FTV Iron Condor Strategy
FTV (Fortive Corporation), in the Technology sector, (Hardware, Equipment & Parts industry), listed on NYSE.
Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Intelligent Operating Solutions segment offers connected reliability tools; environment, health, safety, and quality enterprise software products; facility and asset lifecycle software; pre-construction planning and construction procurement solutions; ruggedized professional test tools; electric, pressure, and temperature calibration tools; and portable gas detection tools for a range of vertical end markets including manufacturing, process industries, healthcare, utilities and power, communications and electronics, and others. It markets its products and services under the ACCRUENT, FLUKE, GORDIAN, INDUSTRIAL SCIENTIFIC, INTELEX, PRUFTECHNIK, and SERVICECHANNEL brands. The company's Precision Technologies segment provides electrical test and measurement instruments and services; energetic material devices; and sensor and control system solutions for power and energy, medical equipment, food and beverage, aerospace and defense, off-highway vehicles, electronics, semiconductors, and other general industrial markets. This segment markets its products under the ANDERSON-NEGELE, GEMS, SETRA, HENGSTLER-DYNAPAR, QUALITROL, PACIFIC SCIENTIFIC, KEITHLEY, and TEKTRONIX brands. Its Advanced Healthcare Solutions segment offers hardware and software products and services, including instrument and device reprocessing, instrument tracking, biomedical test tools, radiation safety monitoring, and asset management services; subscription-based surgical inventory management systems to facilitate inventory management and regulatory compliance, as well as technical, analytical, and compliance services to determine radiation exposure services under the ASP, CENSIS, CENSITRAC, EVOTECH, FLUKE BIOMEDICAL, INVETECH, LANDAUER, RAYSAFE, and STERRAD brands.
FTV (Fortive Corporation) trades in the Technology sector, specifically Hardware, Equipment & Parts, with a market capitalization of approximately $18.11B, a trailing P/E of 33.84, a beta of 1.01 versus the broader market, a 52-week range of 46.34-62.805, average daily share volume of 3.2M, a public-listing history dating back to 2016, approximately 10K full-time employees. These structural characteristics shape how FTV stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.01 places FTV roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. FTV pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a iron condor on FTV?
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 FTV snapshot
As of May 14, 2026, spot at $58.67, ATM IV 29.50%, IV rank 3.39%, expected move 8.46%. The iron condor on FTV 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 35-day expiry.
Why this iron condor structure on FTV specifically: FTV IV at 29.50% is on the cheap side of its 1-year range, which means a premium-selling FTV iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 8.46% (roughly $4.96 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 FTV expiries trade a higher absolute premium for lower per-day decay. Position sizing on FTV should anchor to the underlying notional of $58.67 per share and to the trader's directional view on FTV stock.
FTV iron condor setup
The FTV 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 FTV near $58.67, the first option leg uses a $61.60 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed FTV 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 FTV shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $61.60 | N/A |
| Buy 1 | Call | $64.54 | N/A |
| Sell 1 | Put | $55.74 | N/A |
| Buy 1 | Put | $52.80 | N/A |
FTV 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.
FTV iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on FTV. 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 FTV
Iron condors on FTV are a delta-neutral premium-collection structure that profits if FTV stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
FTV thesis for this iron condor
The market-implied 1-standard-deviation range for FTV extends from approximately $53.71 on the downside to $63.63 on the upside. A FTV iron condor is a delta-neutral premium-collection structure that pays off when FTV 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 FTV IV rank near 3.39% 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 FTV at 29.50%. As a Technology name, FTV options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to FTV-specific events.
FTV 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. FTV positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move FTV alongside the broader basket even when FTV-specific fundamentals are unchanged. Short-premium structures like a iron condor on FTV carry tail risk when realized volatility exceeds the implied move; review historical FTV earnings reactions and macro stress periods before sizing. Always rebuild the position from current FTV chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on FTV?
- A iron condor on FTV is the iron condor strategy applied to FTV (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 FTV stock trading near $58.67, the strikes shown on this page are snapped to the nearest listed FTV chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are FTV 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 FTV iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 29.50%), 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 FTV iron condor?
- The breakeven for the FTV 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 FTV market-implied 1-standard-deviation expected move is approximately 8.46%; 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 FTV?
- Iron condors on FTV are a delta-neutral premium-collection structure that profits if FTV stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current FTV implied volatility affect this iron condor?
- FTV ATM IV is at 29.50% with IV rank near 3.39%, 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.