How are POET 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 POET iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 118.64%), the computed maximum profit is $28.50 per contract and the computed maximum loss is -$21.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a POET iron condor?

The breakeven for the POET iron condor priced on this page is roughly $9.22 and $10.79 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 POET market-implied 1-standard-deviation expected move is approximately 34.01%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current POET implied volatility affect this iron condor?

POET ATM IV is at 118.64% with IV rank near 49.45%, 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.

POET Iron Condor Strategy

POET (POET Technologies Inc.), in the Technology sector, (Semiconductors industry), listed on NASDAQ.

POET Technologies Inc., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products and services for commercial applications in the United States, Canada, Singapore, and China. The company offers photonic integrated packaging solutions based on the POET Optical Interposer, a novel platform that allows the seamless integration of electronic and photonic devices onto a single chip using advanced wafer-level semiconductor manufacturing techniques. It also designs and develops photonic integrated circuits and optical engines based on the POET Optical Interposer platform. The company serves the data center; tele-communications; 5G interconnect markets, such as PON and GPON, and edge computing for machine-to-machine communications; and sensing markets, including LIDAR, Optical Coherence Tomography for medical devices, and virtual reality systems, as well as light source markets. The company has a strategic collaboration with Lite-On Technology Corporation to develop optical modules for AI applications. POET Technologies Inc. was formerly known as Opel Technologies Inc. and changed its name to POET Technologies Inc. in June 2013.

POET (POET Technologies Inc.) trades in the Technology sector, specifically Semiconductors, with a market capitalization of approximately $1.25B, a beta of 0.73 versus the broader market, a 52-week range of 3.87-20.81, average daily share volume of 42.6M, a public-listing history dating back to 2008, approximately 56 full-time employees. These structural characteristics shape how POET stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.73 places POET 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 POET?

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 POET snapshot

As of June 29, 2026, spot at $10.04, ATM IV 118.64%, IV rank 49.45%, expected move 34.01%. The iron condor on POET 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 32-day expiry.

Why this iron condor structure on POET specifically: POET IV at 118.64% is mid-range versus its 1-year history, so the credit collected on a POET iron condor sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 34.01% (roughly $3.41 on the underlying). The 32-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated POET expiries trade a higher absolute premium for lower per-day decay. Position sizing on POET should anchor to the underlying notional of $10.04 per share and to the trader's directional view on POET stock.

POET iron condor setup

The POET 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 POET near $10.04, the first option leg uses a $10.50 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed POET chain at a 32-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 POET shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Call	$10.50	$1.10
Buy 1	Call	$11.00	$1.01
Sell 1	Put	$9.50	$1.13
Buy 1	Put	$9.00	$0.93

POET iron condor risk and reward

Net Premium / Debit: +$28.50
Max Profit (per contract): $28.50
Max Loss (per contract): -$21.50
Breakeven(s): $9.22, $10.79
Risk / Reward Ratio: 1.326

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.

POET iron condor payoff curve

Modeled P&L at expiration across a range of underlying prices for the iron condor on POET. 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.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-99.9%	-$21.50
$2.23	-77.8%	-$21.50
$4.45	-55.7%	-$21.50
$6.67	-33.6%	-$21.50
$8.89	-11.5%	-$21.50
$11.10	+10.6%	-$21.50
$13.32	+32.7%	-$21.50
$15.54	+54.8%	-$21.50
$17.76	+76.9%	-$21.50
$19.98	+99.0%	-$21.50

When traders use iron condor on POET

Iron condors on POET are a delta-neutral premium-collection structure that profits if POET stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.

POET thesis for this iron condor

The market-implied 1-standard-deviation range for POET extends from approximately $6.63 on the downside to $13.45 on the upside. A POET iron condor is a delta-neutral premium-collection structure that pays off when POET 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 POET IV rank near 49.45% is mid-range against its 1-year distribution, so the IV signal is neutral; the iron condor thesis on POET should anchor more to the directional view and the expected-move geometry. As a Technology name, POET options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to POET-specific events.

POET 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. POET positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move POET alongside the broader basket even when POET-specific fundamentals are unchanged. Short-premium structures like a iron condor on POET carry tail risk when realized volatility exceeds the implied move; review historical POET earnings reactions and macro stress periods before sizing. Always rebuild the position from current POET chain quotes before placing a trade.

Frequently asked questions

What is a iron condor on POET?: A iron condor on POET is the iron condor strategy applied to POET (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 POET stock trading near $10.04, the strikes shown on this page are snapped to the nearest listed POET chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are POET 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 POET iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 118.64%), the computed maximum profit is $28.50 per contract and the computed maximum loss is -$21.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a POET iron condor?: The breakeven for the POET iron condor priced on this page is roughly $9.22 and $10.79 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 POET market-implied 1-standard-deviation expected move is approximately 34.01%; 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 POET?: Iron condors on POET are a delta-neutral premium-collection structure that profits if POET stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
How does current POET implied volatility affect this iron condor?: POET ATM IV is at 118.64% with IV rank near 49.45%, 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.