Iron Condor on CBAK Energy Technology (CBAT)
An iron condor on CBAK Energy Technology (CBAT) is a neutral / range-bound options strategy, anchored to CBAT's real 0.8381 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 CBAT work?
An iron condor on CBAK Energy Technology sells an out-of-the-money call spread and an out-of-the-money put spread, profiting if CBAT stays between the short strikes into expiry. It is a defined-risk, range-bound strategy.
Outlook: neutral / range-bound. Real reference price: 0.8381 USD (as of 2026-10-26).
How to set up the iron condor (illustrative)
| Leg | Detail (illustrative) |
|---|---|
| Sell | call illustratively ~0.88 USD and buy call ~0.9219 USD (call spread) |
| Sell | put illustratively ~0.7962 USD and buy put ~0.7543 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 CBAT settles between ~0.7962 USD and ~0.88 USD |
|---|---|
| Max loss | spread width − net credit (here the illustrative spread width is about 0.0419 USD) |
| Breakeven | short put strike − credit, and short call strike + credit |
When to use it — and the risks
When: When you expect CBAT 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 CBAT
Frequently asked questions
What is an iron condor on CBAT?
An iron condor on CBAT 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 CBAT?
Sell a call spread roughly 0.88 USD-0.9219 USD and a put spread roughly 0.7543 USD-0.7962 USD, bracketing the current 0.8381 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 CBAT 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 CBAT?
Best when you expect CBAT to stay range-bound with falling or stable implied volatility into expiry — not ahead of an event likely to cause a big move.