IE Iron Condor Strategy
IE (Ivanhoe Electric Inc.), in the Technology sector, (Software - Application industry), listed on AMEX.
Ivanhoe Electric Inc. operates as a mineral exploration and development company in the United States. It operates through Critical Metals, Technology, and Energy Storage. The company holds 84.6% interests in the Tintic copper-gold project covering an area of 65 square kilometers located in Utah. It also holds an option to acquire a 100% interest in the Santa Cruz copper project covering an area of 77.59 square kilometers located in Arizona; 75% interest in the Hog Heaven silver-gold-copper project covering an area of 24.2 square kilometers located in Montana; and 60% interest in the Ivory Coast project covering an area of 1,125 square kilometers located in the Ivory Coast. The company also provides data analytics, geophysical modelling, and artificial intelligence services for the mineral, oil and gas, and water exploration industries; and develops, manufactures, and installs vanadium flow batteries for grid-scale energy storage. Ivanhoe Electric Inc. was incorporated in 2020 and is based in Vancouver, Canada.
IE (Ivanhoe Electric Inc.) trades in the Technology sector, specifically Software - Application, with a market capitalization of approximately $2.36B, a beta of 1.16 versus the broader market, a 52-week range of 6.525-21.55, average daily share volume of 2.1M, a public-listing history dating back to 2022, approximately 240 full-time employees. These structural characteristics shape how IE stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.16 places IE roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.
What is a iron condor on IE?
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 IE snapshot
As of May 15, 2026, spot at $12.74, ATM IV 77.70%, IV rank 40.84%, expected move 22.28%. The iron condor on IE 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 IE specifically: IE IV at 77.70% is mid-range versus its 1-year history, so the credit collected on a IE iron condor sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 22.28% (roughly $2.84 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 IE expiries trade a higher absolute premium for lower per-day decay. Position sizing on IE should anchor to the underlying notional of $12.74 per share and to the trader's directional view on IE stock.
IE iron condor setup
The IE 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 IE near $12.74, the first option leg uses a $13.38 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed IE 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 IE shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $13.38 | N/A |
| Buy 1 | Call | $14.01 | N/A |
| Sell 1 | Put | $12.10 | N/A |
| Buy 1 | Put | $11.47 | N/A |
IE 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.
IE iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on IE. 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 IE
Iron condors on IE are a delta-neutral premium-collection structure that profits if IE stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
IE thesis for this iron condor
The market-implied 1-standard-deviation range for IE extends from approximately $9.90 on the downside to $15.58 on the upside. A IE iron condor is a delta-neutral premium-collection structure that pays off when IE 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 IE IV rank near 40.84% is mid-range against its 1-year distribution, so the IV signal is neutral; the iron condor thesis on IE should anchor more to the directional view and the expected-move geometry. As a Technology name, IE options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to IE-specific events.
IE 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. IE positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move IE alongside the broader basket even when IE-specific fundamentals are unchanged. Short-premium structures like a iron condor on IE carry tail risk when realized volatility exceeds the implied move; review historical IE earnings reactions and macro stress periods before sizing. Always rebuild the position from current IE chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on IE?
- A iron condor on IE is the iron condor strategy applied to IE (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 IE stock trading near $12.74, the strikes shown on this page are snapped to the nearest listed IE chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are IE 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 IE iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 77.70%), 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 IE iron condor?
- The breakeven for the IE 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 IE market-implied 1-standard-deviation expected move is approximately 22.28%; 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 IE?
- Iron condors on IE are a delta-neutral premium-collection structure that profits if IE stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current IE implied volatility affect this iron condor?
- IE ATM IV is at 77.70% with IV rank near 40.84%, 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.