How are LNN 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 LNN iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 51.10%), the computed maximum profit is $342.50 per contract and the computed maximum loss is -$657.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a LNN iron condor?

The breakeven for the LNN iron condor priced on this page is roughly $116.58 and $133.43 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 LNN market-implied 1-standard-deviation expected move is approximately 14.65%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current LNN implied volatility affect this iron condor?

LNN ATM IV is at 51.10% with IV rank near 9.70%, 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.

LNN Iron Condor Strategy

LNN (Lindsay Corporation), in the Industrials sector, (Agricultural - Machinery industry), listed on NYSE.

Lindsay Corporation is an international enterprise specializing in comprehensive solutions for water management and road infrastructure. The company's operations are structured into two main divisions. The Irrigation segment develops and distributes a wide array of irrigation technologies. This encompasses center pivot and lateral move irrigation systems under the Zimmatic brand, Perrot and Greenfield hose reel travelers, and the GrowSmart line of chemical injection systems, variable rate irrigation tools, flow meters, weather stations, soil moisture sensors, and advanced remote monitoring and control systems. This division also provides essential repair and replacement parts, along with sophisticated technological solutions including global positioning system guidance, wireless irrigation management, scheduling applications, and smartphone integration. Furthermore, it offers industrial Internet of Things (IoT) technology solutions, data acquisition and management systems, and bespoke electronic equipment for various applications, all under the Elecsys brand.

LNN (Lindsay Corporation) trades in the Industrials sector, specifically Agricultural - Machinery, with a market capitalization of approximately $1.31B, a trailing P/E of 22.39, a beta of 0.71 versus the broader market, a 52-week range of 97.27-149.56, average daily share volume of 195K, a public-listing history dating back to 1988, approximately 1K full-time employees. These structural characteristics shape how LNN stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.71 places LNN roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. LNN pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a iron condor on LNN?

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 LNN snapshot

As of June 29, 2026, spot at $124.31, ATM IV 51.10%, IV rank 9.70%, expected move 14.65%. The iron condor on LNN 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 LNN specifically: LNN IV at 51.10% is on the cheap side of its 1-year range, which means a premium-selling LNN iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 14.65% (roughly $18.21 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 LNN expiries trade a higher absolute premium for lower per-day decay. Position sizing on LNN should anchor to the underlying notional of $124.31 per share and to the trader's directional view on LNN stock.

LNN iron condor setup

The LNN 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 LNN near $124.31, the first option leg uses a $130.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed LNN 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 LNN shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Call	$130.00	$3.38
Buy 1	Call	$135.00	$2.23
Sell 1	Put	$120.00	$3.50
Buy 1	Put	$110.00	$1.23

LNN iron condor risk and reward

Net Premium / Debit: +$342.50
Max Profit (per contract): $342.50
Max Loss (per contract): -$657.50
Breakeven(s): $116.58, $133.43
Risk / Reward Ratio: 0.521

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.

LNN iron condor payoff curve

Modeled P&L at expiration across a range of underlying prices for the iron condor on LNN. 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%	-$657.50
$27.49	-77.9%	-$657.50
$54.98	-55.8%	-$657.50
$82.46	-33.7%	-$657.50
$109.95	-11.6%	-$657.50
$137.43	+10.6%	-$157.50
$164.92	+32.7%	-$157.50
$192.40	+54.8%	-$157.50
$219.89	+76.9%	-$157.50
$247.37	+99.0%	-$157.50

When traders use iron condor on LNN

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

LNN thesis for this iron condor

The market-implied 1-standard-deviation range for LNN extends from approximately $106.10 on the downside to $142.52 on the upside. A LNN iron condor is a delta-neutral premium-collection structure that pays off when LNN 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 LNN IV rank near 9.70% 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 LNN at 51.10%. As a Industrials name, LNN options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to LNN-specific events.

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

Frequently asked questions

What is a iron condor on LNN?: A iron condor on LNN is the iron condor strategy applied to LNN (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 LNN stock trading near $124.31, the strikes shown on this page are snapped to the nearest listed LNN chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are LNN 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 LNN iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 51.10%), the computed maximum profit is $342.50 per contract and the computed maximum loss is -$657.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a LNN iron condor?: The breakeven for the LNN iron condor priced on this page is roughly $116.58 and $133.43 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 LNN market-implied 1-standard-deviation expected move is approximately 14.65%; 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 LNN?: Iron condors on LNN are a delta-neutral premium-collection structure that profits if LNN stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
How does current LNN implied volatility affect this iron condor?: LNN ATM IV is at 51.10% with IV rank near 9.70%, 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.