GOLF Iron Condor Strategy
GOLF (Acushnet Holdings Corp.), in the Consumer Cyclical sector, (Leisure industry), listed on NYSE.
Based in Fairhaven, Massachusetts, Acushnet Holdings Corp. is a prominent global entity that designs, manufactures, and distributes a comprehensive array of golf products. Since its founding in 1910, and having changed its name from Alexandria Holdings Corp. in March 2016, the company now reaches markets across the United States, Europe, the Middle East, Africa, Japan, Korea, and other international territories. The company operates through four primary divisions: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear. Under its flagship Titleist brand, Acushnet offers a full range of golf balls and clubs, including drivers, fairways, hybrids, and irons. Specialty products include Vokey Design wedges and Scotty Cameron putters. Beyond clubs and balls, the Titleist Golf Gear segment supplies accessories such as golf bags, headwear, gloves, travel items, and head covers, with customization services available.
GOLF (Acushnet Holdings Corp.) trades in the Consumer Cyclical sector, specifically Leisure, with a market capitalization of approximately $5.22B, a trailing P/E of 24.22, a beta of 0.82 versus the broader market, a 52-week range of 73.09-119.65, average daily share volume of 343K, a public-listing history dating back to 2016, approximately 7K full-time employees. These structural characteristics shape how GOLF stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.82 places GOLF roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. GOLF pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a iron condor on GOLF?
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.
GOLF snapshot
As of August 14, 2026, spot at $89.95, ATM IV 33.60%, IV rank 3.93%, expected move 9.63%. The iron condor on GOLF 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 GOLF specifically: GOLF IV at 33.60% is on the cheap side of its 1-year range, which means a premium-selling GOLF iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 9.63% (roughly $8.66 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 GOLF expiries trade a higher absolute premium for lower per-day decay. Position sizing on GOLF should anchor to the underlying notional of $89.95 per share and to the trader's directional view on GOLF stock.
GOLF iron condor setup
The GOLF 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 GOLF at $89.95 on that close, the first option leg uses a $95.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed GOLF 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 GOLF shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $95.00 | $2.48 |
| Buy 1 | Call | $100.00 | $0.64 |
| Sell 1 | Put | $85.00 | $1.47 |
| Buy 1 | Put | $80.00 | $1.05 |
GOLF iron condor risk and reward
- Net Premium / Debit
- +$225.50
- Max Profit (per contract)
- $225.50
- Max Loss (per contract)
- -$274.50
- Breakeven(s)
- $82.75, $97.26
- Risk / Reward Ratio
- 0.821
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.
GOLF iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on GOLF. 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% | -$274.50 |
| $19.90 | -77.9% | -$274.50 |
| $39.78 | -55.8% | -$274.50 |
| $59.67 | -33.7% | -$274.50 |
| $79.56 | -11.6% | -$274.50 |
| $99.45 | +10.6% | -$219.17 |
| $119.33 | +32.7% | -$274.50 |
| $139.22 | +54.8% | -$274.50 |
| $159.11 | +76.9% | -$274.50 |
| $179.00 | +99.0% | -$274.50 |
When traders use iron condor on GOLF
Iron condors on GOLF are a delta-neutral premium-collection structure that profits if GOLF stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
GOLF thesis for this iron condor
The market-implied 1-standard-deviation range for GOLF extends from approximately $81.29 on the downside to $98.61 on the upside. A GOLF iron condor is a delta-neutral premium-collection structure that pays off when GOLF 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 GOLF IV rank near 3.93% 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 GOLF at 33.60%. As a Consumer Cyclical name, GOLF options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to GOLF-specific events.
GOLF 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. GOLF positions also carry Consumer Cyclical sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move GOLF alongside the broader basket even when GOLF-specific fundamentals are unchanged. Short-premium structures like a iron condor on GOLF carry tail risk when realized volatility exceeds the implied move; review historical GOLF earnings reactions and macro stress periods before sizing. Always rebuild the position from current GOLF chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on GOLF?
- A iron condor on GOLF is the iron condor strategy applied to GOLF (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 GOLF stock at $89.95 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed GOLF chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are GOLF 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 GOLF iron condor priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 33.60%), the computed maximum profit is $225.50 per contract and the computed maximum loss is -$274.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a GOLF iron condor?
- The breakeven for the GOLF iron condor priced on this page is roughly $82.75 and $97.26 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 GOLF market-implied 1-standard-deviation expected move in the same options snapshot is approximately 9.63%; 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 GOLF?
- Iron condors on GOLF are a delta-neutral premium-collection structure that profits if GOLF stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current GOLF implied volatility affect this iron condor?
- GOLF ATM IV is at 33.60% with IV rank near 3.93%, 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.