ORMP Iron Condor Strategy
ORMP (Oramed Pharmaceuticals Inc.), in the Healthcare sector, (Biotechnology industry), listed on NASDAQ.
Oramed Pharmaceuticals Inc., founded in 2002 and based in New York, New York, specializes in the development of groundbreaking pharmaceutical treatments. Their primary focus is on creating orally ingested capsules or pills for the delivery of polypeptides, particularly aimed at managing diabetes. The company's leading product, ORMD-0801, is an oral insulin capsule that has successfully completed Phase II clinical trials for patients with diabetes. Oramed is also advancing ORMD-0901, an oral glucagon-like peptide-1 (GLP-1) capsule, which has concluded Phase I clinical trials for the treatment of type 2 diabetes. Additionally, an oral leptin capsule for weight loss is currently under development. The firm was originally incorporated as Integrated Security Technologies, Inc., before officially changing its name to Oramed Pharmaceuticals Inc. in April 2006.
ORMP (Oramed Pharmaceuticals Inc.) trades in the Healthcare sector, specifically Biotechnology, with a market capitalization of approximately $191.1M, a trailing P/E of 1.73, a beta of 1.24 versus the broader market, a 52-week range of 1.98-5.19, average daily share volume of 253K, a public-listing history dating back to 2007, approximately 13 full-time employees. These structural characteristics shape how ORMP stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.24 places ORMP roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. The trailing P/E of 1.73 is on the value side, where IV often compresses outside event windows because forward growth expectations are already discounted into the share price. ORMP pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a iron condor on ORMP?
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 ORMP snapshot
As of June 30, 2026, spot at $4.79, ATM IV 166.80%, IV rank 33.08%, expected move 47.82%. The iron condor on ORMP 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 17-day expiry.
Why this iron condor structure on ORMP specifically: ORMP IV at 166.80% is mid-range versus its 1-year history, so the credit collected on a ORMP iron condor sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 47.82% (roughly $2.29 on the underlying). The 17-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated ORMP expiries trade a higher absolute premium for lower per-day decay. Position sizing on ORMP should anchor to the underlying notional of $4.79 per share and to the trader's directional view on ORMP stock.
ORMP iron condor setup
The ORMP 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 ORMP near $4.79, the first option leg uses a $5.03 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ORMP chain at a 17-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 ORMP shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $5.03 | N/A |
| Buy 1 | Call | $5.27 | N/A |
| Sell 1 | Put | $4.55 | N/A |
| Buy 1 | Put | $4.31 | N/A |
ORMP 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.
ORMP iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on ORMP. 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 ORMP
Iron condors on ORMP are a delta-neutral premium-collection structure that profits if ORMP stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
ORMP thesis for this iron condor
The market-implied 1-standard-deviation range for ORMP extends from approximately $2.50 on the downside to $7.08 on the upside. A ORMP iron condor is a delta-neutral premium-collection structure that pays off when ORMP 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 ORMP IV rank near 33.08% is mid-range against its 1-year distribution, so the IV signal is neutral; the iron condor thesis on ORMP should anchor more to the directional view and the expected-move geometry. As a Healthcare name, ORMP options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ORMP-specific events.
ORMP 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. ORMP positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move ORMP alongside the broader basket even when ORMP-specific fundamentals are unchanged. Short-premium structures like a iron condor on ORMP carry tail risk when realized volatility exceeds the implied move; review historical ORMP earnings reactions and macro stress periods before sizing. Always rebuild the position from current ORMP chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on ORMP?
- A iron condor on ORMP is the iron condor strategy applied to ORMP (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 ORMP stock trading near $4.79, the strikes shown on this page are snapped to the nearest listed ORMP chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are ORMP 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 ORMP iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 166.80%), 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 ORMP iron condor?
- The breakeven for the ORMP 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 ORMP market-implied 1-standard-deviation expected move is approximately 47.82%; 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 ORMP?
- Iron condors on ORMP are a delta-neutral premium-collection structure that profits if ORMP stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current ORMP implied volatility affect this iron condor?
- ORMP ATM IV is at 166.80% with IV rank near 33.08%, 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.