How are GE 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 GE iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 36.88%), the computed maximum profit is $756.00 per contract and the computed maximum loss is -$744.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a GE iron condor?

The breakeven for the GE iron condor priced on this page is roughly $267.44 and $312.56 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 GE market-implied 1-standard-deviation expected move is approximately 10.57%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current GE implied volatility affect this iron condor?

GE ATM IV is at 36.88% with IV rank near 58.95%, 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.

GE Iron Condor Strategy

GE (GE Aerospace), in the Industrials sector, (Aerospace & Defense industry), listed on NYSE.

GE Aerospace is an American aircraft company, which engages in the provision of jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft. The firm's portfolio of brands includes Avio Aero, Unison, GE Additive, and Dowty Propellers. It operates through the Commercial Engines & Services and Defense & Propulsion Technologies segments. The Commercial Engines & Services segment is involved in the design, development, manufacturing, and servicing of jet engines for commercial airframes, as well as business aviation and aeroderivative applications. The Defense & Propulsion Technologies segment offers defense engines and critical aircraft systems. The company was founded by Thomas Alva Edison in 1878 and is headquartered in Evendale, OH.

GE (GE Aerospace) trades in the Industrials sector, specifically Aerospace & Defense, with a market capitalization of approximately $307.92B, a trailing P/E of 35.31, a beta of 1.35 versus the broader market, a 52-week range of 223.45-348.48, average daily share volume of 6.0M, a public-listing history dating back to 1962, approximately 53K full-time employees. These structural characteristics shape how GE stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.35 indicates GE 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 35.31 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. GE pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a iron condor on GE?

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 GE snapshot

As of May 14, 2026, spot at $291.02, ATM IV 36.88%, IV rank 58.95%, expected move 10.57%. The iron condor on GE 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 28-day expiry.

Why this iron condor structure on GE specifically: GE IV at 36.88% is mid-range versus its 1-year history, so the credit collected on a GE iron condor sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 10.57% (roughly $30.77 on the underlying). The 28-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated GE expiries trade a higher absolute premium for lower per-day decay. Position sizing on GE should anchor to the underlying notional of $291.02 per share and to the trader's directional view on GE stock.

GE iron condor setup

The GE 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 GE near $291.02, the first option leg uses a $305.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed GE chain at a 28-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 GE shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Call	$305.00	$3.73
Buy 1	Call	$320.00	$1.29
Sell 1	Put	$275.00	$8.13
Buy 1	Put	$260.00	$3.01

GE iron condor risk and reward

Net Premium / Debit: +$756.00
Max Profit (per contract): $756.00
Max Loss (per contract): -$744.00
Breakeven(s): $267.44, $312.56
Risk / Reward Ratio: 1.016

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.

GE iron condor payoff curve

Modeled P&L at expiration across a range of underlying prices for the iron condor on GE. 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.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	-$744.00
$64.36	-77.9%	-$744.00
$128.70	-55.8%	-$744.00
$193.05	-33.7%	-$744.00
$257.39	-11.6%	-$744.00
$321.74	+10.6%	-$744.00
$386.08	+32.7%	-$744.00
$450.43	+54.8%	-$744.00
$514.77	+76.9%	-$744.00
$579.12	+99.0%	-$744.00

When traders use iron condor on GE

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

GE thesis for this iron condor

The market-implied 1-standard-deviation range for GE extends from approximately $260.25 on the downside to $321.79 on the upside. A GE iron condor is a delta-neutral premium-collection structure that pays off when GE 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 GE IV rank near 58.95% is mid-range against its 1-year distribution, so the IV signal is neutral; the iron condor thesis on GE should anchor more to the directional view and the expected-move geometry. As a Industrials name, GE options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to GE-specific events.

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

Frequently asked questions

What is a iron condor on GE?: A iron condor on GE is the iron condor strategy applied to GE (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 GE stock trading near $291.02, the strikes shown on this page are snapped to the nearest listed GE chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are GE 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 GE iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 36.88%), the computed maximum profit is $756.00 per contract and the computed maximum loss is -$744.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a GE iron condor?: The breakeven for the GE iron condor priced on this page is roughly $267.44 and $312.56 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 GE market-implied 1-standard-deviation expected move is approximately 10.57%; 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 GE?: Iron condors on GE are a delta-neutral premium-collection structure that profits if GE stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
How does current GE implied volatility affect this iron condor?: GE ATM IV is at 36.88% with IV rank near 58.95%, 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.