RFIL Iron Condor Strategy
RFIL (RF Industries, Ltd.), in the Industrials sector, (Electrical Equipment & Parts industry), listed on NASDAQ.
Headquartered in San Diego, California, RF Industries, Ltd., established in 1979 and formerly known as Celltronics, Inc. until 1990, is a global enterprise that develops, produces, and markets interconnect products and systems across the United States, Canada, Mexico, and other international markets. The company's operations are divided into two primary segments. The RF Connector and Cable Assembly division focuses on designing, fabricating, and distributing coaxial connectors and integrated coaxial cable assemblies. Meanwhile, the Custom Cabling Manufacturing and Assembly segment specializes in engineering, manufacturing, marketing, and distributing custom copper and fiber optic cable assemblies, sophisticated hybrid fiber optic and power solution cables, energy-efficient cooling systems for wireless base stations and remote shelters, and bespoke pole-ready 5G small cell integrated enclosures. This segment further extends its offerings to include custom and standard cable assemblies, hybrid fiber optic power solutions, adapters, and electromechanical wiring harnesses for applications in communications, computing, local area networks, automotive, and medical fields. They also supply specialized cable assemblies and wiring harnesses to industrial, oilfield, instrumentation, and military clientele, alongside providing connectivity solutions to telecommunications and data communications distributors.
RFIL (RF Industries, Ltd.) trades in the Industrials sector, specifically Electrical Equipment & Parts, with a market capitalization of approximately $232.5M, a trailing P/E of 165.78, a beta of 1.32 versus the broader market, a 52-week range of 5.54-22.3, average daily share volume of 282K, a public-listing history dating back to 1994, approximately 302 full-time employees. These structural characteristics shape how RFIL stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.32 indicates RFIL has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. The trailing P/E of 165.78 is on the rich side, which tends to correlate with higher earnings-window IV expansion as the market debates whether forward growth supports the multiple.
What is a iron condor on RFIL?
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 RFIL snapshot
As of June 29, 2026, spot at $21.30, ATM IV 80.20%, IV rank 24.22%, expected move 22.99%. The iron condor on RFIL 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 RFIL specifically: RFIL IV at 80.20% is on the cheap side of its 1-year range, which means a premium-selling RFIL iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 22.99% (roughly $4.90 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 RFIL expiries trade a higher absolute premium for lower per-day decay. Position sizing on RFIL should anchor to the underlying notional of $21.30 per share and to the trader's directional view on RFIL stock.
RFIL iron condor setup
The RFIL 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 RFIL near $21.30, the first option leg uses a $22.37 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed RFIL 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 RFIL shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $22.37 | N/A |
| Buy 1 | Call | $23.43 | N/A |
| Sell 1 | Put | $20.24 | N/A |
| Buy 1 | Put | $19.17 | N/A |
RFIL 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.
RFIL iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on RFIL. 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 RFIL
Iron condors on RFIL are a delta-neutral premium-collection structure that profits if RFIL stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
RFIL thesis for this iron condor
The market-implied 1-standard-deviation range for RFIL extends from approximately $16.40 on the downside to $26.20 on the upside. A RFIL iron condor is a delta-neutral premium-collection structure that pays off when RFIL 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 RFIL IV rank near 24.22% 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 RFIL at 80.20%. As a Industrials name, RFIL options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to RFIL-specific events.
RFIL 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. RFIL positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move RFIL alongside the broader basket even when RFIL-specific fundamentals are unchanged. Short-premium structures like a iron condor on RFIL carry tail risk when realized volatility exceeds the implied move; review historical RFIL earnings reactions and macro stress periods before sizing. Always rebuild the position from current RFIL chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on RFIL?
- A iron condor on RFIL is the iron condor strategy applied to RFIL (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 RFIL stock trading near $21.30, the strikes shown on this page are snapped to the nearest listed RFIL chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are RFIL 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 RFIL iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 80.20%), 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 RFIL iron condor?
- The breakeven for the RFIL 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 RFIL market-implied 1-standard-deviation expected move is approximately 22.99%; 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 RFIL?
- Iron condors on RFIL are a delta-neutral premium-collection structure that profits if RFIL stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current RFIL implied volatility affect this iron condor?
- RFIL ATM IV is at 80.20% with IV rank near 24.22%, 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.