How are GOOS 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 GOOS iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 32.21%), the computed maximum profit is $13.50 per contract and the computed maximum loss is -$36.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a GOOS iron condor?

The breakeven for the GOOS iron condor priced on this page is roughly $8.87 and $10.14 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 GOOS market-implied 1-standard-deviation expected move is approximately 9.23%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current GOOS implied volatility affect this iron condor?

GOOS ATM IV is at 32.21% with IV rank near 6.09%, 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.

GOOS Iron Condor Strategy

GOOS (Canada Goose Holdings Inc.), in the Consumer Cyclical sector, (Apparel - Manufacturers industry), listed on NYSE.

Canada Goose Holdings Inc. designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia Pacific, Europe, the Middle East, Africa, and Latin America. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other. It offers parkas, lightweight down jackets, rainwear, windwear, knitwear, footwear, and accessories for fall, winter, and spring seasons. As of April 3, 2022, the company operated through its 56 national e-commerce markets and 41 directly operated retail stores in North America, Europe, and Asia Pacific. It also sells its products through wholesale partners and distributors. The company was founded in 1957 and is headquartered in Toronto, Canada.

GOOS (Canada Goose Holdings Inc.) trades in the Consumer Cyclical sector, specifically Apparel - Manufacturers, with a market capitalization of approximately $1.04B, a trailing P/E of 66.02, a beta of 1.77 versus the broader market, a 52-week range of 8.86-15.425, average daily share volume of 422K, a public-listing history dating back to 2017, approximately 4K full-time employees. These structural characteristics shape how GOOS stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.77 indicates GOOS 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 66.02 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 GOOS?

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 GOOS snapshot

As of May 15, 2026, spot at $9.62, ATM IV 32.21%, IV rank 6.09%, expected move 9.23%. The iron condor on GOOS 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 14-day expiry.

Why this iron condor structure on GOOS specifically: GOOS IV at 32.21% is on the cheap side of its 1-year range, which means a premium-selling GOOS iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 9.23% (roughly $0.89 on the underlying). The 14-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated GOOS expiries trade a higher absolute premium for lower per-day decay. Position sizing on GOOS should anchor to the underlying notional of $9.62 per share and to the trader's directional view on GOOS stock.

GOOS iron condor setup

The GOOS 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 GOOS near $9.62, the first option leg uses a $10.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed GOOS chain at a 14-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 GOOS shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Call	$10.00	$0.18
Buy 1	Call	$10.50	$0.10
Sell 1	Put	$9.00	$0.10
Buy 1	Put	$8.50	$0.04

GOOS iron condor risk and reward

Net Premium / Debit: +$13.50
Max Profit (per contract): $13.50
Max Loss (per contract): -$36.50
Breakeven(s): $8.87, $10.14
Risk / Reward Ratio: 0.370

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.

GOOS iron condor payoff curve

Modeled P&L at expiration across a range of underlying prices for the iron condor on GOOS. 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	-99.9%	-$36.50
$2.14	-77.8%	-$36.50
$4.26	-55.7%	-$36.50
$6.39	-33.6%	-$36.50
$8.51	-11.5%	-$35.13
$10.64	+10.6%	-$36.50
$12.77	+32.7%	-$36.50
$14.89	+54.8%	-$36.50
$17.02	+76.9%	-$36.50
$19.14	+99.0%	-$36.50

When traders use iron condor on GOOS

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

GOOS thesis for this iron condor

The market-implied 1-standard-deviation range for GOOS extends from approximately $8.73 on the downside to $10.51 on the upside. A GOOS iron condor is a delta-neutral premium-collection structure that pays off when GOOS 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 GOOS IV rank near 6.09% 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 GOOS at 32.21%. As a Consumer Cyclical name, GOOS options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to GOOS-specific events.

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

Frequently asked questions

What is a iron condor on GOOS?: A iron condor on GOOS is the iron condor strategy applied to GOOS (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 GOOS stock trading near $9.62, the strikes shown on this page are snapped to the nearest listed GOOS chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are GOOS 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 GOOS iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 32.21%), the computed maximum profit is $13.50 per contract and the computed maximum loss is -$36.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a GOOS iron condor?: The breakeven for the GOOS iron condor priced on this page is roughly $8.87 and $10.14 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 GOOS market-implied 1-standard-deviation expected move is approximately 9.23%; 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 GOOS?: Iron condors on GOOS are a delta-neutral premium-collection structure that profits if GOOS stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
How does current GOOS implied volatility affect this iron condor?: GOOS ATM IV is at 32.21% with IV rank near 6.09%, 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.