How are VSEC 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 VSEC iron condor priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 50.30%), the computed maximum profit is $975.00 per contract and the computed maximum loss is -$1,025.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a VSEC iron condor?

The breakeven for the VSEC iron condor priced on this page is roughly $219.56 and $259.75 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 VSEC market-implied 1-standard-deviation expected move in the same options snapshot is approximately 14.42%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current VSEC implied volatility affect this iron condor?

VSEC ATM IV is at 50.30% with IV rank near 33.58%, 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.

VSEC Iron Condor Strategy

VSEC (VSE Corporation), in the Industrials sector, (Aerospace & Defense industry), listed on NASDAQ.

VSE Corporation engages in providing aviation aftermarket parts distribution and maintenance, repair, and overhaul services for air transportation assets for commercial and government markets. It offers its services to global client base of commercial airlines, regional airlines, air cargo transporters, MRO integrators and providers, aviation manufacturers, corporate and private aircraft owners, and fixed-base operators. The company was incorporated in 1959 and is headquartered in Miramar, Florida.

VSEC (VSE Corporation) trades in the Industrials sector, specifically Aerospace & Defense, with a market capitalization of approximately $6.81B, a trailing P/E of 100.22, a beta of 1.23 versus the broader market, a 52-week range of 154.67-247.85, average daily share volume of 501K, a public-listing history dating back to 1982, approximately 2K full-time employees. These structural characteristics shape how VSEC stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.23 places VSEC roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. The trailing P/E of 100.22 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. VSEC pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a iron condor on VSEC?

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.

VSEC snapshot

As of August 14, 2026, spot at $242.31, ATM IV 50.30%, IV rank 33.58%, expected move 14.42%. The iron condor on VSEC 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 VSEC specifically: VSEC IV at 50.30% is mid-range versus its 1-year history, so the credit collected on a VSEC iron condor sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 14.42% (roughly $34.94 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 VSEC expiries trade a higher absolute premium for lower per-day decay. Position sizing on VSEC should anchor to the underlying notional of $242.31 per share and to the trader's directional view on VSEC stock.

VSEC iron condor setup

The VSEC 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 VSEC at $242.31 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 VSEC 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 VSEC shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Call	$250.00	$11.05
Buy 1	Call	$270.00	$4.85
Sell 1	Put	$230.00	$9.90
Buy 1	Put	$220.00	$6.35

VSEC iron condor risk and reward

Net Premium / Debit: +$975.00
Max Profit (per contract): $975.00
Max Loss (per contract): -$1,025.00
Breakeven(s): $219.56, $259.75
Risk / Reward Ratio: 0.951

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.

VSEC iron condor payoff curve

Modeled P&L at expiration across a range of underlying prices for the iron condor on VSEC. 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%	-$25.00
$53.58	-77.9%	-$25.00
$107.16	-55.8%	-$25.00
$160.73	-33.7%	-$25.00
$214.31	-11.6%	-$25.00
$267.88	+10.6%	-$813.49
$321.46	+32.7%	-$1,025.00
$375.03	+54.8%	-$1,025.00
$428.61	+76.9%	-$1,025.00
$482.18	+99.0%	-$1,025.00

When traders use iron condor on VSEC

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

VSEC thesis for this iron condor

The market-implied 1-standard-deviation range for VSEC extends from approximately $207.37 on the downside to $277.25 on the upside. A VSEC iron condor is a delta-neutral premium-collection structure that pays off when VSEC 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 VSEC IV rank near 33.58% is mid-range against its 1-year distribution, so the IV signal is neutral; the iron condor thesis on VSEC should anchor more to the directional view and the expected-move geometry. As a Industrials name, VSEC options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to VSEC-specific events.

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

Frequently asked questions

What is a iron condor on VSEC?: A iron condor on VSEC is the iron condor strategy applied to VSEC (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 VSEC stock at $242.31 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed VSEC chain strike and the premiums come straight from that session's bid/ask midpoint.
How are VSEC 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 VSEC iron condor priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 50.30%), the computed maximum profit is $975.00 per contract and the computed maximum loss is -$1,025.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a VSEC iron condor?: The breakeven for the VSEC iron condor priced on this page is roughly $219.56 and $259.75 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 VSEC market-implied 1-standard-deviation expected move in the same options snapshot is approximately 14.42%; 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 VSEC?: Iron condors on VSEC are a delta-neutral premium-collection structure that profits if VSEC stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
How does current VSEC implied volatility affect this iron condor?: VSEC ATM IV is at 50.30% with IV rank near 33.58%, 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.