UEC Iron Condor Strategy
UEC (Uranium Energy Corp.), in the Energy sector, (Uranium industry), listed on AMEX.
Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Slick Rock project in Colorado; Reno Creek project in Wyoming; Diabase project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay. The company was formerly known as Carlin Gold Inc. and changed its name to Uranium Energy Corp. in January 2005. Uranium Energy Corp. was incorporated in 2003 and is based in Corpus Christi, Texas.
UEC (Uranium Energy Corp.) trades in the Energy sector, specifically Uranium, with a market capitalization of approximately $7.53B, a beta of 1.18 versus the broader market, a 52-week range of 5.03-20.34, average daily share volume of 9.2M, a public-listing history dating back to 2007, approximately 94 full-time employees. These structural characteristics shape how UEC stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.18 places UEC 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 UEC?
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 UEC snapshot
As of May 15, 2026, spot at $13.77, ATM IV 86.47%, IV rank 54.27%, expected move 24.79%. The iron condor on UEC 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 28-day expiry.
Why this iron condor structure on UEC specifically: UEC IV at 86.47% is mid-range versus its 1-year history, so the credit collected on a UEC iron condor sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 24.79% (roughly $3.41 on the underlying). The 28-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated UEC expiries trade a higher absolute premium for lower per-day decay. Position sizing on UEC should anchor to the underlying notional of $13.77 per share and to the trader's directional view on UEC stock.
UEC iron condor setup
The UEC 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 UEC near $13.77, the first option leg uses a $14.50 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed UEC chain at a 28-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 UEC shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $14.50 | $1.10 |
| Buy 1 | Call | $15.00 | $0.79 |
| Sell 1 | Put | $13.00 | $0.88 |
| Buy 1 | Put | $12.50 | $0.68 |
UEC iron condor risk and reward
- Net Premium / Debit
- +$50.50
- Max Profit (per contract)
- $50.50
- Max Loss (per contract)
- $0.50
- Breakeven(s)
- None on modeled curve
- Risk / Reward Ratio
- 101.000
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.
UEC iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on UEC. 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 | -99.9% | +$0.50 |
| $3.05 | -77.8% | +$0.50 |
| $6.10 | -55.7% | +$0.50 |
| $9.14 | -33.6% | +$0.50 |
| $12.18 | -11.5% | +$0.50 |
| $15.23 | +10.6% | +$0.50 |
| $18.27 | +32.7% | +$0.50 |
| $21.31 | +54.8% | +$0.50 |
| $24.36 | +76.9% | +$0.50 |
| $27.40 | +99.0% | +$0.50 |
When traders use iron condor on UEC
Iron condors on UEC are a delta-neutral premium-collection structure that profits if UEC stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
UEC thesis for this iron condor
The market-implied 1-standard-deviation range for UEC extends from approximately $10.36 on the downside to $17.18 on the upside. A UEC iron condor is a delta-neutral premium-collection structure that pays off when UEC 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 UEC IV rank near 54.27% is mid-range against its 1-year distribution, so the IV signal is neutral; the iron condor thesis on UEC should anchor more to the directional view and the expected-move geometry. As a Energy name, UEC options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to UEC-specific events.
UEC 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. UEC positions also carry Energy sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move UEC alongside the broader basket even when UEC-specific fundamentals are unchanged. Short-premium structures like a iron condor on UEC carry tail risk when realized volatility exceeds the implied move; review historical UEC earnings reactions and macro stress periods before sizing. Always rebuild the position from current UEC chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on UEC?
- A iron condor on UEC is the iron condor strategy applied to UEC (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 UEC stock trading near $13.77, the strikes shown on this page are snapped to the nearest listed UEC chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are UEC 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 UEC iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 86.47%), the computed maximum profit is $50.50 per contract and the computed maximum loss is $0.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a UEC iron condor?
- The breakeven for the UEC 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 UEC market-implied 1-standard-deviation expected move is approximately 24.79%; 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 UEC?
- Iron condors on UEC are a delta-neutral premium-collection structure that profits if UEC stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current UEC implied volatility affect this iron condor?
- UEC ATM IV is at 86.47% with IV rank near 54.27%, 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.