REKR Iron Condor Strategy
REKR (Rekor Systems, Inc.), in the Technology sector, (Software - Infrastructure industry), listed on NASDAQ.
Rekor Systems, Inc. provides infrastructure solutions for public safety, urban mobility, and transportation management markets in the United States and internationally. The company offers Rekor One, a roadway intelligence engine; Rekor Command for transportation management; Rekor Discover for urban mobility; Rekor Scout for public safety; Rekor AutoNotice, cloud-based financial management application for contactless compliance; and Rekor CarCheck, an artificial intelligence (AI) based vehicle and license plate recognition technology. It also provides Rekor Edge Max, a fixed traffic data collection system that captures and transforms roadway data into holistic traffic insights; Rekor Edge Pro, a vehicle recognition solution that is used on a standalone basis or integrated into a network; and Rekor Edge Flex, a portable data collection system. In addition, the company provides traffic services, including traditional traffic studies for permanent and temporary traffic analytics projects; AI-driven traffic studies for traffic management; and traffic engineering services. Rekor Systems, Inc. was incorporated in 2017 and is headquartered in Columbia, Maryland.
REKR (Rekor Systems, Inc.) trades in the Technology sector, specifically Software - Infrastructure, with a market capitalization of approximately $84.7M, a beta of 1.82 versus the broader market, a 52-week range of 0.602-3.42, average daily share volume of 3.3M, a public-listing history dating back to 2017, approximately 322 full-time employees. These structural characteristics shape how REKR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.82 indicates REKR has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position.
What is a iron condor on REKR?
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 REKR snapshot
As of June 29, 2026, spot at $0.64, ATM IV 90.70%, IV rank 32.11%, expected move 26.00%. The iron condor on REKR 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 18-day expiry.
Why this iron condor structure on REKR specifically: REKR IV at 90.70% is mid-range versus its 1-year history, so the credit collected on a REKR iron condor sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 26.00% (roughly $0.17 on the underlying). The 18-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated REKR expiries trade a higher absolute premium for lower per-day decay. Position sizing on REKR should anchor to the underlying notional of $0.64 per share and to the trader's directional view on REKR stock.
REKR iron condor setup
The REKR 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 REKR near $0.64, the first option leg uses a $0.67 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed REKR chain at a 18-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 REKR shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $0.67 | N/A |
| Buy 1 | Call | $0.70 | N/A |
| Sell 1 | Put | $0.61 | N/A |
| Buy 1 | Put | $0.58 | N/A |
REKR 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.
REKR iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on REKR. 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 REKR
Iron condors on REKR are a delta-neutral premium-collection structure that profits if REKR stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
REKR thesis for this iron condor
The market-implied 1-standard-deviation range for REKR extends from approximately $0.47 on the downside to $0.81 on the upside. A REKR iron condor is a delta-neutral premium-collection structure that pays off when REKR 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 REKR IV rank near 32.11% is mid-range against its 1-year distribution, so the IV signal is neutral; the iron condor thesis on REKR should anchor more to the directional view and the expected-move geometry. As a Technology name, REKR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to REKR-specific events.
REKR 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. REKR positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move REKR alongside the broader basket even when REKR-specific fundamentals are unchanged. Short-premium structures like a iron condor on REKR carry tail risk when realized volatility exceeds the implied move; review historical REKR earnings reactions and macro stress periods before sizing. Always rebuild the position from current REKR chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on REKR?
- A iron condor on REKR is the iron condor strategy applied to REKR (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 REKR stock trading near $0.64, the strikes shown on this page are snapped to the nearest listed REKR chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are REKR 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 REKR iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 90.70%), 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 REKR iron condor?
- The breakeven for the REKR 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 REKR market-implied 1-standard-deviation expected move is approximately 26.00%; 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 REKR?
- Iron condors on REKR are a delta-neutral premium-collection structure that profits if REKR stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current REKR implied volatility affect this iron condor?
- REKR ATM IV is at 90.70% with IV rank near 32.11%, 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.