Iron Condor on Citius Oncology (CTOR)
An iron condor on Citius Oncology (CTOR) is a neutral / range-bound options strategy, anchored to CTOR's real 0.9175 USD price as of 2026-09-11. See how it works, an illustrative strike setup, and max profit/loss/breakeven below — not a live option quote.
Last updated 2026-09-11 · Source: FMP end-of-day close (real price); strikes illustrative, educational only — not a live option quote
How does an iron condor on CTOR work?
An iron condor on Citius Oncology sells an out-of-the-money call spread and an out-of-the-money put spread, profiting if CTOR stays between the short strikes into expiry. It is a defined-risk, range-bound strategy.
Outlook: neutral / range-bound. Real reference price: 0.9175 USD (as of 2026-09-11).
How to set up the iron condor (illustrative)
| Leg | Detail (illustrative) |
|---|---|
| Sell | call illustratively ~0.9634 USD and buy call ~1.0092 USD (call spread) |
| Sell | put illustratively ~0.8716 USD and buy put ~0.8257 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 CTOR settles between ~0.8716 USD and ~0.9634 USD |
|---|---|
| Max loss | spread width − net credit (here the illustrative spread width is about 0.0458 USD) |
| Breakeven | short put strike − credit, and short call strike + credit |
When to use it — and the risks
When: When you expect CTOR 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
Frequently asked questions
What is an iron condor on CTOR?
An iron condor on CTOR 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 CTOR?
Sell a call spread roughly 0.9634 USD-1.0092 USD and a put spread roughly 0.8257 USD-0.8716 USD, bracketing the current 0.9175 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 CTOR 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 CTOR?
Best when you expect CTOR to stay range-bound with falling or stable implied volatility into expiry — not ahead of an event likely to cause a big move.