How are VSAT 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 VSAT iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 89.70%), the computed maximum profit is $315.00 per contract and the computed maximum loss is -$185.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a VSAT iron condor?

The breakeven for the VSAT iron condor priced on this page is roughly $81.85 and $98.15 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 VSAT market-implied 1-standard-deviation expected move is approximately 25.72%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current VSAT implied volatility affect this iron condor?

VSAT ATM IV is at 89.70% with IV rank near 48.82%, 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.

VSAT Iron Condor Strategy

VSAT (Viasat, Inc.), in the Technology sector, (Communication Equipment industry), listed on NASDAQ.

Viasat, Inc. is a global innovator in broadband and communications technology, delivering its products and services worldwide. The company's operations are divided into two main segments. Its Satellite Services division provides satellite-based internet access and voice-over-IP for homes and businesses, offers in-flight entertainment systems and aviation software to airlines, and delivers community internet services. It also supplies mobile broadband solutions for marine vessels such as offshore energy ships, cruise liners, ferries, and private yachts, along with specialized energy services featuring ultra-secure IP connectivity, optimized applications, IoT data integration, and advanced machine learning analytics. The Commercial Networks segment focuses on developing and supplying both fixed and mobile broadband satellite communication systems, including their core infrastructure and ground terminals. This division also produces a range of antenna systems for terrestrial and satellite uses, encompassing earth imaging, remote sensing, and multi-band satellite communications.

VSAT (Viasat, Inc.) trades in the Technology sector, specifically Communication Equipment, with a market capitalization of approximately $8.46B, a beta of 1.72 versus the broader market, a 52-week range of 14-89.79, average daily share volume of 2.2M, a public-listing history dating back to 1996, approximately 8K full-time employees. These structural characteristics shape how VSAT stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.72 indicates VSAT 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 VSAT?

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 VSAT snapshot

As of June 30, 2026, spot at $89.34, ATM IV 89.70%, IV rank 48.82%, expected move 25.72%. The iron condor on VSAT 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 VSAT specifically: VSAT IV at 89.70% is mid-range versus its 1-year history, so the credit collected on a VSAT iron condor sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 25.72% (roughly $22.97 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 VSAT expiries trade a higher absolute premium for lower per-day decay. Position sizing on VSAT should anchor to the underlying notional of $89.34 per share and to the trader's directional view on VSAT stock.

VSAT iron condor setup

The VSAT 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 VSAT near $89.34, the first option leg uses a $95.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed VSAT 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 VSAT shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Call	$95.00	$4.50
Buy 1	Call	$100.00	$3.18
Sell 1	Put	$85.00	$4.80
Buy 1	Put	$80.00	$2.98

VSAT iron condor risk and reward

Net Premium / Debit: +$315.00
Max Profit (per contract): $315.00
Max Loss (per contract): -$185.00
Breakeven(s): $81.85, $98.15
Risk / Reward Ratio: 1.703

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.

VSAT iron condor payoff curve

Modeled P&L at expiration across a range of underlying prices for the iron condor on VSAT. 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.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	-$185.00
$19.76	-77.9%	-$185.00
$39.51	-55.8%	-$185.00
$59.27	-33.7%	-$185.00
$79.02	-11.6%	-$185.00
$98.77	+10.6%	-$62.23
$118.52	+32.7%	-$185.00
$138.28	+54.8%	-$185.00
$158.03	+76.9%	-$185.00
$177.78	+99.0%	-$185.00

When traders use iron condor on VSAT

Iron condors on VSAT are a delta-neutral premium-collection structure that profits if VSAT stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.

VSAT thesis for this iron condor

The market-implied 1-standard-deviation range for VSAT extends from approximately $66.37 on the downside to $112.31 on the upside. A VSAT iron condor is a delta-neutral premium-collection structure that pays off when VSAT 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 VSAT IV rank near 48.82% is mid-range against its 1-year distribution, so the IV signal is neutral; the iron condor thesis on VSAT should anchor more to the directional view and the expected-move geometry. As a Technology name, VSAT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to VSAT-specific events.

VSAT 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. VSAT positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move VSAT alongside the broader basket even when VSAT-specific fundamentals are unchanged. Short-premium structures like a iron condor on VSAT carry tail risk when realized volatility exceeds the implied move; review historical VSAT earnings reactions and macro stress periods before sizing. Always rebuild the position from current VSAT chain quotes before placing a trade.

Frequently asked questions

What is a iron condor on VSAT?: A iron condor on VSAT is the iron condor strategy applied to VSAT (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 VSAT stock trading near $89.34, the strikes shown on this page are snapped to the nearest listed VSAT chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are VSAT 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 VSAT iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 89.70%), the computed maximum profit is $315.00 per contract and the computed maximum loss is -$185.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a VSAT iron condor?: The breakeven for the VSAT iron condor priced on this page is roughly $81.85 and $98.15 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 VSAT market-implied 1-standard-deviation expected move is approximately 25.72%; 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 VSAT?: Iron condors on VSAT are a delta-neutral premium-collection structure that profits if VSAT stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
How does current VSAT implied volatility affect this iron condor?: VSAT ATM IV is at 89.70% with IV rank near 48.82%, 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.