MC Iron Condor Strategy
MC (Moelis & Company), in the Financial Services sector, (Financial - Capital Markets industry), listed on NYSE.
Moelis & Company operates as a dedicated investment banking advisory firm, offering expert counsel on a wide range of corporate finance matters. Its core services include strategic guidance for mergers and acquisitions (M&A), corporate recapitalizations and restructurings, and capital market transactions. The firm serves a diverse global client base, which encompasses large public multinational corporations, private middle-market businesses, financial sponsors, entrepreneurs, governmental organizations, and sovereign wealth funds. With operations spanning North and South America, Europe, the Middle East, Asia, and Australia, Moelis & Company also leverages strategic alliances, specifically with Alfaro, Dávila y Scherer, S.C. in Mexico and MA Moelis Australia. Founded in 2007, the company's headquarters are situated in New York, New York.
MC (Moelis & Company) trades in the Financial Services sector, specifically Financial - Capital Markets, with a market capitalization of approximately $4.91B, a trailing P/E of 21.93, a beta of 1.84 versus the broader market, a 52-week range of 51.06-78.216, average daily share volume of 1.0M, a public-listing history dating back to 2014, approximately 1K full-time employees. These structural characteristics shape how MC stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.84 indicates MC has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. MC pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a iron condor on MC?
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.
MC snapshot
As of August 14, 2026, spot at $68.51, ATM IV 38.30%, IV rank 3.64%, expected move 10.98%. The iron condor on MC 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 MC specifically: MC IV at 38.30% is on the cheap side of its 1-year range, which means a premium-selling MC iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 10.98% (roughly $7.52 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 MC expiries trade a higher absolute premium for lower per-day decay. Position sizing on MC should anchor to the underlying notional of $68.51 per share and to the trader's directional view on MC stock.
MC iron condor setup
The MC 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 MC at $68.51 on that close, the first option leg uses a $71.94 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed MC 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 MC shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $71.94 | N/A |
| Buy 1 | Call | $75.36 | N/A |
| Sell 1 | Put | $65.08 | N/A |
| Buy 1 | Put | $61.66 | N/A |
MC 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.
MC iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on MC. 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 MC
Iron condors on MC are a delta-neutral premium-collection structure that profits if MC stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
MC thesis for this iron condor
The market-implied 1-standard-deviation range for MC extends from approximately $60.99 on the downside to $76.03 on the upside. A MC iron condor is a delta-neutral premium-collection structure that pays off when MC 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 MC IV rank near 3.64% 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 MC at 38.30%. As a Financial Services name, MC options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to MC-specific events.
MC 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. MC positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move MC alongside the broader basket even when MC-specific fundamentals are unchanged. Short-premium structures like a iron condor on MC carry tail risk when realized volatility exceeds the implied move; review historical MC earnings reactions and macro stress periods before sizing. Always rebuild the position from current MC chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on MC?
- A iron condor on MC is the iron condor strategy applied to MC (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 MC stock at $68.51 on the most recent close, the strikes shown on this page are snapped to the nearest listed MC chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are MC 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 MC iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 38.30%), 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 MC iron condor?
- The breakeven for the MC 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 MC market-implied 1-standard-deviation expected move in the same options snapshot is approximately 10.98%; 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 MC?
- Iron condors on MC are a delta-neutral premium-collection structure that profits if MC stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current MC implied volatility affect this iron condor?
- MC ATM IV is at 38.30% with IV rank near 3.64%, 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.