QUIK Iron Condor Strategy
QUIK (QuickLogic Corporation), in the Technology sector, (Semiconductors industry), listed on NASDAQ.
QuickLogic Corporation operates as a fabless semiconductor company. The company offers embedded FPGA intellectual property, low power, multicore semiconductor system-on-chips, discrete FPGAs, and AI software; and end-to-end artificial intelligence/machine learning solution with accurate sensor algorithms using AI technology. It also provides various products, such as software tools, and eFPGA IP enables the practical and efficient field programmability for aerospace and defense, consumer/industrial IoT, and consumer electronics markets. In addition, the company engages in the eFPGA IP Licensing business and associated professional services, consisting of development and integration of eFPGA technology into custom semiconductor solutions. Further, the company offers silicon products, such as EOS, QuickAI, ArcticLink III, PolarPro 3, PolarPro II, PolarPro, and Eclipse II products; Software as a Service (SaaS) subscriptions; and PASIC 3 and QuickRAM, as well as programming hardware and design software services. The company markets and sells its products to defense industrial base contractors, the U.S. government entities, system OEMs, and fabless semiconductor companies through a network of sales managers and distributors in North America, Europe, and the Asia Pacific.
QUIK (QuickLogic Corporation) trades in the Technology sector, specifically Semiconductors, with a market capitalization of approximately $328.4M, a beta of 1.17 versus the broader market, a 52-week range of 4.8-24.33, average daily share volume of 564K, a public-listing history dating back to 1999, approximately 54 full-time employees. These structural characteristics shape how QUIK stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.17 places QUIK 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 QUIK?
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 QUIK snapshot
As of June 30, 2026, spot at $19.83, ATM IV 100.60%, IV rank 29.51%, expected move 28.84%. The iron condor on QUIK 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 QUIK specifically: QUIK IV at 100.60% is on the cheap side of its 1-year range, which means a premium-selling QUIK iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 28.84% (roughly $5.72 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 QUIK expiries trade a higher absolute premium for lower per-day decay. Position sizing on QUIK should anchor to the underlying notional of $19.83 per share and to the trader's directional view on QUIK stock.
QUIK iron condor setup
The QUIK 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 QUIK near $19.83, the first option leg uses a $21.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed QUIK 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 QUIK shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $21.00 | $1.20 |
| Buy 1 | Call | $22.00 | $0.73 |
| Sell 1 | Put | $19.00 | $1.53 |
| Buy 1 | Put | $18.00 | $1.15 |
QUIK iron condor risk and reward
- Net Premium / Debit
- +$85.00
- Max Profit (per contract)
- $85.00
- Max Loss (per contract)
- -$15.00
- Breakeven(s)
- $18.15, $21.85
- Risk / Reward Ratio
- 5.667
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.
QUIK iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on QUIK. 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 | -99.9% | -$15.00 |
| $4.39 | -77.8% | -$15.00 |
| $8.78 | -55.7% | -$15.00 |
| $13.16 | -33.6% | -$15.00 |
| $17.54 | -11.5% | -$15.00 |
| $21.93 | +10.6% | -$7.71 |
| $26.31 | +32.7% | -$15.00 |
| $30.69 | +54.8% | -$15.00 |
| $35.08 | +76.9% | -$15.00 |
| $39.46 | +99.0% | -$15.00 |
When traders use iron condor on QUIK
Iron condors on QUIK are a delta-neutral premium-collection structure that profits if QUIK stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
QUIK thesis for this iron condor
The market-implied 1-standard-deviation range for QUIK extends from approximately $14.11 on the downside to $25.55 on the upside. A QUIK iron condor is a delta-neutral premium-collection structure that pays off when QUIK 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 QUIK IV rank near 29.51% 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 QUIK at 100.60%. As a Technology name, QUIK options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to QUIK-specific events.
QUIK 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. QUIK positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move QUIK alongside the broader basket even when QUIK-specific fundamentals are unchanged. Short-premium structures like a iron condor on QUIK carry tail risk when realized volatility exceeds the implied move; review historical QUIK earnings reactions and macro stress periods before sizing. Always rebuild the position from current QUIK chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on QUIK?
- A iron condor on QUIK is the iron condor strategy applied to QUIK (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 QUIK stock trading near $19.83, the strikes shown on this page are snapped to the nearest listed QUIK chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are QUIK 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 QUIK iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 100.60%), the computed maximum profit is $85.00 per contract and the computed maximum loss is -$15.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a QUIK iron condor?
- The breakeven for the QUIK iron condor priced on this page is roughly $18.15 and $21.85 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 QUIK market-implied 1-standard-deviation expected move is approximately 28.84%; 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 QUIK?
- Iron condors on QUIK are a delta-neutral premium-collection structure that profits if QUIK stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current QUIK implied volatility affect this iron condor?
- QUIK ATM IV is at 100.60% with IV rank near 29.51%, 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.