UUUU Iron Condor Strategy
UUUU (Energy Fuels Inc.), in the Energy sector, (Uranium industry), listed on AMEX.
Energy Fuels Inc., together with its subsidiaries, engages in the extraction, recovery, exploration, and sale of conventional and in situ uranium recovery in the United States. The company owns and operates the Nichols Ranch project, the Jane Dough property, and the Hank project located in Wyoming; and the Alta Mesa project located in Texas, as well as White Mesa Mill in Utah. It also holds interests in uranium and uranium/vanadium properties and projects in various stages of exploration, permitting, and evaluation located in Utah, Wyoming, Arizona, New Mexico, and Colorado. The company was formerly known as Volcanic Metals Exploration Inc. and changed its name to Energy Fuels Inc. in May 2006. Energy Fuels Inc. was incorporated in 1987 and is headquartered in Lakewood, Colorado.
UUUU (Energy Fuels Inc.) trades in the Energy sector, specifically Uranium, with a market capitalization of approximately $5.04B, a beta of 1.61 versus the broader market, a 52-week range of 4.2-27.9, average daily share volume of 11.7M, a public-listing history dating back to 2007, approximately 1K full-time employees. These structural characteristics shape how UUUU stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.61 indicates UUUU 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 UUUU?
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 UUUU snapshot
As of May 15, 2026, spot at $18.42, ATM IV 87.74%, IV rank 20.91%, expected move 25.15%. The iron condor on UUUU 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 UUUU specifically: UUUU IV at 87.74% is on the cheap side of its 1-year range, which means a premium-selling UUUU iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 25.15% (roughly $4.63 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 UUUU expiries trade a higher absolute premium for lower per-day decay. Position sizing on UUUU should anchor to the underlying notional of $18.42 per share and to the trader's directional view on UUUU stock.
UUUU iron condor setup
The UUUU 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 UUUU near $18.42, the first option leg uses a $19.50 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed UUUU 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 UUUU shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $19.50 | $1.47 |
| Buy 1 | Call | $20.50 | $1.12 |
| Sell 1 | Put | $17.50 | $1.27 |
| Buy 1 | Put | $16.50 | $0.87 |
UUUU iron condor risk and reward
- Net Premium / Debit
- +$75.00
- Max Profit (per contract)
- $75.00
- Max Loss (per contract)
- -$25.00
- Breakeven(s)
- $16.75, $20.25
- Risk / Reward Ratio
- 3.000
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.
UUUU iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on UUUU. 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% | -$25.00 |
| $4.08 | -77.8% | -$25.00 |
| $8.15 | -55.7% | -$25.00 |
| $12.22 | -33.6% | -$25.00 |
| $16.30 | -11.5% | -$25.00 |
| $20.37 | +10.6% | -$11.83 |
| $24.44 | +32.7% | -$25.00 |
| $28.51 | +54.8% | -$25.00 |
| $32.58 | +76.9% | -$25.00 |
| $36.65 | +99.0% | -$25.00 |
When traders use iron condor on UUUU
Iron condors on UUUU are a delta-neutral premium-collection structure that profits if UUUU stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
UUUU thesis for this iron condor
The market-implied 1-standard-deviation range for UUUU extends from approximately $13.79 on the downside to $23.05 on the upside. A UUUU iron condor is a delta-neutral premium-collection structure that pays off when UUUU 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 UUUU IV rank near 20.91% 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 UUUU at 87.74%. As a Energy name, UUUU options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to UUUU-specific events.
UUUU 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. UUUU positions also carry Energy sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move UUUU alongside the broader basket even when UUUU-specific fundamentals are unchanged. Short-premium structures like a iron condor on UUUU carry tail risk when realized volatility exceeds the implied move; review historical UUUU earnings reactions and macro stress periods before sizing. Always rebuild the position from current UUUU chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on UUUU?
- A iron condor on UUUU is the iron condor strategy applied to UUUU (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 UUUU stock trading near $18.42, the strikes shown on this page are snapped to the nearest listed UUUU chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are UUUU 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 UUUU iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 87.74%), the computed maximum profit is $75.00 per contract and the computed maximum loss is -$25.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a UUUU iron condor?
- The breakeven for the UUUU iron condor priced on this page is roughly $16.75 and $20.25 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 UUUU market-implied 1-standard-deviation expected move is approximately 25.15%; 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 UUUU?
- Iron condors on UUUU are a delta-neutral premium-collection structure that profits if UUUU stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current UUUU implied volatility affect this iron condor?
- UUUU ATM IV is at 87.74% with IV rank near 20.91%, 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.