HUBG Iron Condor Strategy
HUBG (Hub Group, Inc.), in the Industrials sector, (Integrated Freight & Logistics industry), listed on NASDAQ.
Hub Group, Inc., a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation. Its logistics services comprise full outsource logistics solution, transportation management, freight consolidation, warehousing and fulfillment, final mile delivery, and parcel and international services. The company also provides dry van, expedited, less-than-truckload, refrigerated, and flatbed truck brokerage services. It offers a fleet of approximately 1,000 tractors and 4,600 trailers to its customers, as well as the driver staffing, management, and infrastructure. The company serves a range of industries, including retail, consumer products, and durable goods.
HUBG (Hub Group, Inc.) trades in the Industrials sector, specifically Integrated Freight & Logistics, with a market capitalization of approximately $2.30B, a trailing P/E of 21.71, a beta of 1.27 versus the broader market, a 52-week range of 32.46-53.26, average daily share volume of 776K, a public-listing history dating back to 1996, approximately 6K full-time employees. These structural characteristics shape how HUBG stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.27 places HUBG roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. HUBG pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a iron condor on HUBG?
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 HUBG snapshot
As of May 15, 2026, spot at $37.33, ATM IV 61.80%, IV rank 32.65%, expected move 17.72%. The iron condor on HUBG 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 34-day expiry.
Why this iron condor structure on HUBG specifically: HUBG IV at 61.80% is mid-range versus its 1-year history, so the credit collected on a HUBG iron condor sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 17.72% (roughly $6.61 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated HUBG expiries trade a higher absolute premium for lower per-day decay. Position sizing on HUBG should anchor to the underlying notional of $37.33 per share and to the trader's directional view on HUBG stock.
HUBG iron condor setup
The HUBG 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 HUBG near $37.33, the first option leg uses a $39.20 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed HUBG chain at a 34-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 HUBG shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $39.20 | N/A |
| Buy 1 | Call | $41.06 | N/A |
| Sell 1 | Put | $35.46 | N/A |
| Buy 1 | Put | $33.60 | N/A |
HUBG 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.
HUBG iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on HUBG. 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 HUBG
Iron condors on HUBG are a delta-neutral premium-collection structure that profits if HUBG stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
HUBG thesis for this iron condor
The market-implied 1-standard-deviation range for HUBG extends from approximately $30.72 on the downside to $43.94 on the upside. A HUBG iron condor is a delta-neutral premium-collection structure that pays off when HUBG 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 HUBG IV rank near 32.65% is mid-range against its 1-year distribution, so the IV signal is neutral; the iron condor thesis on HUBG should anchor more to the directional view and the expected-move geometry. As a Industrials name, HUBG options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to HUBG-specific events.
HUBG 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. HUBG positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move HUBG alongside the broader basket even when HUBG-specific fundamentals are unchanged. Short-premium structures like a iron condor on HUBG carry tail risk when realized volatility exceeds the implied move; review historical HUBG earnings reactions and macro stress periods before sizing. Always rebuild the position from current HUBG chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on HUBG?
- A iron condor on HUBG is the iron condor strategy applied to HUBG (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 HUBG stock trading near $37.33, the strikes shown on this page are snapped to the nearest listed HUBG chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are HUBG 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 HUBG iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 61.80%), 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 HUBG iron condor?
- The breakeven for the HUBG 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 HUBG market-implied 1-standard-deviation expected move is approximately 17.72%; 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 HUBG?
- Iron condors on HUBG are a delta-neutral premium-collection structure that profits if HUBG stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current HUBG implied volatility affect this iron condor?
- HUBG ATM IV is at 61.80% with IV rank near 32.65%, 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.