VCYT Iron Condor Strategy
VCYT (Veracyte, Inc.), in the Healthcare sector, (Medical - Diagnostics & Research industry), listed on NASDAQ.
Veracyte, Inc. operates as a diagnostics company in the United States and internationally. The company offers Afirma Genomic Sequencing Classifier for cancerous thyroid nodules; Decipher Prostate Genomic Classifiers for prostate cancer diagnosis; Decipher Bladder Genomic Classifier for bladder cancer diagnosis; Prosigna Breast Cancer Assay for breast cancer diagnosis; and Percepta Nasal Swab Test for lung cancer diagnosis. It also provides the nCounter analysis system services. The company was formerly known as Calderome, Inc. and changed its name to Veracyte, Inc. in March 2008. Veracyte, Inc. was incorporated in 2006 and is headquartered in South San Francisco, California.
VCYT (Veracyte, Inc.) trades in the Healthcare sector, specifically Medical - Diagnostics & Research, with a market capitalization of approximately $4.83B, a trailing P/E of 54.66, a beta of 1.98 versus the broader market, a 52-week range of 22.61-60.83, average daily share volume of 1.1M, a public-listing history dating back to 2013, approximately 755 full-time employees. These structural characteristics shape how VCYT stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.98 indicates VCYT has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. The trailing P/E of 54.66 is on the rich side, which tends to correlate with higher earnings-window IV expansion as the market debates whether forward growth supports the multiple.
What is a iron condor on VCYT?
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 VCYT snapshot
As of June 30, 2026, spot at $58.62, ATM IV 55.20%, IV rank 22.26%, expected move 15.83%. The iron condor on VCYT 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 VCYT specifically: VCYT IV at 55.20% is on the cheap side of its 1-year range, which means a premium-selling VCYT iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 15.83% (roughly $9.28 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 VCYT expiries trade a higher absolute premium for lower per-day decay. Position sizing on VCYT should anchor to the underlying notional of $58.62 per share and to the trader's directional view on VCYT stock.
VCYT iron condor setup
The VCYT 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 VCYT near $58.62, the first option leg uses a $61.55 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed VCYT 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 VCYT shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $61.55 | N/A |
| Buy 1 | Call | $64.48 | N/A |
| Sell 1 | Put | $55.69 | N/A |
| Buy 1 | Put | $52.76 | N/A |
VCYT 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.
VCYT iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on VCYT. 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 VCYT
Iron condors on VCYT are a delta-neutral premium-collection structure that profits if VCYT stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
VCYT thesis for this iron condor
The market-implied 1-standard-deviation range for VCYT extends from approximately $49.34 on the downside to $67.90 on the upside. A VCYT iron condor is a delta-neutral premium-collection structure that pays off when VCYT 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 VCYT IV rank near 22.26% 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 VCYT at 55.20%. As a Healthcare name, VCYT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to VCYT-specific events.
VCYT 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. VCYT positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move VCYT alongside the broader basket even when VCYT-specific fundamentals are unchanged. Short-premium structures like a iron condor on VCYT carry tail risk when realized volatility exceeds the implied move; review historical VCYT earnings reactions and macro stress periods before sizing. Always rebuild the position from current VCYT chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on VCYT?
- A iron condor on VCYT is the iron condor strategy applied to VCYT (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 VCYT stock trading near $58.62, the strikes shown on this page are snapped to the nearest listed VCYT chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are VCYT 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 VCYT iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 55.20%), 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 VCYT iron condor?
- The breakeven for the VCYT 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 VCYT market-implied 1-standard-deviation expected move is approximately 15.83%; 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 VCYT?
- Iron condors on VCYT are a delta-neutral premium-collection structure that profits if VCYT stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current VCYT implied volatility affect this iron condor?
- VCYT ATM IV is at 55.20% with IV rank near 22.26%, 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.