KEEL Iron Condor Strategy
KEEL (Keel Infrastructure Corp.), in the Technology sector, (Information Technology Services industry), listed on NASDAQ.
Keel Infrastructure Corp. operates as a digital infrastructure and energy company that develops and owns data centers and energy infrastructure for computing workloads, including AI in North America. The company was founded in 2017 and is headquartered in New York, New York.
KEEL (Keel Infrastructure Corp.) trades in the Technology sector, specifically Information Technology Services, with a market capitalization of approximately $2.51B, a beta of 3.90 versus the broader market, a 52-week range of 2-4.5, average daily share volume of 45.9M, a public-listing history dating back to 2019, approximately 170 full-time employees. These structural characteristics shape how KEEL stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 3.90 indicates KEEL 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 KEEL?
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 KEEL snapshot
As of May 13, 2026, spot at $4.13, ATM IV 122.70%, expected move 35.18%. The iron condor on KEEL 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 36-day expiry.
Why this iron condor structure on KEEL specifically: IV rank is unavailable in the current snapshot, so regime-based timing for KEEL is inferred from ATM IV at 122.70% alone, with a market-implied 1-standard-deviation move of approximately 35.18% (roughly $1.45 on the underlying). The 36-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated KEEL expiries trade a higher absolute premium for lower per-day decay. Position sizing on KEEL should anchor to the underlying notional of $4.13 per share and to the trader's directional view on KEEL stock.
KEEL iron condor setup
The KEEL 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 KEEL near $4.13, the first option leg uses a $4.34 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed KEEL chain at a 36-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 KEEL shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $4.34 | N/A |
| Buy 1 | Call | $4.54 | N/A |
| Sell 1 | Put | $3.92 | N/A |
| Buy 1 | Put | $3.72 | N/A |
KEEL 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.
KEEL iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on KEEL. 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 KEEL
Iron condors on KEEL are a delta-neutral premium-collection structure that profits if KEEL stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
KEEL thesis for this iron condor
The market-implied 1-standard-deviation range for KEEL extends from approximately $2.68 on the downside to $5.58 on the upside. A KEEL iron condor is a delta-neutral premium-collection structure that pays off when KEEL 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. As a Technology name, KEEL options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to KEEL-specific events.
KEEL 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. KEEL positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move KEEL alongside the broader basket even when KEEL-specific fundamentals are unchanged. Short-premium structures like a iron condor on KEEL carry tail risk when realized volatility exceeds the implied move; review historical KEEL earnings reactions and macro stress periods before sizing. Always rebuild the position from current KEEL chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on KEEL?
- A iron condor on KEEL is the iron condor strategy applied to KEEL (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 KEEL stock trading near $4.13, the strikes shown on this page are snapped to the nearest listed KEEL chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are KEEL 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 KEEL iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 122.70%), 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 KEEL iron condor?
- The breakeven for the KEEL 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 KEEL market-implied 1-standard-deviation expected move is approximately 35.18%; 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 KEEL?
- Iron condors on KEEL are a delta-neutral premium-collection structure that profits if KEEL stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current KEEL implied volatility affect this iron condor?
- Current KEEL ATM IV is 122.70%; IV rank context is unavailable in the current snapshot.