GRRR Iron Condor Strategy
GRRR (Gorilla Technology Group Inc.), in the Technology sector, (Software - Infrastructure industry), listed on NASDAQ.
Gorilla Technology Group Inc. provides video intelligence, Internet of Things (IoT) security, and edge content management hardware, software, and services in the Asia Pacific region. The company operates through three segments: Video IoT, Security Convergence, and Other segments. It offers intelligent video analytics AI models for various verticals, such as behavioral analytics, people/face recognition, vehicle analysis, object recognition, and business intelligence that can scan video for patterns and distinguish specific items using AI algorithms and metadata. The company also provides information technology (IT) and operational technology (OT) security convergence AI algorithms for system administrators and security engineers to detect suspicious behaviors in real time; network anomaly detection AI models; and endpoint malware and suspicious behavior detection AI models. In addition, it offers intelligent video analytics (IVA) appliances to analyze and turn unstructured video and picture data into structured data; IVAR appliance that provides insight into business and operations in a statistic dashboard; smart attendance to track employee health and safety, work hours, clock-ins/outs, and absenteeism, as well as to protect company assets and intellectual properties; event and video management system appliances to store event/object attributes in temporal-spatial big data database from Gorilla; and operation technology security appliance to monitor and control physical devices, processes, and infrastructure, as well as to protect industrial systems and networks from various threats. Further, the company provides smart retail SaaS for shopper demographics, visualized shopper behavior, and advanced data analytics, smart city and transportation SaaS for traffic management, public safety, and planning data; and endpoint security SaaS that protects endpoints against security threats.
GRRR (Gorilla Technology Group Inc.) trades in the Technology sector, specifically Software - Infrastructure, with a market capitalization of approximately $343.6M, a beta of 0.03 versus the broader market, a 52-week range of 9.04-27.9, average daily share volume of 663K, a public-listing history dating back to 2021, approximately 142 full-time employees. These structural characteristics shape how GRRR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.03 indicates GRRR has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure.
What is a iron condor on GRRR?
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 GRRR snapshot
As of May 15, 2026, spot at $13.18, ATM IV 119.42%, IV rank 70.04%, expected move 34.24%. The iron condor on GRRR 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 GRRR specifically: GRRR IV at 119.42% is rich versus its 1-year range, which favors premium-selling structures like a GRRR iron condor, with a market-implied 1-standard-deviation move of approximately 34.24% (roughly $4.51 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 GRRR expiries trade a higher absolute premium for lower per-day decay. Position sizing on GRRR should anchor to the underlying notional of $13.18 per share and to the trader's directional view on GRRR stock.
GRRR iron condor setup
The GRRR 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 GRRR near $13.18, the first option leg uses a $14.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed GRRR 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 GRRR shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $14.00 | $1.55 |
| Buy 1 | Call | $14.00 | $1.55 |
| Sell 1 | Put | $13.00 | $1.93 |
| Buy 1 | Put | $12.00 | $0.95 |
GRRR iron condor risk and reward
- Net Premium / Debit
- +$97.50
- Max Profit (per contract)
- $97.50
- Max Loss (per contract)
- -$2.50
- Breakeven(s)
- $11.98
- Risk / Reward Ratio
- 39.000
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.
GRRR iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on GRRR. 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% | -$2.50 |
| $2.92 | -77.8% | -$2.50 |
| $5.84 | -55.7% | -$2.50 |
| $8.75 | -33.6% | -$2.50 |
| $11.66 | -11.5% | -$2.50 |
| $14.58 | +10.6% | +$97.50 |
| $17.49 | +32.7% | +$97.50 |
| $20.40 | +54.8% | +$97.50 |
| $23.31 | +76.9% | +$97.50 |
| $26.23 | +99.0% | +$97.50 |
When traders use iron condor on GRRR
Iron condors on GRRR are a delta-neutral premium-collection structure that profits if GRRR stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
GRRR thesis for this iron condor
The market-implied 1-standard-deviation range for GRRR extends from approximately $8.67 on the downside to $17.69 on the upside. A GRRR iron condor is a delta-neutral premium-collection structure that pays off when GRRR 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 GRRR IV rank near 70.04% sits in the upper third of its 1-year distribution, which historically reverts; this raises the bar for premium-buying structures and lowers it for premium-selling structures on GRRR at 119.42%. As a Technology name, GRRR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to GRRR-specific events.
GRRR 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. GRRR positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move GRRR alongside the broader basket even when GRRR-specific fundamentals are unchanged. Short-premium structures like a iron condor on GRRR carry tail risk when realized volatility exceeds the implied move; review historical GRRR earnings reactions and macro stress periods before sizing. Always rebuild the position from current GRRR chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on GRRR?
- A iron condor on GRRR is the iron condor strategy applied to GRRR (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 GRRR stock trading near $13.18, the strikes shown on this page are snapped to the nearest listed GRRR chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are GRRR 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 GRRR iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 119.42%), the computed maximum profit is $97.50 per contract and the computed maximum loss is -$2.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a GRRR iron condor?
- The breakeven for the GRRR iron condor priced on this page is roughly $11.98 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 GRRR market-implied 1-standard-deviation expected move is approximately 34.24%; 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 GRRR?
- Iron condors on GRRR are a delta-neutral premium-collection structure that profits if GRRR stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current GRRR implied volatility affect this iron condor?
- GRRR ATM IV is at 119.42% with IV rank near 70.04%, which is elevated relative to its 1-year range. Premium-selling structures (covered call, cash-secured put, iron condor) generally look more attractive when IV rank is high; premium-buying structures (long call, long put, debit spreads) are more expensive in that regime.