QCRH Iron Condor Strategy
QCRH (QCR Holdings, Inc.), in the Financial Services sector, (Banks - Regional industry), listed on NASDAQ.
QCR Holdings, Inc., operating as a multi-bank holding company, delivers a wide array of financial services. These offerings include commercial and consumer banking, alongside specialized trust and asset management. The company provides various deposit products, such as demand accounts that are both interest and non-interest bearing, time deposits, and brokered deposits. Beyond its deposit services, QCR Holdings extends diverse commercial and retail lending, leasing, and investment opportunities. Its clientele is extensive, comprising corporations, partnerships, individual consumers, and government agencies. A significant portion of its loan portfolio is dedicated to small and mid-sized businesses, offering credit lines for operational and working capital purposes, term loans for purchasing facilities and equipment, and financing for commercial and residential real estate.
QCRH (QCR Holdings, Inc.) trades in the Financial Services sector, specifically Banks - Regional, with a market capitalization of approximately $1.62B, a trailing P/E of 11.36, a beta of 0.74 versus the broader market, a 52-week range of 66.65-108.11, average daily share volume of 119K, a public-listing history dating back to 1993, approximately 1K full-time employees. These structural characteristics shape how QCRH stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.74 places QCRH roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. The trailing P/E of 11.36 is on the value side, where IV often compresses outside event windows because forward growth expectations are already discounted into the share price. QCRH pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a iron condor on QCRH?
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.
QCRH snapshot
As of September 29, 2026, spot at $99.06, ATM IV 162.40%, IV rank 30.41%, expected move 46.56%. The iron condor on QCRH below is built from the September 29, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 52-day expiry.
Why this iron condor structure on QCRH specifically: QCRH IV at 162.40% is mid-range versus its 1-year history, so the credit collected on a QCRH iron condor sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 46.56% (roughly $46.12 on the underlying). The 52-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated QCRH expiries trade a higher absolute premium for lower per-day decay. Position sizing on QCRH should anchor to the underlying notional of $99.06 per share and to the trader's directional view on QCRH stock.
QCRH iron condor setup
The QCRH iron condor below is built from the September 29, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With QCRH at $99.06 on that close, the first option leg uses a $105.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed QCRH chain at a 52-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 QCRH shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $105.00 | $2.55 |
| Buy 1 | Call | $110.00 | $0.85 |
| Sell 1 | Put | $95.00 | $2.55 |
| Buy 1 | Put | $90.00 | $0.71 |
QCRH iron condor risk and reward
- Net Premium / Debit
- +$354.00
- Max Profit (per contract)
- $354.00
- Max Loss (per contract)
- -$146.00
- Breakeven(s)
- $91.46, $108.54
- Risk / Reward Ratio
- 2.425
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.
QCRH iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on QCRH. 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% | -$146.00 |
| $21.91 | -77.9% | -$146.00 |
| $43.81 | -55.8% | -$146.00 |
| $65.71 | -33.7% | -$146.00 |
| $87.62 | -11.6% | -$146.00 |
| $109.52 | +10.6% | -$97.80 |
| $131.42 | +32.7% | -$146.00 |
| $153.32 | +54.8% | -$146.00 |
| $175.22 | +76.9% | -$146.00 |
| $197.12 | +99.0% | -$146.00 |
When traders use iron condor on QCRH
Iron condors on QCRH are a delta-neutral premium-collection structure that profits if QCRH stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
QCRH thesis for this iron condor
The market-implied 1-standard-deviation range for QCRH extends from approximately $52.94 on the downside to $145.18 on the upside. A QCRH iron condor is a delta-neutral premium-collection structure that pays off when QCRH 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 QCRH IV rank near 30.41% is mid-range against its 1-year distribution, so the IV signal is neutral; the iron condor thesis on QCRH should anchor more to the directional view and the expected-move geometry. As a Financial Services name, QCRH options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to QCRH-specific events.
QCRH 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. QCRH positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move QCRH alongside the broader basket even when QCRH-specific fundamentals are unchanged. Short-premium structures like a iron condor on QCRH carry tail risk when realized volatility exceeds the implied move; review historical QCRH earnings reactions and macro stress periods before sizing. Always rebuild the position from current QCRH chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on QCRH?
- A iron condor on QCRH is the iron condor strategy applied to QCRH (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 QCRH stock at $99.06 on the September 29, 2026 close, the strikes shown on this page are snapped to the nearest listed QCRH chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are QCRH 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 QCRH iron condor priced from the September 29, 2026 end-of-day chain at a 30-day expiry (ATM IV 162.40%), the computed maximum profit is $354.00 per contract and the computed maximum loss is -$146.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a QCRH iron condor?
- The breakeven for the QCRH iron condor priced on this page is roughly $91.46 and $108.54 at expiration, derived from the September 29, 2026 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 QCRH market-implied 1-standard-deviation expected move in the same options snapshot is approximately 46.56%; 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 QCRH?
- Iron condors on QCRH are a delta-neutral premium-collection structure that profits if QCRH stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current QCRH implied volatility affect this iron condor?
- QCRH ATM IV is at 162.40% with IV rank near 30.41%, 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.