OXM Iron Condor Strategy
OXM (Oxford Industries, Inc.), in the Consumer Cyclical sector, (Apparel - Manufacturers industry), listed on NYSE.
Oxford Industries, Inc. (OII) operates globally as a lifestyle apparel and accessories enterprise, engaged in the development, procurement, promotion, and sale of various branded products. Its portfolio includes several distinct labels: Tommy Bahama: Offers a diverse range of men's and women's casual wear and related merchandise. Lilly Pulitzer: Specializes in women's and girls' apparel, including dresses, sportswear, and an array of accessories like scarves, bags, jewelry, belts, footwear, and children's swimwear. Southern Tide: Focuses on men's clothing such as shirts, pants, shorts, outerwear, ties, and swimwear, complemented by footwear and accessories, with growing collections for women and youth. OII also manages additional brands: The Beaufort Bonnet Company: Provides upscale children's attire and accessories, encompassing bonnets, hats, clothing, and swimwear, sold through its e-commerce site and wholesale partners. Duck Head: Delivers men's apparel, specifically pants, shorts, and tops, available via its website and wholesale specialty retailers.
OXM (Oxford Industries, Inc.) trades in the Consumer Cyclical sector, specifically Apparel - Manufacturers, with a market capitalization of approximately $537.8M, a beta of 1.04 versus the broader market, a 52-week range of 30.57-51.61, average daily share volume of 404K, a public-listing history dating back to 1980, approximately 6K full-time employees. These structural characteristics shape how OXM stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.04 places OXM roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. OXM pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a iron condor on OXM?
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.
OXM snapshot
As of August 14, 2026, spot at $36.51, ATM IV 69.00%, IV rank 13.71%, expected move 19.78%. The iron condor on OXM below is built from the end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 35-day expiry.
Why this iron condor structure on OXM specifically: OXM IV at 69.00% is on the cheap side of its 1-year range, which means a premium-selling OXM iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 19.78% (roughly $7.22 on the underlying). The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated OXM expiries trade a higher absolute premium for lower per-day decay. Position sizing on OXM should anchor to the underlying notional of $36.51 per share and to the trader's directional view on OXM stock.
OXM iron condor setup
The OXM 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 OXM at $36.51 on that close, the first option leg uses a $38.34 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed OXM chain at a 35-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 OXM shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $38.34 | N/A |
| Buy 1 | Call | $40.16 | N/A |
| Sell 1 | Put | $34.68 | N/A |
| Buy 1 | Put | $32.86 | N/A |
OXM 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.
OXM iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on OXM. 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 OXM
Iron condors on OXM are a delta-neutral premium-collection structure that profits if OXM stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
OXM thesis for this iron condor
The market-implied 1-standard-deviation range for OXM extends from approximately $29.29 on the downside to $43.73 on the upside. A OXM iron condor is a delta-neutral premium-collection structure that pays off when OXM 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 OXM IV rank near 13.71% 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 OXM at 69.00%. As a Consumer Cyclical name, OXM options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to OXM-specific events.
OXM 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. OXM positions also carry Consumer Cyclical sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move OXM alongside the broader basket even when OXM-specific fundamentals are unchanged. Short-premium structures like a iron condor on OXM carry tail risk when realized volatility exceeds the implied move; review historical OXM earnings reactions and macro stress periods before sizing. Always rebuild the position from current OXM chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on OXM?
- A iron condor on OXM is the iron condor strategy applied to OXM (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 OXM stock at $36.51 on the most recent close, the strikes shown on this page are snapped to the nearest listed OXM chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are OXM 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 OXM iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 69.00%), 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 OXM iron condor?
- The breakeven for the OXM iron condor priced on this page is no defined breakeven on the modeled curve at expiration, derived from the end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The OXM market-implied 1-standard-deviation expected move in the same options snapshot is approximately 19.78%; 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 OXM?
- Iron condors on OXM are a delta-neutral premium-collection structure that profits if OXM stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current OXM implied volatility affect this iron condor?
- OXM ATM IV is at 69.00% with IV rank near 13.71%, 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.