How are IRTC 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 IRTC iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 52.10%), the computed maximum profit is $422.50 per contract and the computed maximum loss is -$577.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a IRTC iron condor?

The breakeven for the IRTC iron condor priced on this page is roughly $110.78 and $129.23 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 IRTC market-implied 1-standard-deviation expected move is approximately 14.94%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current IRTC implied volatility affect this iron condor?

IRTC ATM IV is at 52.10% with IV rank near 44.63%, 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.

IRTC Iron Condor Strategy

IRTC (iRhythm Technologies, Inc.), in the Healthcare sector, (Medical - Devices industry), listed on NASDAQ.

iRhythm Technologies, Inc. is a digital healthcare enterprise dedicated to offering portable electrocardiogram (ECG) monitoring solutions to individuals in the United States who face the risk of cardiac arrhythmias. Its primary offering, the Zio service, provides a comprehensive ambulatory cardiac monitoring system. This system ingeniously combines a wireless, patch-based, and wearable biosensor—specifically embodied in products like the Zio XT and AT monitors—with a sophisticated cloud-based data analysis platform. These single-use biosensors precisely record a patient's heartbeats and ECG data, thereby enabling medical professionals to effectively oversee patient heart health and accurately diagnose arrhythmias. Furthermore, iRhythm maintains a strategic development partnership with Verily Life Sciences LLC, focused on pioneering future atrial fibrillation screening, detection, and monitoring innovations. Founded in 2006, the company maintains its corporate headquarters in San Francisco, California.

IRTC (iRhythm Technologies, Inc.) trades in the Healthcare sector, specifically Medical - Devices, with a market capitalization of approximately $3.91B, a beta of 1.28 versus the broader market, a 52-week range of 100.846-212, average daily share volume of 534K, a public-listing history dating back to 2016, approximately 2K full-time employees. These structural characteristics shape how IRTC stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.28 places IRTC 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 IRTC?

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 IRTC snapshot

As of June 29, 2026, spot at $119.04, ATM IV 52.10%, IV rank 44.63%, expected move 14.94%. The iron condor on IRTC 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 18-day expiry.

Why this iron condor structure on IRTC specifically: IRTC IV at 52.10% is mid-range versus its 1-year history, so the credit collected on a IRTC iron condor sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 14.94% (roughly $17.78 on the underlying). The 18-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated IRTC expiries trade a higher absolute premium for lower per-day decay. Position sizing on IRTC should anchor to the underlying notional of $119.04 per share and to the trader's directional view on IRTC stock.

IRTC iron condor setup

The IRTC 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 IRTC near $119.04, the first option leg uses a $125.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed IRTC chain at a 18-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 IRTC shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Call	$125.00	$3.33
Buy 1	Call	$130.00	$1.83
Sell 1	Put	$115.00	$3.63
Buy 1	Put	$105.00	$0.90

IRTC iron condor risk and reward

Net Premium / Debit: +$422.50
Max Profit (per contract): $422.50
Max Loss (per contract): -$577.50
Breakeven(s): $110.78, $129.23
Risk / Reward Ratio: 0.732

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.

IRTC iron condor payoff curve

Modeled P&L at expiration across a range of underlying prices for the iron condor on IRTC. 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.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	-$577.50
$26.33	-77.9%	-$577.50
$52.65	-55.8%	-$577.50
$78.97	-33.7%	-$577.50
$105.29	-11.6%	-$548.78
$131.61	+10.6%	-$77.50
$157.93	+32.7%	-$77.50
$184.25	+54.8%	-$77.50
$210.56	+76.9%	-$77.50
$236.88	+99.0%	-$77.50

When traders use iron condor on IRTC

Iron condors on IRTC are a delta-neutral premium-collection structure that profits if IRTC stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.

IRTC thesis for this iron condor

The market-implied 1-standard-deviation range for IRTC extends from approximately $101.26 on the downside to $136.82 on the upside. A IRTC iron condor is a delta-neutral premium-collection structure that pays off when IRTC 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 IRTC IV rank near 44.63% is mid-range against its 1-year distribution, so the IV signal is neutral; the iron condor thesis on IRTC should anchor more to the directional view and the expected-move geometry. As a Healthcare name, IRTC options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to IRTC-specific events.

IRTC 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. IRTC positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move IRTC alongside the broader basket even when IRTC-specific fundamentals are unchanged. Short-premium structures like a iron condor on IRTC carry tail risk when realized volatility exceeds the implied move; review historical IRTC earnings reactions and macro stress periods before sizing. Always rebuild the position from current IRTC chain quotes before placing a trade.

Frequently asked questions

What is a iron condor on IRTC?: A iron condor on IRTC is the iron condor strategy applied to IRTC (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 IRTC stock trading near $119.04, the strikes shown on this page are snapped to the nearest listed IRTC chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are IRTC 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 IRTC iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 52.10%), the computed maximum profit is $422.50 per contract and the computed maximum loss is -$577.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a IRTC iron condor?: The breakeven for the IRTC iron condor priced on this page is roughly $110.78 and $129.23 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 IRTC market-implied 1-standard-deviation expected move is approximately 14.94%; 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 IRTC?: Iron condors on IRTC are a delta-neutral premium-collection structure that profits if IRTC stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
How does current IRTC implied volatility affect this iron condor?: IRTC ATM IV is at 52.10% with IV rank near 44.63%, 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.