Iron Condor on Hyperfine (HYPR)
An iron condor on Hyperfine (HYPR) is a neutral / range-bound options strategy, anchored to HYPR's real 0.7232 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 HYPR work?
An iron condor on Hyperfine sells an out-of-the-money call spread and an out-of-the-money put spread, profiting if HYPR stays between the short strikes into expiry. It is a defined-risk, range-bound strategy.
Outlook: neutral / range-bound. Real reference price: 0.7232 USD (as of 2026-10-26).
How to set up the iron condor (illustrative)
| Leg | Detail (illustrative) |
|---|---|
| Sell | call illustratively ~0.7594 USD and buy call ~0.7955 USD (call spread) |
| Sell | put illustratively ~0.687 USD and buy put ~0.6509 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 HYPR settles between ~0.687 USD and ~0.7594 USD |
|---|---|
| Max loss | spread width − net credit (here the illustrative spread width is about 0.0361 USD) |
| Breakeven | short put strike − credit, and short call strike + credit |
When to use it — and the risks
When: When you expect HYPR 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 HYPR
Frequently asked questions
What is an iron condor on HYPR?
An iron condor on HYPR 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 HYPR?
Sell a call spread roughly 0.7594 USD-0.7955 USD and a put spread roughly 0.6509 USD-0.687 USD, bracketing the current 0.7232 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 HYPR 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 HYPR?
Best when you expect HYPR to stay range-bound with falling or stable implied volatility into expiry — not ahead of an event likely to cause a big move.