How are SEI 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 SEI iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 81.60%), the computed maximum profit is $262.50 per contract and the computed maximum loss is -$237.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a SEI iron condor?

The breakeven for the SEI iron condor priced on this page is roughly $74.88 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 SEI market-implied 1-standard-deviation expected move is approximately 23.39%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current SEI implied volatility affect this iron condor?

SEI ATM IV is at 81.60% with IV rank near 28.02%, 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.

SEI Iron Condor Strategy

SEI (Solaris Energy Infrastructure, Inc.), in the Energy sector, (Oil & Gas Equipment & Services industry), listed on NYSE.

Headquartered in Houston, Texas, and established in 2014, Solaris Energy Infrastructure, Inc. (which adopted its current name in September 2024, previously known as Solaris Oilfield Infrastructure, Inc.) serves the United States' oil and natural gas industry. The company engineers and produces specialized equipment for exploration and production firms, as well as oilfield service providers. Beyond manufacturing, Solaris delivers critical support services, including technician assistance, final-mile logistics, and mobilization solutions. Their operations also involve the transfer and secure storage of proppant and railcars at their dedicated transloading facility. Furthermore, Solaris innovates through technology development, offering Railtronix, an inventory management software, and pioneering all-electric equipment designed to automate the low-pressure stages of oil and gas well completion processes.

SEI (Solaris Energy Infrastructure, Inc.) trades in the Energy sector, specifically Oil & Gas Equipment & Services, with a market capitalization of approximately $5.51B, a trailing P/E of 86.56, a beta of 1.21 versus the broader market, a 52-week range of 24.57-86.19, average daily share volume of 2.4M, a public-listing history dating back to 2017, approximately 364 full-time employees. These structural characteristics shape how SEI stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.21 places SEI roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. The trailing P/E of 86.56 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. SEI pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a iron condor on SEI?

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 SEI snapshot

As of June 30, 2026, spot at $80.44, ATM IV 81.60%, IV rank 28.02%, expected move 23.39%. The iron condor on SEI 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 SEI specifically: SEI IV at 81.60% is on the cheap side of its 1-year range, which means a premium-selling SEI iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 23.39% (roughly $18.82 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 SEI expiries trade a higher absolute premium for lower per-day decay. Position sizing on SEI should anchor to the underlying notional of $80.44 per share and to the trader's directional view on SEI stock.

SEI iron condor setup

The SEI 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 SEI near $80.44, the first option leg uses a $85.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed SEI 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 SEI shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Call	$85.00	$3.90
Buy 1	Call	$87.50	$3.03
Sell 1	Put	$77.50	$4.10
Buy 1	Put	$72.50	$2.35

SEI iron condor risk and reward

Net Premium / Debit: +$262.50
Max Profit (per contract): $262.50
Max Loss (per contract): -$237.50
Breakeven(s): $74.88
Risk / Reward Ratio: 1.105

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.

SEI iron condor payoff curve

Modeled P&L at expiration across a range of underlying prices for the iron condor on SEI. 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.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	-$237.50
$17.79	-77.9%	-$237.50
$35.58	-55.8%	-$237.50
$53.36	-33.7%	-$237.50
$71.15	-11.6%	-$237.50
$88.93	+10.6%	+$12.50
$106.72	+32.7%	+$12.50
$124.50	+54.8%	+$12.50
$142.29	+76.9%	+$12.50
$160.07	+99.0%	+$12.50

When traders use iron condor on SEI

Iron condors on SEI are a delta-neutral premium-collection structure that profits if SEI stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.

SEI thesis for this iron condor

The market-implied 1-standard-deviation range for SEI extends from approximately $61.62 on the downside to $99.26 on the upside. A SEI iron condor is a delta-neutral premium-collection structure that pays off when SEI 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 SEI IV rank near 28.02% 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 SEI at 81.60%. As a Energy name, SEI options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to SEI-specific events.

SEI 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. SEI positions also carry Energy sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move SEI alongside the broader basket even when SEI-specific fundamentals are unchanged. Short-premium structures like a iron condor on SEI carry tail risk when realized volatility exceeds the implied move; review historical SEI earnings reactions and macro stress periods before sizing. Always rebuild the position from current SEI chain quotes before placing a trade.

Frequently asked questions

What is a iron condor on SEI?: A iron condor on SEI is the iron condor strategy applied to SEI (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 SEI stock trading near $80.44, the strikes shown on this page are snapped to the nearest listed SEI chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are SEI 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 SEI iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 81.60%), the computed maximum profit is $262.50 per contract and the computed maximum loss is -$237.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a SEI iron condor?: The breakeven for the SEI iron condor priced on this page is roughly $74.88 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 SEI market-implied 1-standard-deviation expected move is approximately 23.39%; 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 SEI?: Iron condors on SEI are a delta-neutral premium-collection structure that profits if SEI stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
How does current SEI implied volatility affect this iron condor?: SEI ATM IV is at 81.60% with IV rank near 28.02%, 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.