TII Iron Condor Strategy
TII (Titan Mining Corporation), in the Basic Materials sector, (Industrial Materials industry), listed on AMEX.
Titan Mining Corporation, a natural resource company, acquires, explores, develops, produces, and extracts mineral properties. The company explores for zinc and graphite, as well as iron-oxide copper gold deposits. Its principal asset is the Empire State Mine project covering an area of approximately 80,000 acres located in the Balmat Edwards mining district in northern New York. The company was formerly known as Triton Mining Corporation and changed its name to Titan Mining Corporation in November 2016. The company was incorporated in 2012 and is headquartered in Vancouver, Canada.
TII (Titan Mining Corporation) trades in the Basic Materials sector, specifically Industrial Materials, with a market capitalization of approximately $300.8M, a beta of -0.02 versus the broader market, a 52-week range of 0.4965-5.65, average daily share volume of 279K, a public-listing history dating back to 2021, approximately 140 full-time employees. These structural characteristics shape how TII stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of -0.02 indicates TII has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure.
What is a iron condor on TII?
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 TII snapshot
As of May 15, 2026, spot at $2.50, ATM IV 163.50%, IV rank 51.35%, expected move 46.87%. The iron condor on TII 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 TII specifically: TII IV at 163.50% is mid-range versus its 1-year history, so the credit collected on a TII iron condor sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 46.87% (roughly $1.17 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 TII expiries trade a higher absolute premium for lower per-day decay. Position sizing on TII should anchor to the underlying notional of $2.50 per share and to the trader's directional view on TII stock.
TII iron condor setup
The TII 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 TII near $2.50, the first option leg uses a $2.63 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed TII 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 TII shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $2.63 | N/A |
| Buy 1 | Call | $2.75 | N/A |
| Sell 1 | Put | $2.38 | N/A |
| Buy 1 | Put | $2.25 | N/A |
TII 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.
TII iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on TII. 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 TII
Iron condors on TII are a delta-neutral premium-collection structure that profits if TII stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
TII thesis for this iron condor
The market-implied 1-standard-deviation range for TII extends from approximately $1.33 on the downside to $3.67 on the upside. A TII iron condor is a delta-neutral premium-collection structure that pays off when TII 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 TII IV rank near 51.35% is mid-range against its 1-year distribution, so the IV signal is neutral; the iron condor thesis on TII should anchor more to the directional view and the expected-move geometry. As a Basic Materials name, TII options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to TII-specific events.
TII 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. TII positions also carry Basic Materials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move TII alongside the broader basket even when TII-specific fundamentals are unchanged. Short-premium structures like a iron condor on TII carry tail risk when realized volatility exceeds the implied move; review historical TII earnings reactions and macro stress periods before sizing. Always rebuild the position from current TII chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on TII?
- A iron condor on TII is the iron condor strategy applied to TII (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 TII stock trading near $2.50, the strikes shown on this page are snapped to the nearest listed TII chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are TII 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 TII iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 163.50%), 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 TII iron condor?
- The breakeven for the TII 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 TII market-implied 1-standard-deviation expected move is approximately 46.87%; 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 TII?
- Iron condors on TII are a delta-neutral premium-collection structure that profits if TII stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current TII implied volatility affect this iron condor?
- TII ATM IV is at 163.50% with IV rank near 51.35%, 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.