Iron Condor on AEye (LIDR)
An iron condor on AEye (LIDR) is a neutral / range-bound options strategy, anchored to LIDR's real 0.9939 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 LIDR work?
An iron condor on AEye sells an out-of-the-money call spread and an out-of-the-money put spread, profiting if LIDR stays between the short strikes into expiry. It is a defined-risk, range-bound strategy.
Outlook: neutral / range-bound. Real reference price: 0.9939 USD (as of 2026-10-26).
How to set up the iron condor (illustrative)
| Leg | Detail (illustrative) |
|---|---|
| Sell | call illustratively ~1.0436 USD and buy call ~1.0933 USD (call spread) |
| Sell | put illustratively ~0.9442 USD and buy put ~0.8945 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 LIDR settles between ~0.9442 USD and ~1.0436 USD |
|---|---|
| Max loss | spread width − net credit (here the illustrative spread width is about 0.0497 USD) |
| Breakeven | short put strike − credit, and short call strike + credit |
When to use it — and the risks
When: When you expect LIDR 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 LIDR
Frequently asked questions
What is an iron condor on LIDR?
An iron condor on LIDR 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 LIDR?
Sell a call spread roughly 1.0436 USD-1.0933 USD and a put spread roughly 0.8945 USD-0.9442 USD, bracketing the current 0.9939 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 LIDR 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 LIDR?
Best when you expect LIDR to stay range-bound with falling or stable implied volatility into expiry — not ahead of an event likely to cause a big move.