded in 1985 and headquartered in Houston, Texas, operates as an innovation-driven enterprise specializing in chemical and data solutions. Its global reach extends across industrial, commercial, and consumer sectors, with a presence in the United States, the United Arab Emirates, and other international markets. The company's operations are organized into two key divisions. The Chemistry Technologies (CT) segment focuses on the research, development, manufacturing, and distribution of environmentally friendly specialty chemicals. These products are designed to boost the profitability of hydrocarbon extraction and to sanitize commercial and personal environments, thereby mitigating the transmission of bacteria, viruses, and germs. This segment serves a wide array of energy clients, including integrated oil and gas companies, oilfield service providers, independent producers, national and state-owned oil entities, and firms engaged in geothermal, solar, and alternative energy.

FTK (Flotek Industries, Inc.) trades in the Energy sector, specifically Oil & Gas Equipment & Services, with a market capitalization of approximately $1.34B, a trailing P/E of 35.36, a beta of 1.48 versus the broader market, a 52-week range of 10.95-39.52, average daily share volume of 329K, a public-listing history dating back to 2005, approximately 159 full-time employees. These structural characteristics shape how FTK stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.48 indicates FTK has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. The trailing P/E of 35.36 is on the rich side, which tends to correlate with higher earnings-window IV expansion as the market debates whether forward growth supports the multiple.

What is a iron condor on FTK?

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.

FTK snapshot

As of August 14, 2026, spot at $36.08, ATM IV 66.50%, IV rank 20.52%, expected move 19.06%. The iron condor on FTK below is built from the August 14, 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 FTK specifically: FTK IV at 66.50% is on the cheap side of its 1-year range, which means a premium-selling FTK iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 19.06% (roughly $6.88 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 FTK expiries trade a higher absolute premium for lower per-day decay. Position sizing on FTK should anchor to the underlying notional of $36.08 per share and to the trader's directional view on FTK stock.

FTK iron condor setup

The FTK iron condor below is built from the August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With FTK at $36.08 on that close, the first option leg uses a $38.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed FTK 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 FTK shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Call	$38.00	$2.20
Buy 1	Call	$40.00	$1.45
Sell 1	Put	$34.00	$2.28
Buy 1	Put	$32.00	$2.13

FTK iron condor risk and reward

Net Premium / Debit: +$90.00
Max Profit (per contract): $90.00
Max Loss (per contract): -$110.00
Breakeven(s): $33.10, $38.90
Risk / Reward Ratio: 0.818

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.

FTK iron condor payoff curve

Modeled P&L at expiration across a range of underlying prices for the iron condor on FTK. 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%	-$110.00
$7.99	-77.9%	-$110.00
$15.96	-55.8%	-$110.00
$23.94	-33.6%	-$110.00
$31.92	-11.5%	-$110.00
$39.89	+10.6%	-$99.19
$47.87	+32.7%	-$110.00
$55.84	+54.8%	-$110.00
$63.82	+76.9%	-$110.00
$71.80	+99.0%	-$110.00

When traders use iron condor on FTK

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

FTK thesis for this iron condor

The market-implied 1-standard-deviation range for FTK extends from approximately $29.20 on the downside to $42.96 on the upside. A FTK iron condor is a delta-neutral premium-collection structure that pays off when FTK 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 FTK IV rank near 20.52% 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 FTK at 66.50%. As a Energy name, FTK options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to FTK-specific events.

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

Frequently asked questions

What is a iron condor on FTK?: A iron condor on FTK is the iron condor strategy applied to FTK (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 FTK stock at $36.08 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed FTK chain strike and the premiums come straight from that session's bid/ask midpoint.
How are FTK 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 FTK iron condor priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 66.50%), the computed maximum profit is $90.00 per contract and the computed maximum loss is -$110.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a FTK iron condor?: The breakeven for the FTK iron condor priced on this page is roughly $33.10 and $38.90 at expiration, derived from the August 14, 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 FTK market-implied 1-standard-deviation expected move in the same options snapshot is approximately 19.06%; 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 FTK?: Iron condors on FTK are a delta-neutral premium-collection structure that profits if FTK stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
How does current FTK implied volatility affect this iron condor?: FTK ATM IV is at 66.50% with IV rank near 20.52%, 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.