INVZ Iron Condor Strategy
INVZ (Innoviz Technologies Ltd.), in the Consumer Cyclical sector, (Auto - Parts industry), listed on NASDAQ.
Innoviz Technologies Ltd., an Israeli company founded in 2016 and based in Rosh HaAyin, specializes in the development and production of cutting-edge solid-state LiDAR sensors, alongside innovative perception software. Their core mission is to accelerate the widespread commercialization of autonomous vehicles. The company's product portfolio includes InnovizOne, an automotive-grade, solid-state LiDAR sensor engineered for high-volume manufacturing. This sensor is specifically tailored for automakers, robotaxi fleets, shuttle services, and logistics companies, providing an essential component for achieving Level 3 through 5 autonomous capabilities while ensuring the safety of passengers and pedestrians. Innoviz also offers InnovizTwo, another automotive-grade LiDAR sensor designed to support all levels of autonomous driving, with the added flexibility of integrating perception software directly within the sensor. For versatile environmental sensing, Innoviz360 provides a 360-degree LiDAR solution applicable in both automotive and various non-automotive contexts.
INVZ (Innoviz Technologies Ltd.) trades in the Consumer Cyclical sector, specifically Auto - Parts, with a market capitalization of approximately $113.7M, a beta of 1.54 versus the broader market, a 52-week range of 0.35-2.54, average daily share volume of 3.3M, a public-listing history dating back to 2020, approximately 372 full-time employees. These structural characteristics shape how INVZ stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.54 indicates INVZ 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 INVZ?
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.
INVZ snapshot
As of August 14, 2026, spot at $0.37, ATM IV 22.80%, IV rank 0.30%, expected move 6.54%. The iron condor on INVZ below is built from the end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 35-day expiry.
Why this iron condor structure on INVZ specifically: INVZ IV at 22.80% is on the cheap side of its 1-year range, which means a premium-selling INVZ iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 6.54% (roughly $0.02 on the underlying). The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated INVZ expiries trade a higher absolute premium for lower per-day decay. Position sizing on INVZ should anchor to the underlying notional of $0.37 per share and to the trader's directional view on INVZ stock.
INVZ iron condor setup
The INVZ 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 INVZ at $0.37 on that close, the first option leg uses a $0.39 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed INVZ chain at a 35-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 INVZ shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $0.39 | N/A |
| Buy 1 | Call | $0.41 | N/A |
| Sell 1 | Put | $0.35 | N/A |
| Buy 1 | Put | $0.33 | N/A |
INVZ 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.
INVZ iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on INVZ. 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 INVZ
Iron condors on INVZ are a delta-neutral premium-collection structure that profits if INVZ stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
INVZ thesis for this iron condor
The market-implied 1-standard-deviation range for INVZ extends from approximately $0.35 on the downside to $0.39 on the upside. A INVZ iron condor is a delta-neutral premium-collection structure that pays off when INVZ 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 INVZ IV rank near 0.30% 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 INVZ at 22.80%. As a Consumer Cyclical name, INVZ options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to INVZ-specific events.
INVZ 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. INVZ positions also carry Consumer Cyclical sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move INVZ alongside the broader basket even when INVZ-specific fundamentals are unchanged. Short-premium structures like a iron condor on INVZ carry tail risk when realized volatility exceeds the implied move; review historical INVZ earnings reactions and macro stress periods before sizing. Always rebuild the position from current INVZ chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on INVZ?
- A iron condor on INVZ is the iron condor strategy applied to INVZ (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 INVZ stock at $0.37 on the most recent close, the strikes shown on this page are snapped to the nearest listed INVZ chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are INVZ 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 INVZ iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 22.80%), 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 INVZ iron condor?
- The breakeven for the INVZ iron condor priced on this page is no defined breakeven on the modeled curve at expiration, derived from the end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The INVZ market-implied 1-standard-deviation expected move in the same options snapshot is approximately 6.54%; 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 INVZ?
- Iron condors on INVZ are a delta-neutral premium-collection structure that profits if INVZ stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current INVZ implied volatility affect this iron condor?
- INVZ ATM IV is at 22.80% with IV rank near 0.30%, 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.