Iron Condor on Dyadic International (DYAI)
An iron condor on Dyadic International (DYAI) is a neutral / range-bound options strategy, anchored to DYAI's real 0.416 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 DYAI work?
An iron condor on Dyadic International sells an out-of-the-money call spread and an out-of-the-money put spread, profiting if DYAI stays between the short strikes into expiry. It is a defined-risk, range-bound strategy.
Outlook: neutral / range-bound. Real reference price: 0.416 USD (as of 2026-10-26).
How to set up the iron condor (illustrative)
| Leg | Detail (illustrative) |
|---|---|
| Sell | call illustratively ~0.4368 USD and buy call ~0.4576 USD (call spread) |
| Sell | put illustratively ~0.3952 USD and buy put ~0.3744 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 DYAI settles between ~0.3952 USD and ~0.4368 USD |
|---|---|
| Max loss | spread width − net credit (here the illustrative spread width is about 0.0208 USD) |
| Breakeven | short put strike − credit, and short call strike + credit |
When to use it — and the risks
When: When you expect DYAI 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 DYAI
Frequently asked questions
What is an iron condor on DYAI?
An iron condor on DYAI 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 DYAI?
Sell a call spread roughly 0.4368 USD-0.4576 USD and a put spread roughly 0.3744 USD-0.3952 USD, bracketing the current 0.416 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 DYAI 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 DYAI?
Best when you expect DYAI to stay range-bound with falling or stable implied volatility into expiry — not ahead of an event likely to cause a big move.