How are ICFI straddle max profit and max loss calculated?

Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit. For the ICFI straddle priced from the end-of-day chain at a 30-day expiry (ATM IV 52.10%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$1,146.07 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a ICFI straddle?

The breakeven for the ICFI straddle priced on this page is roughly $63.50 and $86.50 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 ICFI market-implied 1-standard-deviation expected move is approximately 14.94%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current ICFI implied volatility affect this straddle?

ICFI ATM IV is at 52.10% with IV rank near 6.98%, 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.

ICFI Straddle Strategy

ICFI (ICF International, Inc.), in the Industrials sector, (Consulting Services industry), listed on NASDAQ.

ICF International, Inc. is a prominent global consultancy offering a wide array of management, marketing, technology, and policy advisory and implementation services to both government and commercial entities worldwide. The firm specializes in in-depth research into pivotal policy, industry, and stakeholder matters, alongside analyzing trends and behaviors, subsequently assessing and quantifying the impact of these initiatives. ICF provides strategic guidance to clients, helping them adeptly navigate an array of societal, market, business, communication, and technological obstacles. Their comprehensive services encompass the development and deployment of policies, programs, and business instruments utilizing both standard and bespoke methodologies. This includes conducting extensive survey research, collecting and analyzing diverse datasets to illuminate key issues, and furnishing clients with actionable business intelligence and streamlined data management solutions for integrated usage. Additionally, ICF focuses on optimizing customer and citizen interactions, modernizing information technology systems, and providing formidable cybersecurity measures to safeguard IT infrastructure against evolving threats.

ICFI (ICF International, Inc.) trades in the Industrials sector, specifically Consulting Services, with a market capitalization of approximately $1.29B, a trailing P/E of 15.30, a beta of 0.54 versus the broader market, a 52-week range of 58.83-101.71, average daily share volume of 370K, a public-listing history dating back to 2006, approximately 9K full-time employees. These structural characteristics shape how ICFI stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.54 indicates ICFI has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. ICFI pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a straddle on ICFI?

A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration.

Current ICFI snapshot

As of June 30, 2026, spot at $73.92, ATM IV 52.10%, IV rank 6.98%, expected move 14.94%. The straddle on ICFI 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 80-day expiry.

Why this straddle structure on ICFI specifically: ICFI IV at 52.10% is on the cheap side of its 1-year range, which favors premium-buying structures like a ICFI straddle, with a market-implied 1-standard-deviation move of approximately 14.94% (roughly $11.04 on the underlying). The 80-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated ICFI expiries trade a higher absolute premium for lower per-day decay. Position sizing on ICFI should anchor to the underlying notional of $73.92 per share and to the trader's directional view on ICFI stock.

ICFI straddle setup

The ICFI straddle below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With ICFI near $73.92, the first option leg uses a $75.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ICFI chain at a 80-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 ICFI shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Call	$75.00	$5.45
Buy 1	Put	$75.00	$6.05

ICFI straddle risk and reward

Net Premium / Debit: -$1,150.00
Max Profit (per contract): Unbounded
Max Loss (per contract): -$1,146.07
Breakeven(s): $63.50, $86.50
Risk / Reward Ratio: Unbounded

Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit.

ICFI straddle payoff curve

Modeled P&L at expiration across a range of underlying prices for the straddle on ICFI. 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.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	+$6,349.00
$16.35	-77.9%	+$4,714.70
$32.70	-55.8%	+$3,080.40
$49.04	-33.7%	+$1,446.10
$65.38	-11.6%	-$188.21
$81.73	+10.6%	-$477.49
$98.07	+32.7%	+$1,156.81
$114.41	+54.8%	+$2,791.11
$130.75	+76.9%	+$4,425.41
$147.10	+99.0%	+$6,059.71

When traders use straddle on ICFI

Straddles on ICFI are pure-volatility plays that profit from large moves in either direction; traders typically buy ICFI straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.

ICFI thesis for this straddle

The market-implied 1-standard-deviation range for ICFI extends from approximately $62.88 on the downside to $84.96 on the upside. A ICFI long straddle is a pure-volatility play: it profits when the underlying moves far enough from the strike in either direction to overcome the combined call plus put debit, regardless of direction. Current ICFI IV rank near 6.98% 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 ICFI at 52.10%. As a Industrials name, ICFI options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ICFI-specific events.

ICFI straddle positions are structurally neutral / high-volatility (long premium); 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. ICFI positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move ICFI alongside the broader basket even when ICFI-specific fundamentals are unchanged. Always rebuild the position from current ICFI chain quotes before placing a trade.

Frequently asked questions

What is a straddle on ICFI?: A straddle on ICFI is the straddle strategy applied to ICFI (stock). The strategy is structurally neutral / high-volatility (long premium): A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration. With ICFI stock trading near $73.92, the strikes shown on this page are snapped to the nearest listed ICFI chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are ICFI straddle max profit and max loss calculated?: Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit. For the ICFI straddle priced from the end-of-day chain at a 30-day expiry (ATM IV 52.10%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$1,146.07 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a ICFI straddle?: The breakeven for the ICFI straddle priced on this page is roughly $63.50 and $86.50 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 ICFI market-implied 1-standard-deviation expected move is approximately 14.94%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a straddle on ICFI?: Straddles on ICFI are pure-volatility plays that profit from large moves in either direction; traders typically buy ICFI straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.
How does current ICFI implied volatility affect this straddle?: ICFI ATM IV is at 52.10% with IV rank near 6.98%, 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.