INTR Iron Condor Strategy
INTR (Inter & Co, Inc.), in the Financial Services sector, (Banks - Regional industry), listed on NASDAQ.
Inter & Co, Inc., through its subsidiaries, engages in the banking, securities, insurance brokerage, marketplace, asset management, and services businesses. The company's Banking segment offers banking products and services, including checking accounts, cards, deposits, loans and advances, and other services. Its Securities segment provides services relating to the purchase, sale, and custody of securities; and portfolio management, as well as the establishment, organization, and management of investment funds. The company's Insurance Brokerage segment offers life, property, auto, financial, lost or stolen credit card, dental, warranties, travel, and credit protection insurance products. Its Marketplace segment operates a digital platform that offer goods and/or services to its customers. The company's Asset Management segment is involved in the operations related to the management of fund portfolios and other assets.
INTR (Inter & Co, Inc.) trades in the Financial Services sector, specifically Banks - Regional, with a market capitalization of approximately $2.71B, a trailing P/E of 9.57, a beta of 1.03 versus the broader market, a 52-week range of 5.915-10.36, average daily share volume of 3.6M, a public-listing history dating back to 2022, approximately 4K full-time employees. These structural characteristics shape how INTR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.03 places INTR roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. The trailing P/E of 9.57 is on the value side, where IV often compresses outside event windows because forward growth expectations are already discounted into the share price. INTR pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a iron condor on INTR?
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 INTR snapshot
As of May 15, 2026, spot at $5.88, ATM IV 43.60%, IV rank 6.31%, expected move 12.50%. The iron condor on INTR 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 INTR specifically: INTR IV at 43.60% is on the cheap side of its 1-year range, which means a premium-selling INTR iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 12.50% (roughly $0.73 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 INTR expiries trade a higher absolute premium for lower per-day decay. Position sizing on INTR should anchor to the underlying notional of $5.88 per share and to the trader's directional view on INTR stock.
INTR iron condor setup
The INTR 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 INTR near $5.88, the first option leg uses a $6.17 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed INTR 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 INTR shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $6.17 | N/A |
| Buy 1 | Call | $6.47 | N/A |
| Sell 1 | Put | $5.59 | N/A |
| Buy 1 | Put | $5.29 | N/A |
INTR 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.
INTR iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on INTR. 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 INTR
Iron condors on INTR are a delta-neutral premium-collection structure that profits if INTR stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
INTR thesis for this iron condor
The market-implied 1-standard-deviation range for INTR extends from approximately $5.15 on the downside to $6.61 on the upside. A INTR iron condor is a delta-neutral premium-collection structure that pays off when INTR 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 INTR IV rank near 6.31% 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 INTR at 43.60%. As a Financial Services name, INTR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to INTR-specific events.
INTR 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. INTR positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move INTR alongside the broader basket even when INTR-specific fundamentals are unchanged. Short-premium structures like a iron condor on INTR carry tail risk when realized volatility exceeds the implied move; review historical INTR earnings reactions and macro stress periods before sizing. Always rebuild the position from current INTR chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on INTR?
- A iron condor on INTR is the iron condor strategy applied to INTR (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 INTR stock trading near $5.88, the strikes shown on this page are snapped to the nearest listed INTR chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are INTR 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 INTR iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 43.60%), 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 INTR iron condor?
- The breakeven for the INTR 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 INTR market-implied 1-standard-deviation expected move is approximately 12.50%; 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 INTR?
- Iron condors on INTR are a delta-neutral premium-collection structure that profits if INTR stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current INTR implied volatility affect this iron condor?
- INTR ATM IV is at 43.60% with IV rank near 6.31%, 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.