Iron Condor on Lucid Diagnostics (LUCD)
An iron condor on Lucid Diagnostics (LUCD) is a neutral / range-bound options strategy, anchored to LUCD's real 0.5007 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 LUCD work?
An iron condor on Lucid Diagnostics sells an out-of-the-money call spread and an out-of-the-money put spread, profiting if LUCD stays between the short strikes into expiry. It is a defined-risk, range-bound strategy.
Outlook: neutral / range-bound. Real reference price: 0.5007 USD (as of 2026-10-26).
How to set up the iron condor (illustrative)
| Leg | Detail (illustrative) |
|---|---|
| Sell | call illustratively ~0.5257 USD and buy call ~0.5508 USD (call spread) |
| Sell | put illustratively ~0.4757 USD and buy put ~0.4506 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 LUCD settles between ~0.4757 USD and ~0.5257 USD |
|---|---|
| Max loss | spread width − net credit (here the illustrative spread width is about 0.0251 USD) |
| Breakeven | short put strike − credit, and short call strike + credit |
When to use it — and the risks
When: When you expect LUCD 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 LUCD
Frequently asked questions
What is an iron condor on LUCD?
An iron condor on LUCD 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 LUCD?
Sell a call spread roughly 0.5257 USD-0.5508 USD and a put spread roughly 0.4506 USD-0.4757 USD, bracketing the current 0.5007 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 LUCD 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 LUCD?
Best when you expect LUCD to stay range-bound with falling or stable implied volatility into expiry — not ahead of an event likely to cause a big move.