VICR Iron Condor Strategy
VICR (Vicor Corporation), in the Technology sector, (Hardware, Equipment & Parts industry), listed on NASDAQ.
Vicor Corporation, along with its various subsidiaries, specializes in the conceptualization, manufacturing, and global distribution of modular power components and systems. These offerings are engineered to efficiently convert electrical power for a wide range of applications. The company operates internationally, serving markets across the United States, Europe, the Asia Pacific region, and beyond. Its product portfolio encompasses brick-format DC-DC converters, a selection of complementary components, and devices designed for managing input/output voltage and output power, in addition to vital electrical and mechanical accessories. Vicor also delivers custom-engineered power system solutions tailored to specific client requirements. The company caters to a diverse customer base, including independent manufacturers of electronic devices, original equipment manufacturers (OEMs), and their associated contract manufacturers.
VICR (Vicor Corporation) trades in the Technology sector, specifically Hardware, Equipment & Parts, with a market capitalization of approximately $10.25B, a trailing P/E of 71.50, a beta of 2.38 versus the broader market, a 52-week range of 45.44-382.65, average daily share volume of 870K, a public-listing history dating back to 1990, approximately 1K full-time employees. These structural characteristics shape how VICR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 2.38 indicates VICR 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 71.50 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. VICR pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a iron condor on VICR?
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.
VICR snapshot
As of August 14, 2026, spot at $233.37, ATM IV 80.80%, IV rank 33.49%, expected move 23.16%. The iron condor on VICR below is built from the August 14, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 35-day expiry.
Why this iron condor structure on VICR specifically: VICR IV at 80.80% is mid-range versus its 1-year history, so the credit collected on a VICR iron condor sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 23.16% (roughly $54.06 on the underlying). The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated VICR expiries trade a higher absolute premium for lower per-day decay. Position sizing on VICR should anchor to the underlying notional of $233.37 per share and to the trader's directional view on VICR stock.
VICR iron condor setup
The VICR iron condor below is built from the August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With VICR at $233.37 on that close, the first option leg uses a $250.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed VICR chain at a 35-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 VICR shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $250.00 | $15.90 |
| Buy 1 | Call | $260.00 | $13.75 |
| Sell 1 | Put | $220.00 | $17.50 |
| Buy 1 | Put | $210.00 | $13.20 |
VICR iron condor risk and reward
- Net Premium / Debit
- +$645.00
- Max Profit (per contract)
- $645.00
- Max Loss (per contract)
- -$355.00
- Breakeven(s)
- $213.55, $256.45
- Risk / Reward Ratio
- 1.817
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.
VICR iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on VICR. 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% | -$355.00 |
| $51.61 | -77.9% | -$355.00 |
| $103.21 | -55.8% | -$355.00 |
| $154.80 | -33.7% | -$355.00 |
| $206.40 | -11.6% | -$355.00 |
| $258.00 | +10.6% | -$155.15 |
| $309.60 | +32.7% | -$355.00 |
| $361.20 | +54.8% | -$355.00 |
| $412.80 | +76.9% | -$355.00 |
| $464.39 | +99.0% | -$355.00 |
When traders use iron condor on VICR
Iron condors on VICR are a delta-neutral premium-collection structure that profits if VICR stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
VICR thesis for this iron condor
The market-implied 1-standard-deviation range for VICR extends from approximately $179.31 on the downside to $287.43 on the upside. A VICR iron condor is a delta-neutral premium-collection structure that pays off when VICR 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 VICR IV rank near 33.49% is mid-range against its 1-year distribution, so the IV signal is neutral; the iron condor thesis on VICR should anchor more to the directional view and the expected-move geometry. As a Technology name, VICR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to VICR-specific events.
VICR 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. VICR positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move VICR alongside the broader basket even when VICR-specific fundamentals are unchanged. Short-premium structures like a iron condor on VICR carry tail risk when realized volatility exceeds the implied move; review historical VICR earnings reactions and macro stress periods before sizing. Always rebuild the position from current VICR chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on VICR?
- A iron condor on VICR is the iron condor strategy applied to VICR (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 VICR stock at $233.37 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed VICR chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are VICR 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 VICR iron condor priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 80.80%), the computed maximum profit is $645.00 per contract and the computed maximum loss is -$355.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a VICR iron condor?
- The breakeven for the VICR iron condor priced on this page is roughly $213.55 and $256.45 at expiration, derived from the August 14, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The VICR market-implied 1-standard-deviation expected move in the same options snapshot is approximately 23.16%; 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 VICR?
- Iron condors on VICR are a delta-neutral premium-collection structure that profits if VICR stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current VICR implied volatility affect this iron condor?
- VICR ATM IV is at 80.80% with IV rank near 33.49%, 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.