NSIT Iron Condor Strategy
NSIT (Insight Enterprises, Inc.), in the Technology sector, (Technology Distributors industry), listed on NASDAQ.
IInsight Enterprises, Inc., together with its subsidiaries, provides information technology (IT) hardware, software, and services solutions in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. The company's solution portfolio includes cloud enablement, data and AI, DevOps, digital strategy, intelligent applications and edge, and IoT solutions, as well as transformation services. It also offers cloud and data center transformation; connected workplace; and supply chain optimization solutions. In addition, the company provides software maintenance solutions that offers clients to obtain software upgrades, bug fixes, help desk, and other support services; vendor direct support services; and offers Software-as-a-Service subscription products. Further, it designs, procures, deploys, implements, and manages solutions that combine hardware, software, and services to help businesses. Additionally, the company sources, procures, stages, configures, integrates, tests, refurbishes, and redeploys IT products spanning endpoints to infrastructure; and offers software life cycle, and hardware warranty services.
NSIT (Insight Enterprises, Inc.) trades in the Technology sector, specifically Technology Distributors, with a market capitalization of approximately $2.64B, a trailing P/E of 14.95, a beta of 0.96 versus the broader market, a 52-week range of 63.62-148.58, average daily share volume of 480K, a public-listing history dating back to 1995, approximately 14K full-time employees. These structural characteristics shape how NSIT stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.96 places NSIT 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 NSIT?
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 NSIT snapshot
As of May 15, 2026, spot at $88.66, ATM IV 46.70%, IV rank 7.62%, expected move 13.39%. The iron condor on NSIT 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 98-day expiry.
Why this iron condor structure on NSIT specifically: NSIT IV at 46.70% is on the cheap side of its 1-year range, which means a premium-selling NSIT iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 13.39% (roughly $11.87 on the underlying). The 98-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated NSIT expiries trade a higher absolute premium for lower per-day decay. Position sizing on NSIT should anchor to the underlying notional of $88.66 per share and to the trader's directional view on NSIT stock.
NSIT iron condor setup
The NSIT 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 NSIT near $88.66, the first option leg uses a $95.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed NSIT chain at a 98-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 NSIT shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $95.00 | $6.35 |
| Buy 1 | Call | $100.00 | $4.70 |
| Sell 1 | Put | $85.00 | $7.30 |
| Buy 1 | Put | $80.00 | $5.35 |
NSIT iron condor risk and reward
- Net Premium / Debit
- +$360.00
- Max Profit (per contract)
- $360.00
- Max Loss (per contract)
- -$140.00
- Breakeven(s)
- $81.40, $98.60
- Risk / Reward Ratio
- 2.571
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.
NSIT iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on NSIT. 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% | -$140.00 |
| $19.61 | -77.9% | -$140.00 |
| $39.21 | -55.8% | -$140.00 |
| $58.82 | -33.7% | -$140.00 |
| $78.42 | -11.6% | -$140.00 |
| $98.02 | +10.6% | +$57.94 |
| $117.62 | +32.7% | -$140.00 |
| $137.22 | +54.8% | -$140.00 |
| $156.83 | +76.9% | -$140.00 |
| $176.43 | +99.0% | -$140.00 |
When traders use iron condor on NSIT
Iron condors on NSIT are a delta-neutral premium-collection structure that profits if NSIT stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
NSIT thesis for this iron condor
The market-implied 1-standard-deviation range for NSIT extends from approximately $76.79 on the downside to $100.53 on the upside. A NSIT iron condor is a delta-neutral premium-collection structure that pays off when NSIT 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 NSIT IV rank near 7.62% 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 NSIT at 46.70%. As a Technology name, NSIT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to NSIT-specific events.
NSIT 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. NSIT positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move NSIT alongside the broader basket even when NSIT-specific fundamentals are unchanged. Short-premium structures like a iron condor on NSIT carry tail risk when realized volatility exceeds the implied move; review historical NSIT earnings reactions and macro stress periods before sizing. Always rebuild the position from current NSIT chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on NSIT?
- A iron condor on NSIT is the iron condor strategy applied to NSIT (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 NSIT stock trading near $88.66, the strikes shown on this page are snapped to the nearest listed NSIT chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are NSIT 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 NSIT iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 46.70%), the computed maximum profit is $360.00 per contract and the computed maximum loss is -$140.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a NSIT iron condor?
- The breakeven for the NSIT iron condor priced on this page is roughly $81.40 and $98.60 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 NSIT market-implied 1-standard-deviation expected move is approximately 13.39%; 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 NSIT?
- Iron condors on NSIT are a delta-neutral premium-collection structure that profits if NSIT stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current NSIT implied volatility affect this iron condor?
- NSIT ATM IV is at 46.70% with IV rank near 7.62%, 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.