PKBK Iron Condor Strategy
PKBK (Parke Bancorp, Inc.), in the Financial Services sector, (Banks - Regional industry), listed on NASDAQ.
Parke Bancorp, Inc. operates as the bank holding company for Parke Bank that provides personal and business financial services to individuals and small to mid-sized businesses. The company offers various deposit products, including checking, savings, time, money market, and individual retirement accounts, as well as certificates of deposit. Its loan portfolio comprises commercial and industrial, construction, commercial and residential real estate mortgage, and consumer loans. In addition, the company provides debit cards, internet banking, and online bill payment services. It operates through 7 branch offices in Galloway Township, Northfield, Washington Township, and Collingswood, New Jersey; and Philadelphia, Pennsylvania. Parke Bancorp, Inc. was founded in 1999 and is headquartered in Washington Township, New Jersey.
PKBK (Parke Bancorp, Inc.) trades in the Financial Services sector, specifically Banks - Regional, with a market capitalization of approximately $355.9M, a trailing P/E of 8.41, a beta of 0.49 versus the broader market, a 52-week range of 18.78-31.45, average daily share volume of 94K, a public-listing history dating back to 2003, approximately 99 full-time employees. These structural characteristics shape how PKBK stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.49 indicates PKBK has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. The trailing P/E of 8.41 is on the value side, where IV often compresses outside event windows because forward growth expectations are already discounted into the share price. PKBK pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a iron condor on PKBK?
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 PKBK snapshot
As of May 15, 2026, spot at $30.27, ATM IV 37.10%, IV rank 6.47%, expected move 10.64%. The iron condor on PKBK 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 PKBK specifically: PKBK IV at 37.10% is on the cheap side of its 1-year range, which means a premium-selling PKBK iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 10.64% (roughly $3.22 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 PKBK expiries trade a higher absolute premium for lower per-day decay. Position sizing on PKBK should anchor to the underlying notional of $30.27 per share and to the trader's directional view on PKBK stock.
PKBK iron condor setup
The PKBK 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 PKBK near $30.27, the first option leg uses a $31.78 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed PKBK 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 PKBK shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $31.78 | N/A |
| Buy 1 | Call | $33.30 | N/A |
| Sell 1 | Put | $28.76 | N/A |
| Buy 1 | Put | $27.24 | N/A |
PKBK 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.
PKBK iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on PKBK. 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 PKBK
Iron condors on PKBK are a delta-neutral premium-collection structure that profits if PKBK stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
PKBK thesis for this iron condor
The market-implied 1-standard-deviation range for PKBK extends from approximately $27.05 on the downside to $33.49 on the upside. A PKBK iron condor is a delta-neutral premium-collection structure that pays off when PKBK 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 PKBK IV rank near 6.47% 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 PKBK at 37.10%. As a Financial Services name, PKBK options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to PKBK-specific events.
PKBK 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. PKBK positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move PKBK alongside the broader basket even when PKBK-specific fundamentals are unchanged. Short-premium structures like a iron condor on PKBK carry tail risk when realized volatility exceeds the implied move; review historical PKBK earnings reactions and macro stress periods before sizing. Always rebuild the position from current PKBK chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on PKBK?
- A iron condor on PKBK is the iron condor strategy applied to PKBK (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 PKBK stock trading near $30.27, the strikes shown on this page are snapped to the nearest listed PKBK chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are PKBK 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 PKBK iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 37.10%), 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 PKBK iron condor?
- The breakeven for the PKBK 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 PKBK market-implied 1-standard-deviation expected move is approximately 10.64%; 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 PKBK?
- Iron condors on PKBK are a delta-neutral premium-collection structure that profits if PKBK stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current PKBK implied volatility affect this iron condor?
- PKBK ATM IV is at 37.10% with IV rank near 6.47%, 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.