Iron Condor on Evogene (EVGN)
An iron condor on Evogene (EVGN) is a neutral / range-bound options strategy, anchored to EVGN's real 0.37 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 EVGN work?
An iron condor on Evogene sells an out-of-the-money call spread and an out-of-the-money put spread, profiting if EVGN stays between the short strikes into expiry. It is a defined-risk, range-bound strategy.
Outlook: neutral / range-bound. Real reference price: 0.37 USD (as of 2026-10-26).
How to set up the iron condor (illustrative)
| Leg | Detail (illustrative) |
|---|---|
| Sell | call illustratively ~0.3885 USD and buy call ~0.407 USD (call spread) |
| Sell | put illustratively ~0.3515 USD and buy put ~0.333 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 EVGN settles between ~0.3515 USD and ~0.3885 USD |
|---|---|
| Max loss | spread width − net credit (here the illustrative spread width is about 0.0185 USD) |
| Breakeven | short put strike − credit, and short call strike + credit |
When to use it — and the risks
When: When you expect EVGN 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 EVGN
Frequently asked questions
What is an iron condor on EVGN?
An iron condor on EVGN 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 EVGN?
Sell a call spread roughly 0.3885 USD-0.407 USD and a put spread roughly 0.333 USD-0.3515 USD, bracketing the current 0.37 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 EVGN 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 EVGN?
Best when you expect EVGN to stay range-bound with falling or stable implied volatility into expiry — not ahead of an event likely to cause a big move.