MDXG Iron Condor Strategy
MDXG (MiMedx Group, Inc.), in the Healthcare sector, (Biotechnology industry), listed on NASDAQ.
MiMedx Group, Inc. specializes in creating and supplying allografts derived from placental tissue, serving a diverse range of medical fields. The company employs its unique, patented PURION process to treat human placental tissues, a method crucial for manufacturing allografts that preserve the natural biological characteristics and essential regulatory proteins of the original tissue. This exclusive and patented processing technique incorporates both aseptic procedures and a final sterilization step, ensuring product safety and efficacy. Among its offerings is EpiFix, a semi-permeable membrane designed to act as a protective barrier, effectively treating persistent wounds such as diabetic foot ulcers, venous leg ulcers, and pressure sores. Another key product is AmnioFix, a protective, semi-permeable allograft made from dehydrated human amnion/chorion membrane, utilized to aid post-surgical recovery. EpiCord and AmnioCord, both derived from dehydrated human umbilical cord, function as allografts that foster a protective healing environment and are applied in both advanced wound care and surgical recovery contexts.
MDXG (MiMedx Group, Inc.) trades in the Healthcare sector, specifically Biotechnology, with a market capitalization of approximately $585.4M, a trailing P/E of 19.01, a beta of 1.46 versus the broader market, a 52-week range of 3.03-7.99, average daily share volume of 1.5M, a public-listing history dating back to 2008, approximately 837 full-time employees. These structural characteristics shape how MDXG stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.46 indicates MDXG 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 MDXG?
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 MDXG snapshot
As of June 29, 2026, spot at $3.91, ATM IV 25.10%, IV rank 1.37%, expected move 7.20%. The iron condor on MDXG 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 MDXG specifically: MDXG IV at 25.10% is on the cheap side of its 1-year range, which means a premium-selling MDXG iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 7.20% (roughly $0.28 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 MDXG expiries trade a higher absolute premium for lower per-day decay. Position sizing on MDXG should anchor to the underlying notional of $3.91 per share and to the trader's directional view on MDXG stock.
MDXG iron condor setup
The MDXG 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 MDXG near $3.91, the first option leg uses a $4.11 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed MDXG 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 MDXG shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $4.11 | N/A |
| Buy 1 | Call | $4.30 | N/A |
| Sell 1 | Put | $3.71 | N/A |
| Buy 1 | Put | $3.52 | N/A |
MDXG 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.
MDXG iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on MDXG. 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 MDXG
Iron condors on MDXG are a delta-neutral premium-collection structure that profits if MDXG stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
MDXG thesis for this iron condor
The market-implied 1-standard-deviation range for MDXG extends from approximately $3.63 on the downside to $4.19 on the upside. A MDXG iron condor is a delta-neutral premium-collection structure that pays off when MDXG 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 MDXG IV rank near 1.37% 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 MDXG at 25.10%. As a Healthcare name, MDXG options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to MDXG-specific events.
MDXG 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. MDXG positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move MDXG alongside the broader basket even when MDXG-specific fundamentals are unchanged. Short-premium structures like a iron condor on MDXG carry tail risk when realized volatility exceeds the implied move; review historical MDXG earnings reactions and macro stress periods before sizing. Always rebuild the position from current MDXG chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on MDXG?
- A iron condor on MDXG is the iron condor strategy applied to MDXG (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 MDXG stock trading near $3.91, the strikes shown on this page are snapped to the nearest listed MDXG chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are MDXG 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 MDXG iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 25.10%), 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 MDXG iron condor?
- The breakeven for the MDXG 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 MDXG market-implied 1-standard-deviation expected move is approximately 7.20%; 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 MDXG?
- Iron condors on MDXG are a delta-neutral premium-collection structure that profits if MDXG stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current MDXG implied volatility affect this iron condor?
- MDXG ATM IV is at 25.10% with IV rank near 1.37%, 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.