Iron Condor on Annovis Bio (ANVS)
An iron condor on Annovis Bio (ANVS) is a neutral / range-bound options strategy, anchored to ANVS's real 0.957 USD price as of 2026-10-26. See how it works, an illustrative strike setup, and max profit/loss/breakeven below — not a live option quote.
Last updated 2026-10-26 · Source: end-of-day close (real price); strikes illustrative, educational only — not a live option quote
How does an iron condor on ANVS work?
An iron condor on Annovis Bio sells an out-of-the-money call spread and an out-of-the-money put spread, profiting if ANVS stays between the short strikes into expiry. It is a defined-risk, range-bound strategy.
Outlook: neutral / range-bound. Real reference price: 0.957 USD (as of 2026-10-26).
How to set up the iron condor (illustrative)
| Leg | Detail (illustrative) |
|---|---|
| Sell | call illustratively ~1.0049 USD and buy call ~1.0527 USD (call spread) |
| Sell | put illustratively ~0.9091 USD and buy put ~0.8613 USD (put spread) |
Strikes are illustrative percentages of the real price, not live option quotes. Pick actual strikes and expiries from a broker's option chain.
Max profit, max loss and breakeven
| Max profit | the net credit received, kept in full if ANVS settles between ~0.9091 USD and ~1.0049 USD |
|---|---|
| Max loss | spread width − net credit (here the illustrative spread width is about 0.0478 USD) |
| Breakeven | short put strike − credit, and short call strike + credit |
When to use it — and the risks
When: When you expect ANVS to trade in a range with falling or stable volatility into expiry.
Risks: Losses occur on a large move beyond either short strike; defined-risk but the max loss can exceed the credit collected.
Related research pages
More on ANVS
Frequently asked questions
What is an iron condor on ANVS?
An iron condor on ANVS combines a short call spread above the market and a short put spread below it, collecting a net credit that's kept in full if price stays inside both spreads.
How do you set up an iron condor for ANVS?
Sell a call spread roughly 1.0049 USD-1.0527 USD and a put spread roughly 0.8613 USD-0.9091 USD, bracketing the current 0.957 USD price. Real strikes and widths should come from the live option chain.
What is the max profit and loss?
Max profit is the credit collected if ANVS stays between the short strikes; max loss is the spread width minus that credit if price breaks out either side.
When should you use an iron condor on ANVS?
Best when you expect ANVS to stay range-bound with falling or stable implied volatility into expiry — not ahead of an event likely to cause a big move.