MYO Iron Condor Strategy
MYO (Myomo, Inc.), in the Healthcare sector, (Medical - Devices industry), listed on AMEX.
Myomo, Inc., a wearable medical robotics company, designs, develops, and produces myoelectric orthotics for people with neuromuscular disorders in the United States. The company offers MyoPro, a myoelectric-controlled upper limb brace or orthosis product used for supporting a patient's weak or paralyzed arm to enable and improve functional activities of daily living. Its products are designed to help improve function in adults and adolescents with neuromuscular conditions due to brachial plexus injury, stroke, traumatic brain injury, spinal cord injury, and other neurological disorders. The company sells its products to orthotics and prosthetics providers, the Veterans Health Administration, and rehabilitation hospitals, as well as through distributors. Myomo, Inc. was incorporated in 2004 and is headquartered in Boston, Massachusetts.
MYO (Myomo, Inc.) trades in the Healthcare sector, specifically Medical - Devices, with a market capitalization of approximately $31.4M, a beta of 1.39 versus the broader market, a 52-week range of 0.605-3.685, average daily share volume of 361K, a public-listing history dating back to 2017, approximately 184 full-time employees. These structural characteristics shape how MYO stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.39 indicates MYO 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 MYO?
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 MYO snapshot
As of May 15, 2026, spot at $0.92, ATM IV 23.40%, IV rank 1.24%, expected move 6.71%. The iron condor on MYO 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 34-day expiry.
Why this iron condor structure on MYO specifically: MYO IV at 23.40% is on the cheap side of its 1-year range, which means a premium-selling MYO iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 6.71% (roughly $0.06 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated MYO expiries trade a higher absolute premium for lower per-day decay. Position sizing on MYO should anchor to the underlying notional of $0.92 per share and to the trader's directional view on MYO stock.
MYO iron condor setup
The MYO 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 MYO near $0.92, the first option leg uses a $0.97 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed MYO chain at a 34-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 MYO shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $0.97 | N/A |
| Buy 1 | Call | $1.01 | N/A |
| Sell 1 | Put | $0.87 | N/A |
| Buy 1 | Put | $0.83 | N/A |
MYO 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.
MYO iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on MYO. 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 MYO
Iron condors on MYO are a delta-neutral premium-collection structure that profits if MYO stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
MYO thesis for this iron condor
The market-implied 1-standard-deviation range for MYO extends from approximately $0.86 on the downside to $0.98 on the upside. A MYO iron condor is a delta-neutral premium-collection structure that pays off when MYO 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 MYO IV rank near 1.24% 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 MYO at 23.40%. As a Healthcare name, MYO options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to MYO-specific events.
MYO 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. MYO positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move MYO alongside the broader basket even when MYO-specific fundamentals are unchanged. Short-premium structures like a iron condor on MYO carry tail risk when realized volatility exceeds the implied move; review historical MYO earnings reactions and macro stress periods before sizing. Always rebuild the position from current MYO chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on MYO?
- A iron condor on MYO is the iron condor strategy applied to MYO (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 MYO stock trading near $0.92, the strikes shown on this page are snapped to the nearest listed MYO chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are MYO 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 MYO iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 23.40%), 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 MYO iron condor?
- The breakeven for the MYO 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 MYO market-implied 1-standard-deviation expected move is approximately 6.71%; 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 MYO?
- Iron condors on MYO are a delta-neutral premium-collection structure that profits if MYO stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current MYO implied volatility affect this iron condor?
- MYO ATM IV is at 23.40% with IV rank near 1.24%, 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.