SEIC Iron Condor Strategy
SEIC (SEI Investments Company), in the Financial Services sector, (Asset Management industry), listed on NASDAQ.
SEI Investments Company is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients. It provides its services to private banks, independent financial advisers, institutional investors, investment managers, investment advisors, wealth management organizations, corporations, retirement scheme sponsors, not-for-profit organizations, hedge fund managers, registered investment advisers, independent broker-dealers, financial planners, life insurance agents, defined-benefit schemes, defined-contribution schemes, endowments, foundations, and board-designated fund, through its subsidiaries. Through its subsidiaries, the firm manages separate client-focused portfolios. It also launches and manages equity, fixed income, and balanced mutual funds, through its subsidiaries. Through its subsidiaries, the firm invests in public equity and fixed income markets.
SEIC (SEI Investments Company) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $11.09B, a trailing P/E of 15.20, a beta of 1.00 versus the broader market, a 52-week range of 75.08-93.96, average daily share volume of 938K, a public-listing history dating back to 1981, approximately 5K full-time employees. These structural characteristics shape how SEIC stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.00 places SEIC roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. SEIC pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a iron condor on SEIC?
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 SEIC snapshot
As of May 15, 2026, spot at $90.80, ATM IV 25.90%, IV rank 2.74%, expected move 7.43%. The iron condor on SEIC 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 34-day expiry.
Why this iron condor structure on SEIC specifically: SEIC IV at 25.90% is on the cheap side of its 1-year range, which means a premium-selling SEIC iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 7.43% (roughly $6.74 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated SEIC expiries trade a higher absolute premium for lower per-day decay. Position sizing on SEIC should anchor to the underlying notional of $90.80 per share and to the trader's directional view on SEIC stock.
SEIC iron condor setup
The SEIC 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 SEIC near $90.80, the first option leg uses a $95.34 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed SEIC chain at a 34-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 SEIC shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $95.34 | N/A |
| Buy 1 | Call | $99.88 | N/A |
| Sell 1 | Put | $86.26 | N/A |
| Buy 1 | Put | $81.72 | N/A |
SEIC 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.
SEIC iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on SEIC. 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 SEIC
Iron condors on SEIC are a delta-neutral premium-collection structure that profits if SEIC stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
SEIC thesis for this iron condor
The market-implied 1-standard-deviation range for SEIC extends from approximately $84.06 on the downside to $97.54 on the upside. A SEIC iron condor is a delta-neutral premium-collection structure that pays off when SEIC 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 SEIC IV rank near 2.74% 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 SEIC at 25.90%. As a Financial Services name, SEIC options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to SEIC-specific events.
SEIC 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. SEIC positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move SEIC alongside the broader basket even when SEIC-specific fundamentals are unchanged. Short-premium structures like a iron condor on SEIC carry tail risk when realized volatility exceeds the implied move; review historical SEIC earnings reactions and macro stress periods before sizing. Always rebuild the position from current SEIC chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on SEIC?
- A iron condor on SEIC is the iron condor strategy applied to SEIC (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 SEIC stock trading near $90.80, the strikes shown on this page are snapped to the nearest listed SEIC chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are SEIC 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 SEIC iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 25.90%), 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 SEIC iron condor?
- The breakeven for the SEIC 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 SEIC market-implied 1-standard-deviation expected move is approximately 7.43%; 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 SEIC?
- Iron condors on SEIC are a delta-neutral premium-collection structure that profits if SEIC stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current SEIC implied volatility affect this iron condor?
- SEIC ATM IV is at 25.90% with IV rank near 2.74%, 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.