NNOX Iron Condor Strategy
NNOX (Nano-X Imaging Ltd.), in the Healthcare sector, (Medical - Devices industry), listed on NASDAQ.
Nano-X Imaging Ltd. specializes in developing a commercial-grade tomographic imaging device that incorporates an innovative digital X-ray source, which leverages a digital micro-electro-mechanical systems (MEMS) semiconductor cathode. Beyond its hardware focus, the company also delivers teleradiology services and creates artificial intelligence (AI) applications tailored for practical use in medical imaging. Its core offerings include the Nanox.ARC, a prototype medical imaging system that integrates its proprietary digital X-ray technology, and Nanox.CLOUD, a complementary cloud-based software platform envisioned to facilitate medical screening as a service. Nano-X also operates Nanox.MARKETPLACE, a platform designed to connect imaging facilities and customers with radiologists for efficient remote interpretation of medical scans. Additionally, the company provides AI-driven software solutions to a wide range of healthcare entities, including hospitals, health maintenance organizations, integrated delivery networks, pharmaceutical companies, and insurers. These solutions are designed to analyze data from existing computed tomography (CT) scans to identify or predict undiagnosed or underdiagnosed medical conditions, such as osteoporosis and cardiovascular disease.
NNOX (Nano-X Imaging Ltd.) trades in the Healthcare sector, specifically Medical - Devices, with a market capitalization of approximately $75.9M, a beta of 1.17 versus the broader market, a 52-week range of 0.734-5.69, average daily share volume of 1.5M, a public-listing history dating back to 2020, approximately 165 full-time employees. These structural characteristics shape how NNOX stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.17 places NNOX roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.
What is a iron condor on NNOX?
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 NNOX snapshot
As of June 29, 2026, spot at $1.30, ATM IV 254.40%, IV rank 54.45%, expected move 72.93%. The iron condor on NNOX 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 NNOX specifically: NNOX IV at 254.40% is mid-range versus its 1-year history, so the credit collected on a NNOX iron condor sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 72.93% (roughly $0.95 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 NNOX expiries trade a higher absolute premium for lower per-day decay. Position sizing on NNOX should anchor to the underlying notional of $1.30 per share and to the trader's directional view on NNOX stock.
NNOX iron condor setup
The NNOX 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 NNOX near $1.30, the first option leg uses a $1.37 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed NNOX 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 NNOX shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $1.37 | N/A |
| Buy 1 | Call | $1.43 | N/A |
| Sell 1 | Put | $1.23 | N/A |
| Buy 1 | Put | $1.17 | N/A |
NNOX 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.
NNOX iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on NNOX. 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 NNOX
Iron condors on NNOX are a delta-neutral premium-collection structure that profits if NNOX stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
NNOX thesis for this iron condor
The market-implied 1-standard-deviation range for NNOX extends from approximately $0.35 on the downside to $2.25 on the upside. A NNOX iron condor is a delta-neutral premium-collection structure that pays off when NNOX 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 NNOX IV rank near 54.45% is mid-range against its 1-year distribution, so the IV signal is neutral; the iron condor thesis on NNOX should anchor more to the directional view and the expected-move geometry. As a Healthcare name, NNOX options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to NNOX-specific events.
NNOX 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. NNOX positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move NNOX alongside the broader basket even when NNOX-specific fundamentals are unchanged. Short-premium structures like a iron condor on NNOX carry tail risk when realized volatility exceeds the implied move; review historical NNOX earnings reactions and macro stress periods before sizing. Always rebuild the position from current NNOX chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on NNOX?
- A iron condor on NNOX is the iron condor strategy applied to NNOX (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 NNOX stock trading near $1.30, the strikes shown on this page are snapped to the nearest listed NNOX chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are NNOX 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 NNOX iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 254.40%), 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 NNOX iron condor?
- The breakeven for the NNOX 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 NNOX market-implied 1-standard-deviation expected move is approximately 72.93%; 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 NNOX?
- Iron condors on NNOX are a delta-neutral premium-collection structure that profits if NNOX stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current NNOX implied volatility affect this iron condor?
- NNOX ATM IV is at 254.40% with IV rank near 54.45%, 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.