GLOB Iron Condor Strategy
GLOB (Globant S.A.), in the Technology sector, (Information Technology Services industry), listed on NYSE.
Globant S.A., together with its subsidiaries, provides technology services in the United States, rest of North America, Latin America, Europe, and internationally. The company offers Digital Studio, which integrates artificial intelligence into the software development lifecycle; GUT Studio, which allows clients to better connect brands to end-consumers through experiential marketing; and Enterprise Studio, which leverages tailored technology for streamlined operations and productivity. It also provides AI Industry Studios for the financial services; media, entertainment, sports, and leisure; healthcare and life sciences; CPG, retail, and automotive; gaming and EdTech; airlines; energy, oil, and gas; and high tech and professional services sectors. In addition, the company offers AI Pods, a subscription-based delivery model for AI-powered services; Globant Enterprise AI, an agentic innovation platform; Corporate Hub, which grounds intelligence in how the organization operates; AI Hub, which connects and governs foundation and custom models, enabling industry-specific fine-tuning, continuous evaluation, and optimization; and Agents Hub, which enables autonomous action through the creation and coordination of agents and agentic workflows that operate across systems, teams, and physical environments. Further, it provides various agentic suites, including GeneXus for enterprise systems evolution; Globant CODA for software development; Navigate Digital Twin for process optimization; Navigate Service Assist for support; and Fusion, which enhances marketing, communications, and advertising with AI at the core, as well as StarMeUp, an employee engagement and talent experience platform; and DaXia, an embedded finance accelerator platform. The company has a collaboration with Pharma Mar, S.A. for cancer drug discovery through artificial intelligence.
GLOB (Globant S.A.) trades in the Technology sector, specifically Information Technology Services, with a market capitalization of approximately $1.30B, a trailing P/E of 11.84, a beta of 1.02 versus the broader market, a 52-week range of 27.56-95.26, average daily share volume of 1.8M, a public-listing history dating back to 2014, approximately 29K full-time employees. These structural characteristics shape how GLOB stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.02 places GLOB roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. The trailing P/E of 11.84 is on the value side, where IV often compresses outside event windows because forward growth expectations are already discounted into the share price.
What is a iron condor on GLOB?
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 GLOB snapshot
As of June 29, 2026, spot at $30.21, ATM IV 71.20%, IV rank 21.54%, expected move 20.41%. The iron condor on GLOB 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 53-day expiry.
Why this iron condor structure on GLOB specifically: GLOB IV at 71.20% is on the cheap side of its 1-year range, which means a premium-selling GLOB iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 20.41% (roughly $6.17 on the underlying). The 53-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated GLOB expiries trade a higher absolute premium for lower per-day decay. Position sizing on GLOB should anchor to the underlying notional of $30.21 per share and to the trader's directional view on GLOB stock.
GLOB iron condor setup
The GLOB 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 GLOB near $30.21, the first option leg uses a $31.72 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed GLOB chain at a 53-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 GLOB shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $31.72 | N/A |
| Buy 1 | Call | $33.23 | N/A |
| Sell 1 | Put | $28.70 | N/A |
| Buy 1 | Put | $27.19 | N/A |
GLOB 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.
GLOB iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on GLOB. 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 GLOB
Iron condors on GLOB are a delta-neutral premium-collection structure that profits if GLOB stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
GLOB thesis for this iron condor
The market-implied 1-standard-deviation range for GLOB extends from approximately $24.04 on the downside to $36.38 on the upside. A GLOB iron condor is a delta-neutral premium-collection structure that pays off when GLOB 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 GLOB IV rank near 21.54% 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 GLOB at 71.20%. As a Technology name, GLOB options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to GLOB-specific events.
GLOB 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. GLOB positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move GLOB alongside the broader basket even when GLOB-specific fundamentals are unchanged. Short-premium structures like a iron condor on GLOB carry tail risk when realized volatility exceeds the implied move; review historical GLOB earnings reactions and macro stress periods before sizing. Always rebuild the position from current GLOB chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on GLOB?
- A iron condor on GLOB is the iron condor strategy applied to GLOB (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 GLOB stock trading near $30.21, the strikes shown on this page are snapped to the nearest listed GLOB chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are GLOB 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 GLOB iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 71.20%), 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 GLOB iron condor?
- The breakeven for the GLOB 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 GLOB market-implied 1-standard-deviation expected move is approximately 20.41%; 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 GLOB?
- Iron condors on GLOB are a delta-neutral premium-collection structure that profits if GLOB stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current GLOB implied volatility affect this iron condor?
- GLOB ATM IV is at 71.20% with IV rank near 21.54%, 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.