VOYG Iron Condor Strategy
VOYG (Voyager Technologies, Inc.), in the Industrials sector, (Aerospace & Defense industry), listed on NYSE.
Voyager Technologies, Inc. operates as a defense technology and space solutions company in the United States, Europe, the Middle East, and internationally. It operates through three segments: Defense & National Security, Space Solutions, and Starlab Space Stations. The Defense & National Security segment provides defense systems, including solid propulsion subsystems; signal intelligence systems; space-qualified radiation-hardened laser and radio frequency (RF) communications systems and advanced electro-optical and digital systems comprising transceivers, mission-data transmitters, and command and data handling systems; guidance, navigation, and control systems that include sun sensors, star trackers, and inertial measurement units; artificial intelligence-powered edge computing products; and space maneuver. Its Space Solutions segment offers advanced space technology systems, such as in-space propulsion systems with applications for orbital servicing, manufacturing, and deep space exploration; space infrastructure, including the Bishop Airlock, a module attached to the ISS that enables movement of equipment, supplies, and payloads between the ISS and open space; and space science and mission management services, such as the Space Acceleration Measurement System (SAMS) on the ISS. The Starlab Space Stations segment operates a commercial space station and provides continued permanent human presence in space. It serves defense, national security, and space industries.
VOYG (Voyager Technologies, Inc.) trades in the Industrials sector, specifically Aerospace & Defense, with a market capitalization of approximately $1.73B, a beta of 3.46 versus the broader market, a 52-week range of 17.41-52.4, average daily share volume of 2.3M, a public-listing history dating back to 2025, approximately 800 full-time employees. These structural characteristics shape how VOYG stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 3.46 indicates VOYG 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 VOYG?
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 VOYG snapshot
As of June 29, 2026, spot at $30.14, ATM IV 88.10%, IV rank 39.91%, expected move 25.26%. The iron condor on VOYG 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 18-day expiry.
Why this iron condor structure on VOYG specifically: VOYG IV at 88.10% is mid-range versus its 1-year history, so the credit collected on a VOYG iron condor sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 25.26% (roughly $7.61 on the underlying). The 18-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated VOYG expiries trade a higher absolute premium for lower per-day decay. Position sizing on VOYG should anchor to the underlying notional of $30.14 per share and to the trader's directional view on VOYG stock.
VOYG iron condor setup
The VOYG 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 VOYG near $30.14, the first option leg uses a $32.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed VOYG chain at a 18-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 VOYG shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $32.00 | $1.60 |
| Buy 1 | Call | $33.00 | $1.33 |
| Sell 1 | Put | $29.00 | $1.90 |
| Buy 1 | Put | $27.00 | $1.03 |
VOYG iron condor risk and reward
- Net Premium / Debit
- +$115.00
- Max Profit (per contract)
- $115.00
- Max Loss (per contract)
- -$85.00
- Breakeven(s)
- $27.85
- Risk / Reward Ratio
- 1.353
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.
VOYG iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on VOYG. 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% | -$85.00 |
| $6.67 | -77.9% | -$85.00 |
| $13.34 | -55.8% | -$85.00 |
| $20.00 | -33.6% | -$85.00 |
| $26.66 | -11.5% | -$85.00 |
| $33.33 | +10.6% | +$15.00 |
| $39.99 | +32.7% | +$15.00 |
| $46.65 | +54.8% | +$15.00 |
| $53.31 | +76.9% | +$15.00 |
| $59.98 | +99.0% | +$15.00 |
When traders use iron condor on VOYG
Iron condors on VOYG are a delta-neutral premium-collection structure that profits if VOYG stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
VOYG thesis for this iron condor
The market-implied 1-standard-deviation range for VOYG extends from approximately $22.53 on the downside to $37.75 on the upside. A VOYG iron condor is a delta-neutral premium-collection structure that pays off when VOYG 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 VOYG IV rank near 39.91% is mid-range against its 1-year distribution, so the IV signal is neutral; the iron condor thesis on VOYG should anchor more to the directional view and the expected-move geometry. As a Industrials name, VOYG options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to VOYG-specific events.
VOYG 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. VOYG positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move VOYG alongside the broader basket even when VOYG-specific fundamentals are unchanged. Short-premium structures like a iron condor on VOYG carry tail risk when realized volatility exceeds the implied move; review historical VOYG earnings reactions and macro stress periods before sizing. Always rebuild the position from current VOYG chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on VOYG?
- A iron condor on VOYG is the iron condor strategy applied to VOYG (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 VOYG stock trading near $30.14, the strikes shown on this page are snapped to the nearest listed VOYG chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are VOYG 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 VOYG iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 88.10%), the computed maximum profit is $115.00 per contract and the computed maximum loss is -$85.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a VOYG iron condor?
- The breakeven for the VOYG iron condor priced on this page is roughly $27.85 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 VOYG market-implied 1-standard-deviation expected move is approximately 25.26%; 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 VOYG?
- Iron condors on VOYG are a delta-neutral premium-collection structure that profits if VOYG stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current VOYG implied volatility affect this iron condor?
- VOYG ATM IV is at 88.10% with IV rank near 39.91%, 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.