TRU Iron Condor Strategy
TRU (TransUnion), in the Industrials sector, (Consulting Services industry), listed on NYSE.
TransUnion provides risk and information solutions. The company operates in three segments: U.S. Markets, International, and Consumer Interactive. The U.S. Markets segment provides consumer reports, actionable insights, and analytics to businesses. These businesses use its services to acquire new customers; assess consumer ability to pay for services; identify cross-selling opportunities; measure and manage debt portfolio risk; collect debt; verify consumer identities; and mitigate fraud risk.
TRU (TransUnion) trades in the Industrials sector, specifically Consulting Services, with a market capitalization of approximately $12.83B, a trailing P/E of 18.21, a beta of 1.57 versus the broader market, a 52-week range of 65.235-99.39, average daily share volume of 2.4M, a public-listing history dating back to 2015, approximately 13K full-time employees. These structural characteristics shape how TRU stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.57 indicates TRU has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. TRU pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a iron condor on TRU?
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 TRU snapshot
As of May 15, 2026, spot at $66.38, ATM IV 44.30%, IV rank 43.11%, expected move 12.70%. The iron condor on TRU 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 TRU specifically: TRU IV at 44.30% is mid-range versus its 1-year history, so the credit collected on a TRU iron condor sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 12.70% (roughly $8.43 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 TRU expiries trade a higher absolute premium for lower per-day decay. Position sizing on TRU should anchor to the underlying notional of $66.38 per share and to the trader's directional view on TRU stock.
TRU iron condor setup
The TRU 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 TRU near $66.38, 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 TRU 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 TRU shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $70.00 | $2.15 |
| Buy 1 | Call | $72.50 | $1.38 |
| Sell 1 | Put | $62.50 | $2.05 |
| Buy 1 | Put | $60.00 | $1.23 |
TRU iron condor risk and reward
- Net Premium / Debit
- +$160.00
- Max Profit (per contract)
- $160.00
- Max Loss (per contract)
- -$90.00
- Breakeven(s)
- $60.90, $71.60
- Risk / Reward Ratio
- 1.778
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.
TRU iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on TRU. 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% | -$90.00 |
| $14.69 | -77.9% | -$90.00 |
| $29.36 | -55.8% | -$90.00 |
| $44.04 | -33.7% | -$90.00 |
| $58.71 | -11.5% | -$90.00 |
| $73.39 | +10.6% | -$90.00 |
| $88.07 | +32.7% | -$90.00 |
| $102.74 | +54.8% | -$90.00 |
| $117.42 | +76.9% | -$90.00 |
| $132.09 | +99.0% | -$90.00 |
When traders use iron condor on TRU
Iron condors on TRU are a delta-neutral premium-collection structure that profits if TRU stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
TRU thesis for this iron condor
The market-implied 1-standard-deviation range for TRU extends from approximately $57.95 on the downside to $74.81 on the upside. A TRU iron condor is a delta-neutral premium-collection structure that pays off when TRU 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 TRU IV rank near 43.11% is mid-range against its 1-year distribution, so the IV signal is neutral; the iron condor thesis on TRU should anchor more to the directional view and the expected-move geometry. As a Industrials name, TRU options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to TRU-specific events.
TRU 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. TRU positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move TRU alongside the broader basket even when TRU-specific fundamentals are unchanged. Short-premium structures like a iron condor on TRU carry tail risk when realized volatility exceeds the implied move; review historical TRU earnings reactions and macro stress periods before sizing. Always rebuild the position from current TRU chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on TRU?
- A iron condor on TRU is the iron condor strategy applied to TRU (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 TRU stock trading near $66.38, the strikes shown on this page are snapped to the nearest listed TRU chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are TRU 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 TRU iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 44.30%), the computed maximum profit is $160.00 per contract and the computed maximum loss is -$90.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a TRU iron condor?
- The breakeven for the TRU iron condor priced on this page is roughly $60.90 and $71.60 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 TRU market-implied 1-standard-deviation expected move is approximately 12.70%; 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 TRU?
- Iron condors on TRU are a delta-neutral premium-collection structure that profits if TRU stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current TRU implied volatility affect this iron condor?
- TRU ATM IV is at 44.30% with IV rank near 43.11%, 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.