Iron Condor on Medalist Diversified (MDRR)
An iron condor on Medalist Diversified (MDRR) is a neutral / range-bound options strategy, anchored to MDRR's real 11.63 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 MDRR work?
An iron condor on Medalist Diversified sells an out-of-the-money call spread and an out-of-the-money put spread, profiting if MDRR stays between the short strikes into expiry. It is a defined-risk, range-bound strategy.
Outlook: neutral / range-bound. Real reference price: 11.63 USD (as of 2026-09-11).
How to set up the iron condor (illustrative)
| Leg | Detail (illustrative) |
|---|---|
| Sell | call illustratively ~12.21 USD and buy call ~12.79 USD (call spread) |
| Sell | put illustratively ~11.05 USD and buy put ~10.47 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 MDRR settles between ~11.05 USD and ~12.21 USD |
|---|---|
| Max loss | spread width − net credit (here the illustrative spread width is about 0.58 USD) |
| Breakeven | short put strike − credit, and short call strike + credit |
When to use it — and the risks
When: When you expect MDRR 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 MDRR?
An iron condor on MDRR 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 MDRR?
Sell a call spread roughly 12.21 USD-12.79 USD and a put spread roughly 10.47 USD-11.05 USD, bracketing the current 11.63 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 MDRR 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 MDRR?
Best when you expect MDRR to stay range-bound with falling or stable implied volatility into expiry — not ahead of an event likely to cause a big move.