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Barchart highlights iron condor option setups for AMZN and PLTR
The strategy described for Amazon’s August 28 expiry centers on a $255/$240 put spread and $300/$315 call spread, priced at $1.40, implying a max profit of 10.3% and a 20.0% loss probability.
Traders looking for a neutral, range-bound options position got a fresh set of potential iron condor setups highlighted by Yahoo Finance, based on a scanner that looks for stocks with relatively elevated implied volatility.
For Amazon, the example uses an August 28 expiry with puts at $255 and $240, and calls at $300 and $315. The condor is priced at $1.40, which would pay $140 in premium, with maximum potential risk capped at $1,360.
Yahoo Finance also outlined a Palantir Technologies iron condor for the same August 28 expiry, using a $160/$150 put spread and a $220/$230 call spread. For that structure, the maximum profit potential is $135, maximum risk is $865, the loss probability is 20.0%, and the profit zone is shown as $158.65 to $221.35, according to the same setup details.
The piece additionally cites volatility context for Amazon, including an IV Percentile of 30% and an IV Rank of 26.78%, noting implied volatility of 30.22% versus a 52-week high of 50.10% and low of 22.95%.