How are TDOC 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 TDOC iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 77.27%), the computed maximum profit is $32.50 per contract and the computed maximum loss is -$17.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a TDOC iron condor?

The breakeven for the TDOC iron condor priced on this page is roughly $7.68 and $9.33 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 TDOC market-implied 1-standard-deviation expected move is approximately 22.15%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current TDOC implied volatility affect this iron condor?

TDOC ATM IV is at 77.27% with IV rank near 52.13%, 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.

TDOC Iron Condor Strategy

TDOC (Teladoc Health, Inc.), in the Healthcare sector, (Medical - Healthcare Information Services industry), listed on NYSE.

Teladoc Health, Inc. offers remote medical services to individuals both domestically in the United States and internationally. Their extensive range of solutions covers a wide array of health needs, from routine and acute conditions to complex and long-term illnesses such as diabetes, hypertension, chronic kidney disease, cancer, congestive heart failure, and various mental health issues. The company delivers numerous programs, including virtual primary and specialized medical care, management for chronic diseases, expert second opinion services, mental wellness support, and core platform and service offerings. They serve a diverse client base, including corporations, health insurance providers, hospitals and healthcare systems, financial service companies, and individual patients. The Teladoc, Livongo, and BetterHelp brands fall under their purview. Founded in 2002, the company, which operated as Teladoc, Inc. until its renaming in August 2018, is based in Purchase, New York.

TDOC (Teladoc Health, Inc.) trades in the Healthcare sector, specifically Medical - Healthcare Information Services, with a market capitalization of approximately $1.51B, a beta of 2.14 versus the broader market, a 52-week range of 4.4-9.77, average daily share volume of 4.7M, a public-listing history dating back to 2015, approximately 5K full-time employees. These structural characteristics shape how TDOC stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 2.14 indicates TDOC 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 TDOC?

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 TDOC snapshot

As of June 30, 2026, spot at $8.52, ATM IV 77.27%, IV rank 52.13%, expected move 22.15%. The iron condor on TDOC 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 31-day expiry.

Why this iron condor structure on TDOC specifically: TDOC IV at 77.27% is mid-range versus its 1-year history, so the credit collected on a TDOC iron condor sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 22.15% (roughly $1.89 on the underlying). The 31-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated TDOC expiries trade a higher absolute premium for lower per-day decay. Position sizing on TDOC should anchor to the underlying notional of $8.52 per share and to the trader's directional view on TDOC stock.

TDOC iron condor setup

The TDOC 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 TDOC near $8.52, the first option leg uses a $9.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed TDOC chain at a 31-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 TDOC shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Call	$9.00	$0.60
Buy 1	Call	$9.50	$0.46
Sell 1	Put	$8.00	$0.51
Buy 1	Put	$7.50	$0.33

TDOC iron condor risk and reward

Net Premium / Debit: +$32.50
Max Profit (per contract): $32.50
Max Loss (per contract): -$17.50
Breakeven(s): $7.68, $9.33
Risk / Reward Ratio: 1.857

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.

TDOC iron condor payoff curve

Modeled P&L at expiration across a range of underlying prices for the iron condor on TDOC. 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	-99.9%	-$17.50
$1.89	-77.8%	-$17.50
$3.78	-55.7%	-$17.50
$5.66	-33.6%	-$17.50
$7.54	-11.5%	-$13.41
$9.42	+10.6%	-$9.86
$11.31	+32.7%	-$17.50
$13.19	+54.8%	-$17.50
$15.07	+76.9%	-$17.50
$16.95	+99.0%	-$17.50

When traders use iron condor on TDOC

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

TDOC thesis for this iron condor

The market-implied 1-standard-deviation range for TDOC extends from approximately $6.63 on the downside to $10.41 on the upside. A TDOC iron condor is a delta-neutral premium-collection structure that pays off when TDOC 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 TDOC IV rank near 52.13% is mid-range against its 1-year distribution, so the IV signal is neutral; the iron condor thesis on TDOC should anchor more to the directional view and the expected-move geometry. As a Healthcare name, TDOC options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to TDOC-specific events.

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

Frequently asked questions

What is a iron condor on TDOC?: A iron condor on TDOC is the iron condor strategy applied to TDOC (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 TDOC stock trading near $8.52, the strikes shown on this page are snapped to the nearest listed TDOC chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are TDOC 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 TDOC iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 77.27%), the computed maximum profit is $32.50 per contract and the computed maximum loss is -$17.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a TDOC iron condor?: The breakeven for the TDOC iron condor priced on this page is roughly $7.68 and $9.33 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 TDOC market-implied 1-standard-deviation expected move is approximately 22.15%; 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 TDOC?: Iron condors on TDOC are a delta-neutral premium-collection structure that profits if TDOC stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
How does current TDOC implied volatility affect this iron condor?: TDOC ATM IV is at 77.27% with IV rank near 52.13%, 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.