RAMP Iron Condor Strategy
RAMP (LiveRamp Holdings, Inc.), in the Technology sector, (Software - Infrastructure industry), listed on NYSE.
LiveRamp Holdings, Inc. operates as a technology enterprise, delivering sophisticated enterprise data connectivity solutions throughout the United States, Europe, and the Asia-Pacific region. Its product portfolio includes: RampID: A fundamental identifier focused on individuals. Safe Haven: A robust platform designed to empower businesses with data utilization. LiveRamp Data Marketplace: A key tool that facilitates the fluid integration of audience data from various proprietors within the broader marketing landscape. AbiliTec: A specialized platform for resolving offline identity discrepancies. LiveRamp serves a diverse clientele spanning numerous sectors, including finance, insurance, investment services, retail, automotive, telecommunications, high technology, consumer packaged goods, healthcare, travel, entertainment, non-profit organizations, and governmental bodies, among many others.
RAMP (LiveRamp Holdings, Inc.) trades in the Technology sector, specifically Software - Infrastructure, with a market capitalization of approximately $2.30B, a trailing P/E of 14.69, a beta of 1.27 versus the broader market, a 52-week range of 21.71-38.23, average daily share volume of 1.3M, a public-listing history dating back to 1983, approximately 1K full-time employees. These structural characteristics shape how RAMP stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.27 places RAMP roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. RAMP pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a iron condor on RAMP?
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.
RAMP snapshot
As of August 14, 2026, spot at $37.86, ATM IV 149.90%, IV rank 29.46%, expected move 42.98%. The iron condor on RAMP 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 RAMP specifically: RAMP IV at 149.90% is on the cheap side of its 1-year range, which means a premium-selling RAMP iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 42.98% (roughly $16.27 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 RAMP expiries trade a higher absolute premium for lower per-day decay. Position sizing on RAMP should anchor to the underlying notional of $37.86 per share and to the trader's directional view on RAMP stock.
RAMP iron condor setup
The RAMP 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 RAMP at $37.86 on that close, the first option leg uses a $39.75 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed RAMP 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 RAMP shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $39.75 | N/A |
| Buy 1 | Call | $41.65 | N/A |
| Sell 1 | Put | $35.97 | N/A |
| Buy 1 | Put | $34.07 | N/A |
RAMP 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.
RAMP iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on RAMP. 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 RAMP
Iron condors on RAMP are a delta-neutral premium-collection structure that profits if RAMP stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
RAMP thesis for this iron condor
The market-implied 1-standard-deviation range for RAMP extends from approximately $21.59 on the downside to $54.13 on the upside. A RAMP iron condor is a delta-neutral premium-collection structure that pays off when RAMP 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 RAMP IV rank near 29.46% 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 RAMP at 149.90%. As a Technology name, RAMP options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to RAMP-specific events.
RAMP 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. RAMP positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move RAMP alongside the broader basket even when RAMP-specific fundamentals are unchanged. Short-premium structures like a iron condor on RAMP carry tail risk when realized volatility exceeds the implied move; review historical RAMP earnings reactions and macro stress periods before sizing. Always rebuild the position from current RAMP chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on RAMP?
- A iron condor on RAMP is the iron condor strategy applied to RAMP (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 RAMP stock at $37.86 on the most recent close, the strikes shown on this page are snapped to the nearest listed RAMP chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are RAMP 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 RAMP iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 149.90%), 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 RAMP iron condor?
- The breakeven for the RAMP 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 RAMP market-implied 1-standard-deviation expected move in the same options snapshot is approximately 42.98%; 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 RAMP?
- Iron condors on RAMP are a delta-neutral premium-collection structure that profits if RAMP stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current RAMP implied volatility affect this iron condor?
- RAMP ATM IV is at 149.90% with IV rank near 29.46%, 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.