NNE Iron Condor Strategy
NNE (Nano Nuclear Energy Inc), in the Industrials sector, (Industrial - Machinery industry), listed on NASDAQ.
NANO Nuclear Energy Inc. operates as a microreactor technology company. The company is developing ZEUS, a solid-core battery reactor, and ODIN, a low-pressure coolant reactor. It is also developing a high-assay low-enriched uranium fabrication facility to supply fuel to the nuclear reactor industry and fuel transportation and nuclear consultation businesses. The company was founded in 2021 and is based in New York, New York.
NNE (Nano Nuclear Energy Inc) trades in the Industrials sector, specifically Industrial - Machinery, with a market capitalization of approximately $1.12B, a beta of 5.14 versus the broader market, a 52-week range of 18.93-60.87, average daily share volume of 2.0M, a public-listing history dating back to 2000, approximately 5 full-time employees. These structural characteristics shape how NNE stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 5.14 indicates NNE 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 NNE?
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 NNE snapshot
As of May 15, 2026, spot at $24.84, ATM IV 97.57%, IV rank 39.98%, expected move 27.97%. The iron condor on NNE 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 NNE specifically: NNE IV at 97.57% is mid-range versus its 1-year history, so the credit collected on a NNE iron condor sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 27.97% (roughly $6.95 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 NNE expiries trade a higher absolute premium for lower per-day decay. Position sizing on NNE should anchor to the underlying notional of $24.84 per share and to the trader's directional view on NNE stock.
NNE iron condor setup
The NNE 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 NNE near $24.84, the first option leg uses a $26.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed NNE 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 NNE shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $26.00 | $2.23 |
| Buy 1 | Call | $27.50 | $1.83 |
| Sell 1 | Put | $23.50 | $1.90 |
| Buy 1 | Put | $22.50 | $1.58 |
NNE iron condor risk and reward
- Net Premium / Debit
- +$72.50
- Max Profit (per contract)
- $72.50
- Max Loss (per contract)
- -$77.50
- Breakeven(s)
- $22.78, $26.73
- Risk / Reward Ratio
- 0.935
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.
NNE iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on NNE. 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% | -$27.50 |
| $5.50 | -77.9% | -$27.50 |
| $10.99 | -55.7% | -$27.50 |
| $16.48 | -33.6% | -$27.50 |
| $21.97 | -11.5% | -$27.50 |
| $27.47 | +10.6% | -$74.08 |
| $32.96 | +32.7% | -$77.50 |
| $38.45 | +54.8% | -$77.50 |
| $43.94 | +76.9% | -$77.50 |
| $49.43 | +99.0% | -$77.50 |
When traders use iron condor on NNE
Iron condors on NNE are a delta-neutral premium-collection structure that profits if NNE stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
NNE thesis for this iron condor
The market-implied 1-standard-deviation range for NNE extends from approximately $17.89 on the downside to $31.79 on the upside. A NNE iron condor is a delta-neutral premium-collection structure that pays off when NNE 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 NNE IV rank near 39.98% is mid-range against its 1-year distribution, so the IV signal is neutral; the iron condor thesis on NNE should anchor more to the directional view and the expected-move geometry. As a Industrials name, NNE options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to NNE-specific events.
NNE 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. NNE positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move NNE alongside the broader basket even when NNE-specific fundamentals are unchanged. Short-premium structures like a iron condor on NNE carry tail risk when realized volatility exceeds the implied move; review historical NNE earnings reactions and macro stress periods before sizing. Always rebuild the position from current NNE chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on NNE?
- A iron condor on NNE is the iron condor strategy applied to NNE (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 NNE stock trading near $24.84, the strikes shown on this page are snapped to the nearest listed NNE chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are NNE 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 NNE iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 97.57%), the computed maximum profit is $72.50 per contract and the computed maximum loss is -$77.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a NNE iron condor?
- The breakeven for the NNE iron condor priced on this page is roughly $22.78 and $26.73 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 NNE market-implied 1-standard-deviation expected move is approximately 27.97%; 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 NNE?
- Iron condors on NNE are a delta-neutral premium-collection structure that profits if NNE stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current NNE implied volatility affect this iron condor?
- NNE ATM IV is at 97.57% with IV rank near 39.98%, 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.