How are MOS 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 MOS iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 46.28%), the computed maximum profit is $60.00 per contract and the computed maximum loss is -$40.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a MOS iron condor?

The breakeven for the MOS iron condor priced on this page is roughly $19.40 and $22.60 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 MOS market-implied 1-standard-deviation expected move is approximately 13.27%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current MOS implied volatility affect this iron condor?

MOS ATM IV is at 46.28% with IV rank near 59.88%, 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.

MOS Iron Condor Strategy

MOS (The Mosaic Company), in the Basic Materials sector, (Agricultural Inputs industry), listed on NYSE.

Operating on a global scale via its various subsidiaries, The Mosaic Company specializes in the creation and distribution of concentrated phosphate and potash crop nutrients. Its business is structured into three distinct segments: Phosphates, Potash, and Mosaic Fertilizantes. The company maintains and operates its own mining facilities to extract raw materials, which are then processed into a diverse array of phosphate-based products. These offerings encompass crucial agricultural fertilizers such as diammonium phosphate (DAP), monoammonium phosphate (MAP), and various ammoniated phosphate compounds. Additionally, Mosaic produces phosphate-derived ingredients for animal feed, primarily marketed under the Biofos and Nexfos brands, along with K-Mag, a unique double sulfate of potash magnesia product. Beyond phosphates, Mosaic is a key producer and vendor of potash.

MOS (The Mosaic Company) trades in the Basic Materials sector, specifically Agricultural Inputs, with a market capitalization of approximately $7.11B, a trailing P/E of 9.78, a beta of 0.81 versus the broader market, a 52-week range of 19.8-38.23, average daily share volume of 9.2M, a public-listing history dating back to 1988, approximately 14K full-time employees. These structural characteristics shape how MOS stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.81 places MOS roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. The trailing P/E of 9.78 is on the value side, where IV often compresses outside event windows because forward growth expectations are already discounted into the share price. MOS pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a iron condor on MOS?

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 MOS snapshot

As of June 30, 2026, spot at $20.98, ATM IV 46.28%, IV rank 59.88%, expected move 13.27%. The iron condor on MOS 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 MOS specifically: MOS IV at 46.28% is mid-range versus its 1-year history, so the credit collected on a MOS iron condor sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 13.27% (roughly $2.78 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 MOS expiries trade a higher absolute premium for lower per-day decay. Position sizing on MOS should anchor to the underlying notional of $20.98 per share and to the trader's directional view on MOS stock.

MOS iron condor setup

The MOS 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 MOS near $20.98, the first option leg uses a $22.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed MOS 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 MOS shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Call	$22.00	$0.80
Buy 1	Call	$23.00	$0.50
Sell 1	Put	$20.00	$0.60
Buy 1	Put	$19.00	$0.30

MOS iron condor risk and reward

Net Premium / Debit: +$60.00
Max Profit (per contract): $60.00
Max Loss (per contract): -$40.00
Breakeven(s): $19.40, $22.60
Risk / Reward Ratio: 1.500

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.

MOS iron condor payoff curve

Modeled P&L at expiration across a range of underlying prices for the iron condor on MOS. 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%	-$40.00
$4.65	-77.8%	-$40.00
$9.29	-55.7%	-$40.00
$13.92	-33.6%	-$40.00
$18.56	-11.5%	-$40.00
$23.20	+10.6%	-$40.00
$27.84	+32.7%	-$40.00
$32.47	+54.8%	-$40.00
$37.11	+76.9%	-$40.00
$41.75	+99.0%	-$40.00

When traders use iron condor on MOS

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

MOS thesis for this iron condor

The market-implied 1-standard-deviation range for MOS extends from approximately $18.20 on the downside to $23.76 on the upside. A MOS iron condor is a delta-neutral premium-collection structure that pays off when MOS 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 MOS IV rank near 59.88% is mid-range against its 1-year distribution, so the IV signal is neutral; the iron condor thesis on MOS should anchor more to the directional view and the expected-move geometry. As a Basic Materials name, MOS options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to MOS-specific events.

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

Frequently asked questions

What is a iron condor on MOS?: A iron condor on MOS is the iron condor strategy applied to MOS (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 MOS stock trading near $20.98, the strikes shown on this page are snapped to the nearest listed MOS chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are MOS 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 MOS iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 46.28%), the computed maximum profit is $60.00 per contract and the computed maximum loss is -$40.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a MOS iron condor?: The breakeven for the MOS iron condor priced on this page is roughly $19.40 and $22.60 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 MOS market-implied 1-standard-deviation expected move is approximately 13.27%; 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 MOS?: Iron condors on MOS are a delta-neutral premium-collection structure that profits if MOS stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
How does current MOS implied volatility affect this iron condor?: MOS ATM IV is at 46.28% with IV rank near 59.88%, 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.