MDB Iron Condor Strategy
MDB (MongoDB, Inc.), in the Technology sector, (Software - Infrastructure industry), listed on NASDAQ.
MongoDB, Inc. serves as a global provider of a versatile database platform. The company's offerings feature MongoDB Enterprise Advanced, a sophisticated commercial database server designed for corporate clients, which can be deployed in cloud, on-premises, or hybrid environments. It also presents MongoDB Atlas, a fully managed, multi-cloud database-as-a-service (DBaaS) solution. For developers seeking to start with MongoDB, the company offers a free, downloadable Community Server that includes fundamental database functionalities. Beyond its core database products, MongoDB, Inc. provides professional services such as consulting and training. Founded in 2007 and based in New York, New York, the company was formerly known as 10gen, Inc. before adopting the name MongoDB, Inc. in August 2013.
MDB (MongoDB, Inc.) trades in the Technology sector, specifically Software - Infrastructure, with a market capitalization of approximately $25.26B, a beta of 1.55 versus the broader market, a 52-week range of 198.47-444.72, average daily share volume of 2.1M, a public-listing history dating back to 2017, approximately 6K full-time employees. These structural characteristics shape how MDB stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.55 indicates MDB 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 MDB?
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 MDB snapshot
As of June 30, 2026, spot at $333.31, ATM IV 65.44%, IV rank 48.66%, expected move 18.76%. The iron condor on MDB 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 31-day expiry.
Why this iron condor structure on MDB specifically: MDB IV at 65.44% is mid-range versus its 1-year history, so the credit collected on a MDB iron condor sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 18.76% (roughly $62.54 on the underlying). The 31-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated MDB expiries trade a higher absolute premium for lower per-day decay. Position sizing on MDB should anchor to the underlying notional of $333.31 per share and to the trader's directional view on MDB stock.
MDB iron condor setup
The MDB 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 MDB near $333.31, the first option leg uses a $350.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed MDB chain at a 31-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 MDB shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $350.00 | $19.23 |
| Buy 1 | Call | $365.00 | $13.10 |
| Sell 1 | Put | $315.00 | $15.35 |
| Buy 1 | Put | $300.00 | $11.73 |
MDB iron condor risk and reward
- Net Premium / Debit
- +$975.00
- Max Profit (per contract)
- $975.00
- Max Loss (per contract)
- -$525.00
- Breakeven(s)
- $305.25, $359.75
- Risk / Reward Ratio
- 1.857
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.
MDB iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on MDB. 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.
| Underlying Price | % From Spot | P&L at Expiration |
|---|---|---|
| $0.01 | -100.0% | -$525.00 |
| $73.71 | -77.9% | -$525.00 |
| $147.40 | -55.8% | -$525.00 |
| $221.10 | -33.7% | -$525.00 |
| $294.79 | -11.6% | -$525.00 |
| $368.49 | +10.6% | -$525.00 |
| $442.18 | +32.7% | -$525.00 |
| $515.88 | +54.8% | -$525.00 |
| $589.57 | +76.9% | -$525.00 |
| $663.27 | +99.0% | -$525.00 |
When traders use iron condor on MDB
Iron condors on MDB are a delta-neutral premium-collection structure that profits if MDB stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
MDB thesis for this iron condor
The market-implied 1-standard-deviation range for MDB extends from approximately $270.77 on the downside to $395.85 on the upside. A MDB iron condor is a delta-neutral premium-collection structure that pays off when MDB 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 MDB IV rank near 48.66% is mid-range against its 1-year distribution, so the IV signal is neutral; the iron condor thesis on MDB should anchor more to the directional view and the expected-move geometry. As a Technology name, MDB options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to MDB-specific events.
MDB 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. MDB positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move MDB alongside the broader basket even when MDB-specific fundamentals are unchanged. Short-premium structures like a iron condor on MDB carry tail risk when realized volatility exceeds the implied move; review historical MDB earnings reactions and macro stress periods before sizing. Always rebuild the position from current MDB chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on MDB?
- A iron condor on MDB is the iron condor strategy applied to MDB (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 MDB stock trading near $333.31, the strikes shown on this page are snapped to the nearest listed MDB chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are MDB 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 MDB iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 65.44%), the computed maximum profit is $975.00 per contract and the computed maximum loss is -$525.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a MDB iron condor?
- The breakeven for the MDB iron condor priced on this page is roughly $305.25 and $359.75 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 MDB market-implied 1-standard-deviation expected move is approximately 18.76%; 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 MDB?
- Iron condors on MDB are a delta-neutral premium-collection structure that profits if MDB stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current MDB implied volatility affect this iron condor?
- MDB ATM IV is at 65.44% with IV rank near 48.66%, 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.