SSNC Iron Condor Strategy
SSNC (SS&C Technologies Holdings, Inc.), in the Technology sector, (Software - Application industry), listed on NASDAQ.
SS&C Technologies Holdings, Inc., together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions include portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions comprising claims adjudication, benefit management, care management, and business intelligence solutions. Its products and services allow professionals in the financial services and healthcare industries to automate complex business processes and are instrumental in helping its clients to manage information processing requirements. The company's software-enabled services include SS&C GlobeOp, Global Investor and Distribution Solutions, SS&C Retirement Solutions, Black Diamond Wealth Platform, Bluedoor, Advent Outsourcing Services, Advent Data Solutions, ALPS Advisors, and Virtual Data Rooms, as well as pharmacy, healthcare administration, and health outcomes optimization solutions. Its software products comprise portfolio/investment accounting and analytics software, portfolio management software, trading software, digital process automation product suite, and banking and lending solutions, as well as research, analytics, risk, and training solutions. The company also provides professional services, including consulting and implementation services to assist clients; and product support services.
SSNC (SS&C Technologies Holdings, Inc.) trades in the Technology sector, specifically Software - Application, with a market capitalization of approximately $15.60B, a trailing P/E of 19.31, a beta of 1.12 versus the broader market, a 52-week range of 64.6-91.07, average daily share volume of 2.6M, a public-listing history dating back to 2010, approximately 27K full-time employees. These structural characteristics shape how SSNC stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.12 places SSNC roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. SSNC pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a iron condor on SSNC?
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 SSNC snapshot
As of May 15, 2026, spot at $64.86, ATM IV 33.60%, IV rank 7.39%, expected move 9.63%. The iron condor on SSNC 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 217-day expiry.
Why this iron condor structure on SSNC specifically: SSNC IV at 33.60% is on the cheap side of its 1-year range, which means a premium-selling SSNC iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 9.63% (roughly $6.25 on the underlying). The 217-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated SSNC expiries trade a higher absolute premium for lower per-day decay. Position sizing on SSNC should anchor to the underlying notional of $64.86 per share and to the trader's directional view on SSNC stock.
SSNC iron condor setup
The SSNC 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 SSNC near $64.86, the first option leg uses a $70.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed SSNC chain at a 217-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 SSNC shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $70.00 | $5.20 |
| Buy 1 | Call | $70.00 | $5.20 |
| Sell 1 | Put | $60.00 | $4.08 |
| Buy 1 | Put | $60.00 | $4.08 |
SSNC iron condor risk and reward
- Net Premium / Debit
- $0.00
- Max Profit (per contract)
- $0.00
- Max Loss (per contract)
- $0.00
- 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.
SSNC iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on SSNC. 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.
| Underlying Price | % From Spot | P&L at Expiration |
|---|---|---|
| $0.01 | -100.0% | $0.00 |
| $14.35 | -77.9% | $0.00 |
| $28.69 | -55.8% | $0.00 |
| $43.03 | -33.7% | $0.00 |
| $57.37 | -11.5% | $0.00 |
| $71.71 | +10.6% | $0.00 |
| $86.05 | +32.7% | $0.00 |
| $100.39 | +54.8% | $0.00 |
| $114.73 | +76.9% | $0.00 |
| $129.07 | +99.0% | $0.00 |
When traders use iron condor on SSNC
Iron condors on SSNC are a delta-neutral premium-collection structure that profits if SSNC stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
SSNC thesis for this iron condor
The market-implied 1-standard-deviation range for SSNC extends from approximately $58.61 on the downside to $71.11 on the upside. A SSNC iron condor is a delta-neutral premium-collection structure that pays off when SSNC 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 SSNC IV rank near 7.39% 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 SSNC at 33.60%. As a Technology name, SSNC options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to SSNC-specific events.
SSNC 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. SSNC positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move SSNC alongside the broader basket even when SSNC-specific fundamentals are unchanged. Short-premium structures like a iron condor on SSNC carry tail risk when realized volatility exceeds the implied move; review historical SSNC earnings reactions and macro stress periods before sizing. Always rebuild the position from current SSNC chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on SSNC?
- A iron condor on SSNC is the iron condor strategy applied to SSNC (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 SSNC stock trading near $64.86, the strikes shown on this page are snapped to the nearest listed SSNC chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are SSNC 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 SSNC iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 33.60%), the computed maximum profit is $0.00 per contract and the computed maximum loss is $0.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a SSNC iron condor?
- The breakeven for the SSNC 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 SSNC market-implied 1-standard-deviation expected move is approximately 9.63%; 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 SSNC?
- Iron condors on SSNC are a delta-neutral premium-collection structure that profits if SSNC stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current SSNC implied volatility affect this iron condor?
- SSNC ATM IV is at 33.60% with IV rank near 7.39%, 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.