Iron Condor on Compass Therapeutics (CMPX)
An iron condor on Compass Therapeutics (CMPX) is a neutral / range-bound options strategy, anchored to CMPX's real 0.7472 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 CMPX work?
An iron condor on Compass Therapeutics sells an out-of-the-money call spread and an out-of-the-money put spread, profiting if CMPX stays between the short strikes into expiry. It is a defined-risk, range-bound strategy.
Outlook: neutral / range-bound. Real reference price: 0.7472 USD (as of 2026-10-26).
How to set up the iron condor (illustrative)
| Leg | Detail (illustrative) |
|---|---|
| Sell | call illustratively ~0.7846 USD and buy call ~0.8219 USD (call spread) |
| Sell | put illustratively ~0.7098 USD and buy put ~0.6725 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 CMPX settles between ~0.7098 USD and ~0.7846 USD |
|---|---|
| Max loss | spread width − net credit (here the illustrative spread width is about 0.0373 USD) |
| Breakeven | short put strike − credit, and short call strike + credit |
When to use it — and the risks
When: When you expect CMPX 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 CMPX
Frequently asked questions
What is an iron condor on CMPX?
An iron condor on CMPX 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 CMPX?
Sell a call spread roughly 0.7846 USD-0.8219 USD and a put spread roughly 0.6725 USD-0.7098 USD, bracketing the current 0.7472 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 CMPX 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 CMPX?
Best when you expect CMPX to stay range-bound with falling or stable implied volatility into expiry — not ahead of an event likely to cause a big move.