INGM Iron Condor Strategy
INGM (Ingram Micro Holding Corporation), in the Technology sector, (Information Technology Services industry), listed on NYSE.
Ingram Micro Holding Corporation, through its subsidiaries, engages in the provision of technology services and solutions to vendor, reseller, and retailer partners in North America, Europe, the Middle East, Africa, the Asia-Pacific, Latin America, and internationally. The company provides Ingram Micro Cloud Marketplace service portfolio that consists of third-party cloud-based services or subscription offerings through its Ingram Micro Xvantage platform, as well as offers training, ITAD, reverse logistics, repair and other related solutions, and financial solutions. It also provides client and endpoint solutions, including desktop personal computers, notebooks, tablets, printers, application software, peripherals, accessories, and Ingram Micro branded solutions, as well as components comprising hard drives, motherboards, video cards, etc. for corporate and individual end users. In addition, the company offers enterprise grade hardware and software products, such as servers, storage, networking, infrastructure hardware and software, and hybrid and software-defined solutions, as well as cybersecurity, power and cooling, and virtualization solutions; and DC/POS, physical security, audio visual and digital signage, UCC and telephony, smart office/home automation, and artificial intelligence products. Further, it provides third-party cloud-based services and subscriptions, including business applications, security, communications and collaboration, cloud enablement solutions, and infrastructure-as-a-service solutions; and operates CloudBlue digital commerce platform that offers multi-channel and multi-tier catalog management, subscription management, billing, and orchestration solutions through a SaaS model. The company was founded in 1979 and is headquartered in Irvine, California.
INGM (Ingram Micro Holding Corporation) trades in the Technology sector, specifically Information Technology Services, with a market capitalization of approximately $5.98B, a trailing P/E of 16.87, a beta of 2.01 versus the broader market, a 52-week range of 18.09-31.38, average daily share volume of 1.5M, a public-listing history dating back to 2024, approximately 24K full-time employees. These structural characteristics shape how INGM stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 2.01 indicates INGM has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. INGM pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a iron condor on INGM?
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 INGM snapshot
As of May 15, 2026, spot at $25.30, ATM IV 61.10%, IV rank 17.49%, expected move 17.52%. The iron condor on INGM 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 INGM specifically: INGM IV at 61.10% is on the cheap side of its 1-year range, which means a premium-selling INGM iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 17.52% (roughly $4.43 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 INGM expiries trade a higher absolute premium for lower per-day decay. Position sizing on INGM should anchor to the underlying notional of $25.30 per share and to the trader's directional view on INGM stock.
INGM iron condor setup
The INGM 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 INGM near $25.30, the first option leg uses a $26.57 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed INGM 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 INGM shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $26.57 | N/A |
| Buy 1 | Call | $27.83 | N/A |
| Sell 1 | Put | $24.04 | N/A |
| Buy 1 | Put | $22.77 | N/A |
INGM 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.
INGM iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on INGM. 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 INGM
Iron condors on INGM are a delta-neutral premium-collection structure that profits if INGM stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
INGM thesis for this iron condor
The market-implied 1-standard-deviation range for INGM extends from approximately $20.87 on the downside to $29.73 on the upside. A INGM iron condor is a delta-neutral premium-collection structure that pays off when INGM 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 INGM IV rank near 17.49% 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 INGM at 61.10%. As a Technology name, INGM options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to INGM-specific events.
INGM 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. INGM positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move INGM alongside the broader basket even when INGM-specific fundamentals are unchanged. Short-premium structures like a iron condor on INGM carry tail risk when realized volatility exceeds the implied move; review historical INGM earnings reactions and macro stress periods before sizing. Always rebuild the position from current INGM chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on INGM?
- A iron condor on INGM is the iron condor strategy applied to INGM (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 INGM stock trading near $25.30, the strikes shown on this page are snapped to the nearest listed INGM chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are INGM 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 INGM iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 61.10%), 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 INGM iron condor?
- The breakeven for the INGM 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 INGM market-implied 1-standard-deviation expected move is approximately 17.52%; 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 INGM?
- Iron condors on INGM are a delta-neutral premium-collection structure that profits if INGM stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current INGM implied volatility affect this iron condor?
- INGM ATM IV is at 61.10% with IV rank near 17.49%, 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.