KTCC Iron Condor Strategy
KTCC (Key Tronic Corporation), in the Technology sector, (Computer Hardware industry), listed on NASDAQ.
Key Tronic Corporation (KTCC) operates as a contract manufacturer, offering comprehensive services to original equipment manufacturers (OEMs) both within the United States and globally. The company provides an integrated suite of offerings, which includes electronic and mechanical engineering, all aspects of assembly, strategic sourcing and procurement, efficient logistics management, and thorough new product testing. Their extensive manufacturing capabilities cover a wide array of processes such as product design and conceptualization; advanced printed circuit board assembly, incorporating both surface mount (SMT) and pin-through-hole technologies; specialized tool fabrication; precision plastic and liquid injection molding; detailed sheet metal work and painting; intricate assembly; automated tape winding; and prototype development, ultimately leading to complete product assembly services. Beyond these contract services, Key Tronic also designs, produces, and markets its own line of input devices, including keyboards. The company engages with its customer base primarily through its dedicated field sales force and a network of distributors. Established in 1969, Key Tronic Corporation is headquartered in Spokane Valley, Washington.
KTCC (Key Tronic Corporation) trades in the Technology sector, specifically Computer Hardware, with a market capitalization of approximately $44.8M, a beta of 1.22 versus the broader market, a 52-week range of 2.4-4.2, average daily share volume of 19K, a public-listing history dating back to 1983, approximately 4K full-time employees. These structural characteristics shape how KTCC stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.22 places KTCC 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 KTCC?
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 KTCC snapshot
As of June 30, 2026, spot at $4.18, ATM IV 114.70%, IV rank 31.49%, expected move 32.88%. The iron condor on KTCC 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 17-day expiry.
Why this iron condor structure on KTCC specifically: KTCC IV at 114.70% is mid-range versus its 1-year history, so the credit collected on a KTCC iron condor sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 32.88% (roughly $1.37 on the underlying). The 17-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated KTCC expiries trade a higher absolute premium for lower per-day decay. Position sizing on KTCC should anchor to the underlying notional of $4.18 per share and to the trader's directional view on KTCC stock.
KTCC iron condor setup
The KTCC 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 KTCC near $4.18, the first option leg uses a $4.39 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed KTCC chain at a 17-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 KTCC shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $4.39 | N/A |
| Buy 1 | Call | $4.60 | N/A |
| Sell 1 | Put | $3.97 | N/A |
| Buy 1 | Put | $3.76 | N/A |
KTCC 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.
KTCC iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on KTCC. 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 KTCC
Iron condors on KTCC are a delta-neutral premium-collection structure that profits if KTCC stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
KTCC thesis for this iron condor
The market-implied 1-standard-deviation range for KTCC extends from approximately $2.81 on the downside to $5.55 on the upside. A KTCC iron condor is a delta-neutral premium-collection structure that pays off when KTCC 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 KTCC IV rank near 31.49% is mid-range against its 1-year distribution, so the IV signal is neutral; the iron condor thesis on KTCC should anchor more to the directional view and the expected-move geometry. As a Technology name, KTCC options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to KTCC-specific events.
KTCC 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. KTCC positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move KTCC alongside the broader basket even when KTCC-specific fundamentals are unchanged. Short-premium structures like a iron condor on KTCC carry tail risk when realized volatility exceeds the implied move; review historical KTCC earnings reactions and macro stress periods before sizing. Always rebuild the position from current KTCC chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on KTCC?
- A iron condor on KTCC is the iron condor strategy applied to KTCC (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 KTCC stock trading near $4.18, the strikes shown on this page are snapped to the nearest listed KTCC chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are KTCC 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 KTCC iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 114.70%), 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 KTCC iron condor?
- The breakeven for the KTCC 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 KTCC market-implied 1-standard-deviation expected move is approximately 32.88%; 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 KTCC?
- Iron condors on KTCC are a delta-neutral premium-collection structure that profits if KTCC stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current KTCC implied volatility affect this iron condor?
- KTCC ATM IV is at 114.70% with IV rank near 31.49%, 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.