NEOV Iron Condor Strategy
NEOV (NeoVolta Inc.), in the Industrials sector, (Electrical Equipment & Parts industry), listed on NASDAQ.
NeoVolta Inc. designs, manufactures, and sells energy storage systems in the United States. It offers NV14 and NV 24 energy storage systems to store and use energy through batteries and an inverter at residential or commercial sites. The company markets and sells its products directly to certified solar installers and solar equipment distributors. NeoVolta Inc. was founded in 2018 and is headquartered in Poway, California.
NEOV (NeoVolta Inc.) trades in the Industrials sector, specifically Electrical Equipment & Parts, with a market capitalization of approximately $102.5M, a beta of -0.39 versus the broader market, a 52-week range of 2.38-7.13, average daily share volume of 523K, a public-listing history dating back to 2020, approximately 10 full-time employees. These structural characteristics shape how NEOV stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of -0.39 indicates NEOV has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure.
What is a iron condor on NEOV?
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 NEOV snapshot
As of May 15, 2026, spot at $2.55, ATM IV 442.50%, expected move 126.86%. The iron condor on NEOV 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 NEOV specifically: IV rank is unavailable in the current snapshot, so regime-based timing for NEOV is inferred from ATM IV at 442.50% alone, with a market-implied 1-standard-deviation move of approximately 126.86% (roughly $3.23 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 NEOV expiries trade a higher absolute premium for lower per-day decay. Position sizing on NEOV should anchor to the underlying notional of $2.55 per share and to the trader's directional view on NEOV stock.
NEOV iron condor setup
The NEOV 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 NEOV near $2.55, the first option leg uses a $2.68 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed NEOV 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 NEOV shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $2.68 | N/A |
| Buy 1 | Call | $2.81 | N/A |
| Sell 1 | Put | $2.42 | N/A |
| Buy 1 | Put | $2.30 | N/A |
NEOV 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.
NEOV iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on NEOV. 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 NEOV
Iron condors on NEOV are a delta-neutral premium-collection structure that profits if NEOV stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
NEOV thesis for this iron condor
The market-implied 1-standard-deviation range for NEOV extends from approximately $-0.68 on the downside to $5.78 on the upside. A NEOV iron condor is a delta-neutral premium-collection structure that pays off when NEOV 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. As a Industrials name, NEOV options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to NEOV-specific events.
NEOV 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. NEOV positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move NEOV alongside the broader basket even when NEOV-specific fundamentals are unchanged. Short-premium structures like a iron condor on NEOV carry tail risk when realized volatility exceeds the implied move; review historical NEOV earnings reactions and macro stress periods before sizing. Always rebuild the position from current NEOV chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on NEOV?
- A iron condor on NEOV is the iron condor strategy applied to NEOV (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 NEOV stock trading near $2.55, the strikes shown on this page are snapped to the nearest listed NEOV chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are NEOV 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 NEOV iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 442.50%), 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 NEOV iron condor?
- The breakeven for the NEOV 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 NEOV market-implied 1-standard-deviation expected move is approximately 126.86%; 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 NEOV?
- Iron condors on NEOV are a delta-neutral premium-collection structure that profits if NEOV stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current NEOV implied volatility affect this iron condor?
- Current NEOV ATM IV is 442.50%; IV rank context is unavailable in the current snapshot.