WIMI Iron Condor Strategy
WIMI (WiMi Hologram Cloud Inc.), in the Technology sector, (Software - Application industry), listed on NASDAQ.
WiMi Hologram Cloud Inc., established in 2015 and headquartered in Beijing, China, is a technology company specializing in augmented reality (AR) holographic products and services for the Chinese market. The company's operations are divided into three core segments: AR Advertising Services, AR Entertainment, and Semiconductor-Related Products and Services. Within its AR advertising division, WiMi delivers holographic advertising solutions. This includes specialized software that allows users to seamlessly integrate realistic or animated three-dimensional objects into video content. Furthermore, their online holographic AR advertising platform facilitates the embedding of AR commercials directly into films and television programs. For the entertainment sector, WiMi provides a range of holographic AR products.
WIMI (WiMi Hologram Cloud Inc.) trades in the Technology sector, specifically Software - Application, with a market capitalization of approximately $63.8M, a trailing P/E of 0.12, a beta of 0.37 versus the broader market, a 52-week range of 1.07-5.65, average daily share volume of 183K, a public-listing history dating back to 2020, approximately 86 full-time employees. These structural characteristics shape how WIMI stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.37 indicates WIMI has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. The trailing P/E of 0.12 is on the value side, where IV often compresses outside event windows because forward growth expectations are already discounted into the share price.
What is a iron condor on WIMI?
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.
WIMI snapshot
As of August 14, 2026, spot at $1.35, ATM IV 26.50%, IV rank 6.01%, expected move 7.60%. The iron condor on WIMI below is built from the 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 WIMI specifically: WIMI IV at 26.50% is on the cheap side of its 1-year range, which means a premium-selling WIMI iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 7.60% (roughly $0.10 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 WIMI expiries trade a higher absolute premium for lower per-day decay. Position sizing on WIMI should anchor to the underlying notional of $1.35 per share and to the trader's directional view on WIMI stock.
WIMI iron condor setup
The WIMI 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 WIMI at $1.35 on that close, the first option leg uses a $1.42 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed WIMI 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 WIMI shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Call | $1.42 | N/A |
| Buy 1 | Call | $1.49 | N/A |
| Sell 1 | Put | $1.28 | N/A |
| Buy 1 | Put | $1.22 | N/A |
WIMI 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.
WIMI iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor on WIMI. 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 WIMI
Iron condors on WIMI are a delta-neutral premium-collection structure that profits if WIMI stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
WIMI thesis for this iron condor
The market-implied 1-standard-deviation range for WIMI extends from approximately $1.25 on the downside to $1.45 on the upside. A WIMI iron condor is a delta-neutral premium-collection structure that pays off when WIMI 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 WIMI IV rank near 6.01% 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 WIMI at 26.50%. As a Technology name, WIMI options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to WIMI-specific events.
WIMI 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. WIMI positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move WIMI alongside the broader basket even when WIMI-specific fundamentals are unchanged. Short-premium structures like a iron condor on WIMI carry tail risk when realized volatility exceeds the implied move; review historical WIMI earnings reactions and macro stress periods before sizing. Always rebuild the position from current WIMI chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on WIMI?
- A iron condor on WIMI is the iron condor strategy applied to WIMI (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 WIMI stock at $1.35 on the most recent close, the strikes shown on this page are snapped to the nearest listed WIMI chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are WIMI 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 WIMI iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 26.50%), 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 WIMI iron condor?
- The breakeven for the WIMI iron condor priced on this page is no defined breakeven on the modeled curve at expiration, derived from the 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 WIMI market-implied 1-standard-deviation expected move in the same options snapshot is approximately 7.60%; 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 WIMI?
- Iron condors on WIMI are a delta-neutral premium-collection structure that profits if WIMI stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current WIMI implied volatility affect this iron condor?
- WIMI ATM IV is at 26.50% with IV rank near 6.01%, 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.