NXPI Iron Condor Strategy
NXPI (NXP Semiconductors N.V.), in the Technology sector, (Semiconductors industry), listed on NASDAQ.
NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors. The company's product solutions are used in a range of applications, including automotive, industrial and Internet of Things, mobile, and communication infrastructure. The company markets its products to various original equipment manufacturers, contract manufacturers, and distributors. It operates in China, the Netherlands, the United States, Singapore, Germany, Japan, South Korea, Malaysia, and internationally. The company was formerly known as KASLION Acquisition B.V and changed its name to NXP Semiconductors N.V. in May 2010.
NXPI (NXP Semiconductors N.V.) trades in the Technology sector, specifically Semiconductors, with a market capitalization of approximately $75.34B, a trailing P/E of 28.43, a beta of 1.78 versus the broader market, a 52-week range of 183-306.62, average daily share volume of 3.2M, a public-listing history dating back to 2010, approximately 33K full-time employees. These structural characteristics shape how NXPI stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.78 indicates NXPI has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. NXPI pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a iron condor on NXPI?
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 NXPI snapshot
As of May 15, 2026, spot at $292.25, ATM IV 44.80%, IV rank 50.47%, expected move 12.84%. The iron condor on NXPI 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 NXPI specifically: NXPI IV at 44.80% is mid-range versus its 1-year history, so the credit collected on a NXPI iron condor sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 12.84% (roughly $37.54 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 NXPI expiries trade a higher absolute premium for lower per-day decay. Position sizing on NXPI should anchor to the underlying notional of $292.25 per share and to the trader's directional view on NXPI stock.
NXPI iron condor setup
The NXPI 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 NXPI near $292.25, the first option leg uses a $310.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed NXPI 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 NXPI shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $310.00 | $9.25 |
| Buy 1 | Call | $320.00 | $6.75 |
| Sell 1 | Put | $280.00 | $10.15 |
| Buy 1 | Put | $260.00 | $4.50 |
NXPI iron condor risk and reward
- Net Premium / Debit
- +$815.00
- Max Profit (per contract)
- $815.00
- Max Loss (per contract)
- -$1,185.00
- Breakeven(s)
- $271.85, $318.20
- Risk / Reward Ratio
- 0.688
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.
NXPI iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on NXPI. 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% | -$1,185.00 |
| $64.63 | -77.9% | -$1,185.00 |
| $129.24 | -55.8% | -$1,185.00 |
| $193.86 | -33.7% | -$1,185.00 |
| $258.48 | -11.6% | -$1,185.00 |
| $323.09 | +10.6% | -$185.00 |
| $387.71 | +32.7% | -$185.00 |
| $452.33 | +54.8% | -$185.00 |
| $516.95 | +76.9% | -$185.00 |
| $581.56 | +99.0% | -$185.00 |
When traders use iron condor on NXPI
Iron condors on NXPI are a delta-neutral premium-collection structure that profits if NXPI stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
NXPI thesis for this iron condor
The market-implied 1-standard-deviation range for NXPI extends from approximately $254.71 on the downside to $329.79 on the upside. A NXPI iron condor is a delta-neutral premium-collection structure that pays off when NXPI 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 NXPI IV rank near 50.47% is mid-range against its 1-year distribution, so the IV signal is neutral; the iron condor thesis on NXPI should anchor more to the directional view and the expected-move geometry. As a Technology name, NXPI options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to NXPI-specific events.
NXPI 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. NXPI positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move NXPI alongside the broader basket even when NXPI-specific fundamentals are unchanged. Short-premium structures like a iron condor on NXPI carry tail risk when realized volatility exceeds the implied move; review historical NXPI earnings reactions and macro stress periods before sizing. Always rebuild the position from current NXPI chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on NXPI?
- A iron condor on NXPI is the iron condor strategy applied to NXPI (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 NXPI stock trading near $292.25, the strikes shown on this page are snapped to the nearest listed NXPI chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are NXPI 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 NXPI iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 44.80%), the computed maximum profit is $815.00 per contract and the computed maximum loss is -$1,185.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a NXPI iron condor?
- The breakeven for the NXPI iron condor priced on this page is roughly $271.85 and $318.20 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 NXPI market-implied 1-standard-deviation expected move is approximately 12.84%; 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 NXPI?
- Iron condors on NXPI are a delta-neutral premium-collection structure that profits if NXPI stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current NXPI implied volatility affect this iron condor?
- NXPI ATM IV is at 44.80% with IV rank near 50.47%, 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.