INSG Iron Condor Strategy
INSG (Inseego Corp.), in the Technology sector, (Communication Equipment industry), listed on NASDAQ.
Inseego Corp. engages in the design and development of fixed and mobile wireless solutions, industrial Internet of Things (IIoT), and cloud solutions for large enterprise verticals, service providers, small and medium-sized businesses, governments, and consumers worldwide. The company provides wireless 4G and 5G hardware products, including private LTE/5G networks, First responders network authority/Firstnet, SD-WAN, telematics, remote monitoring and surveillance, and fixed wireless access and mobile broadband devices. Its products include 4G and 5G fixed wireless routers and gateways, mobile hotspots, and wireless gateways and routers for IIoT applications; and Gb speed 4G LTE hotspots and USB modems, integrated telematics, and mobile tracking hardware devices, which are supported by applications software and cloud services designed to enable customers to analyze data insights and configure/manage their hardware remotely. In addition, the company sells software-as-a-service (SaaS), software, and services solutions in various mobile and IIoT vertical markets comprising fleet management, vehicle telematics, stolen vehicle recovery, asset tracking, monitoring, business connectivity, and subscription management. Its SaaS delivery platforms include telematics, asset tracking, and management platforms which provide fleet, vehicle, aviation, asset, and other telematics applications; and Inseego Subscribe, a hosted SaaS platform that helps organizations in managing the selection, deployment, and spend of their customers wireless assets by helping them to save money on personnel and telecom expenses. Inseego Corp. was founded in 1996 and is based in San Diego, California.
INSG (Inseego Corp.) trades in the Technology sector, specifically Communication Equipment, with a market capitalization of approximately $245.1M, a beta of 1.76 versus the broader market, a 52-week range of 6.27-21.9, average daily share volume of 207K, a public-listing history dating back to 2000, approximately 218 full-time employees. These structural characteristics shape how INSG stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.76 indicates INSG has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position.
What is a iron condor on INSG?
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 INSG snapshot
As of May 15, 2026, spot at $13.68, ATM IV 77.60%, IV rank 25.12%, expected move 22.25%. The iron condor on INSG 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 INSG specifically: INSG IV at 77.60% is on the cheap side of its 1-year range, which means a premium-selling INSG iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 22.25% (roughly $3.04 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 INSG expiries trade a higher absolute premium for lower per-day decay. Position sizing on INSG should anchor to the underlying notional of $13.68 per share and to the trader's directional view on INSG stock.
INSG iron condor setup
The INSG 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 INSG near $13.68, 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 INSG 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 INSG shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $14.00 | $1.20 |
| Buy 1 | Call | $15.00 | $0.85 |
| Sell 1 | Put | $13.00 | $0.93 |
| Buy 1 | Put | $12.00 | $0.40 |
INSG iron condor risk and reward
- Net Premium / Debit
- +$87.50
- Max Profit (per contract)
- $87.50
- Max Loss (per contract)
- -$12.50
- Breakeven(s)
- $12.13, $14.88
- Risk / Reward Ratio
- 7.000
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.
INSG iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on INSG. 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% | -$12.50 |
| $3.03 | -77.8% | -$12.50 |
| $6.06 | -55.7% | -$12.50 |
| $9.08 | -33.6% | -$12.50 |
| $12.10 | -11.5% | -$2.05 |
| $15.13 | +10.6% | -$12.50 |
| $18.15 | +32.7% | -$12.50 |
| $21.18 | +54.8% | -$12.50 |
| $24.20 | +76.9% | -$12.50 |
| $27.22 | +99.0% | -$12.50 |
When traders use iron condor on INSG
Iron condors on INSG are a delta-neutral premium-collection structure that profits if INSG stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
INSG thesis for this iron condor
The market-implied 1-standard-deviation range for INSG extends from approximately $10.64 on the downside to $16.72 on the upside. A INSG iron condor is a delta-neutral premium-collection structure that pays off when INSG 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 INSG IV rank near 25.12% 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 INSG at 77.60%. As a Technology name, INSG options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to INSG-specific events.
INSG 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. INSG positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move INSG alongside the broader basket even when INSG-specific fundamentals are unchanged. Short-premium structures like a iron condor on INSG carry tail risk when realized volatility exceeds the implied move; review historical INSG earnings reactions and macro stress periods before sizing. Always rebuild the position from current INSG chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on INSG?
- A iron condor on INSG is the iron condor strategy applied to INSG (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 INSG stock trading near $13.68, the strikes shown on this page are snapped to the nearest listed INSG chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are INSG 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 INSG iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 77.60%), the computed maximum profit is $87.50 per contract and the computed maximum loss is -$12.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a INSG iron condor?
- The breakeven for the INSG iron condor priced on this page is roughly $12.13 and $14.88 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 INSG market-implied 1-standard-deviation expected move is approximately 22.25%; 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 INSG?
- Iron condors on INSG are a delta-neutral premium-collection structure that profits if INSG stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current INSG implied volatility affect this iron condor?
- INSG ATM IV is at 77.60% with IV rank near 25.12%, 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.