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 91.11%), the computed maximum profit is $1,132.50 per contract and the computed maximum loss is -$367.50 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 $283.68 and $341.33 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 26.12%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current MDB implied volatility affect this iron condor?

MDB ATM IV is at 91.11% with IV rank near 87.87%, which is elevated relative to its 1-year range. Premium-selling structures (covered call, cash-secured put, iron condor) generally look more attractive when IV rank is high; premium-buying structures (long call, long put, debit spreads) are more expensive in that regime.

MDB Iron Condor Strategy

MDB (MongoDB, Inc.), in the Technology sector, (Software - Infrastructure industry), listed on NASDAQ.

MongoDB, Inc. provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB. It also provides professional services comprising consulting and training. The company was formerly known as 10gen, Inc. and changed its name to MongoDB, Inc. in August 2013. MongoDB, Inc. was incorporated in 2007 and is headquartered in New York, New York.

MDB (MongoDB, Inc.) trades in the Technology sector, specifically Software - Infrastructure, with a market capitalization of approximately $24.35B, a beta of 1.49 versus the broader market, a 52-week range of 182.43-444.72, average daily share volume of 1.9M, 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 1.49 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 May 15, 2026, spot at $311.96, ATM IV 91.11%, IV rank 87.87%, expected move 26.12%. 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 28-day expiry.

Why this iron condor structure on MDB specifically: MDB IV at 91.11% is rich versus its 1-year range, which favors premium-selling structures like a MDB iron condor, with a market-implied 1-standard-deviation move of approximately 26.12% (roughly $81.48 on the underlying). The 28-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 $311.96 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 $311.96, the first option leg uses a $330.00 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 28-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	$330.00	$25.55
Buy 1	Call	$345.00	$20.28
Sell 1	Put	$295.00	$22.60
Buy 1	Put	$280.00	$16.55

MDB iron condor risk and reward

Net Premium / Debit: +$1,132.50
Max Profit (per contract): $1,132.50
Max Loss (per contract): -$367.50
Breakeven(s): $283.68, $341.33
Risk / Reward Ratio: 3.082

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%	-$367.50
$68.98	-77.9%	-$367.50
$137.96	-55.8%	-$367.50
$206.93	-33.7%	-$367.50
$275.91	-11.6%	-$367.50
$344.88	+10.6%	-$355.99
$413.86	+32.7%	-$367.50
$482.83	+54.8%	-$367.50
$551.81	+76.9%	-$367.50
$620.78	+99.0%	-$367.50

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 $230.48 on the downside to $393.44 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 87.87% sits in the upper third of its 1-year distribution, which historically reverts; this raises the bar for premium-buying structures and lowers it for premium-selling structures on MDB at 91.11%. 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 $311.96, 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 91.11%), the computed maximum profit is $1,132.50 per contract and the computed maximum loss is -$367.50 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 $283.68 and $341.33 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 26.12%; 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 91.11% with IV rank near 87.87%, which is elevated relative to its 1-year range. Premium-selling structures (covered call, cash-secured put, iron condor) generally look more attractive when IV rank is high; premium-buying structures (long call, long put, debit spreads) are more expensive in that regime.