TTGT Iron Condor Strategy
TTGT (TechTarget, Inc.), in the Communication Services sector, (Internet Content & Information industry), listed on NASDAQ.
TechTarget, Inc. is a global provider of specialized marketing and sales solutions, specifically designed to drive significant business impact for business-to-business (B2B) technology companies. The company offers enterprise technology vendors marketing and sales services focused on purchase intent, along with developing customized marketing programs that integrate demand generation strategies, brand advertising techniques, and meticulous content curation and creation. Its extensive online service portfolio includes IT Deal Alert, which features the Priority Engine to identify qualified sales opportunities and provide valuable deal data. TechTarget also delivers various demand solutions such as white papers, webcasts, podcasts, videocasts, virtual trade shows, and content sponsorships. Branding capabilities encompass on-network, off-network, and microsite formats, complemented by bespoke content creation services. Additionally, its BrightTALK platform empowers clients to develop, host, and promote webinars, virtual events, and video content.
TTGT (TechTarget, Inc.) trades in the Communication Services sector, specifically Internet Content & Information, with a market capitalization of approximately $271.8M, a beta of 1.22 versus the broader market, a 52-week range of 3.41-9, average daily share volume of 513K, a public-listing history dating back to 2007, approximately 2K full-time employees. These structural characteristics shape how TTGT stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.22 places TTGT roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.
What is a iron condor on TTGT?
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 TTGT snapshot
As of June 30, 2026, spot at $3.59, ATM IV 25.70%, IV rank 1.13%, expected move 7.37%. The iron condor on TTGT 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 17-day expiry.
Why this iron condor structure on TTGT specifically: TTGT IV at 25.70% is on the cheap side of its 1-year range, which means a premium-selling TTGT iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 7.37% (roughly $0.26 on the underlying). The 17-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated TTGT expiries trade a higher absolute premium for lower per-day decay. Position sizing on TTGT should anchor to the underlying notional of $3.59 per share and to the trader's directional view on TTGT stock.
TTGT iron condor setup
The TTGT 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 TTGT near $3.59, the first option leg uses a $3.77 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed TTGT chain at a 17-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 TTGT shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $3.77 | N/A |
| Buy 1 | Call | $3.95 | N/A |
| Sell 1 | Put | $3.41 | N/A |
| Buy 1 | Put | $3.23 | N/A |
TTGT 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.
TTGT iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on TTGT. 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 TTGT
Iron condors on TTGT are a delta-neutral premium-collection structure that profits if TTGT stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
TTGT thesis for this iron condor
The market-implied 1-standard-deviation range for TTGT extends from approximately $3.33 on the downside to $3.85 on the upside. A TTGT iron condor is a delta-neutral premium-collection structure that pays off when TTGT 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 TTGT IV rank near 1.13% 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 TTGT at 25.70%. As a Communication Services name, TTGT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to TTGT-specific events.
TTGT 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. TTGT positions also carry Communication Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move TTGT alongside the broader basket even when TTGT-specific fundamentals are unchanged. Short-premium structures like a iron condor on TTGT carry tail risk when realized volatility exceeds the implied move; review historical TTGT earnings reactions and macro stress periods before sizing. Always rebuild the position from current TTGT chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on TTGT?
- A iron condor on TTGT is the iron condor strategy applied to TTGT (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 TTGT stock trading near $3.59, the strikes shown on this page are snapped to the nearest listed TTGT chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are TTGT 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 TTGT iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 25.70%), 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 TTGT iron condor?
- The breakeven for the TTGT 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 TTGT market-implied 1-standard-deviation expected move is approximately 7.37%; 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 TTGT?
- Iron condors on TTGT are a delta-neutral premium-collection structure that profits if TTGT stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current TTGT implied volatility affect this iron condor?
- TTGT ATM IV is at 25.70% with IV rank near 1.13%, 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.