Iron Condor on Intchains Group (ICG)
An iron condor on Intchains Group (ICG) is a neutral / range-bound options strategy, anchored to ICG's real 0.9699 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 ICG work?
An iron condor on Intchains Group sells an out-of-the-money call spread and an out-of-the-money put spread, profiting if ICG stays between the short strikes into expiry. It is a defined-risk, range-bound strategy.
Outlook: neutral / range-bound. Real reference price: 0.9699 USD (as of 2026-09-11).
How to set up the iron condor (illustrative)
| Leg | Detail (illustrative) |
|---|---|
| Sell | call illustratively ~1.0184 USD and buy call ~1.0669 USD (call spread) |
| Sell | put illustratively ~0.9214 USD and buy put ~0.8729 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 ICG settles between ~0.9214 USD and ~1.0184 USD |
|---|---|
| Max loss | spread width − net credit (here the illustrative spread width is about 0.0485 USD) |
| Breakeven | short put strike − credit, and short call strike + credit |
When to use it — and the risks
When: When you expect ICG 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 ICG?
An iron condor on ICG 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 ICG?
Sell a call spread roughly 1.0184 USD-1.0669 USD and a put spread roughly 0.8729 USD-0.9214 USD, bracketing the current 0.9699 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 ICG 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 ICG?
Best when you expect ICG to stay range-bound with falling or stable implied volatility into expiry — not ahead of an event likely to cause a big move.