Iron Condor on Hoth Therapeutics (HOTH)
An iron condor on Hoth Therapeutics (HOTH) is a neutral / range-bound options strategy, anchored to HOTH's real 0.8256 USD price as of 2026-09-12. See how it works, an illustrative strike setup, and max profit/loss/breakeven below — not a live option quote.
Last updated 2026-09-12 · Source: FMP quote (real price); strikes illustrative, educational only — not a live option quote
How does an iron condor on HOTH work?
An iron condor on Hoth Therapeutics sells an out-of-the-money call spread and an out-of-the-money put spread, profiting if HOTH stays between the short strikes into expiry. It is a defined-risk, range-bound strategy.
Outlook: neutral / range-bound. Real reference price: 0.8256 USD (as of 2026-09-12).
How to set up the iron condor (illustrative)
| Leg | Detail (illustrative) |
|---|---|
| Sell | call illustratively ~0.8669 USD and buy call ~0.9082 USD (call spread) |
| Sell | put illustratively ~0.7843 USD and buy put ~0.743 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 HOTH settles between ~0.7843 USD and ~0.8669 USD |
|---|---|
| Max loss | spread width − net credit (here the illustrative spread width is about 0.0413 USD) |
| Breakeven | short put strike − credit, and short call strike + credit |
When to use it — and the risks
When: When you expect HOTH 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 HOTH?
An iron condor on HOTH 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 HOTH?
Sell a call spread roughly 0.8669 USD-0.9082 USD and a put spread roughly 0.743 USD-0.7843 USD, bracketing the current 0.8256 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 HOTH 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 HOTH?
Best when you expect HOTH to stay range-bound with falling or stable implied volatility into expiry — not ahead of an event likely to cause a big move.