Iron Condor on MIRA Pharmaceuticals (MIRA)
An iron condor on MIRA Pharmaceuticals (MIRA) is a neutral / range-bound options strategy, anchored to MIRA's real 0.5328 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 MIRA work?
An iron condor on MIRA Pharmaceuticals sells an out-of-the-money call spread and an out-of-the-money put spread, profiting if MIRA stays between the short strikes into expiry. It is a defined-risk, range-bound strategy.
Outlook: neutral / range-bound. Real reference price: 0.5328 USD (as of 2026-10-26).
How to set up the iron condor (illustrative)
| Leg | Detail (illustrative) |
|---|---|
| Sell | call illustratively ~0.5594 USD and buy call ~0.5861 USD (call spread) |
| Sell | put illustratively ~0.5062 USD and buy put ~0.4795 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 MIRA settles between ~0.5062 USD and ~0.5594 USD |
|---|---|
| Max loss | spread width − net credit (here the illustrative spread width is about 0.0267 USD) |
| Breakeven | short put strike − credit, and short call strike + credit |
When to use it — and the risks
When: When you expect MIRA 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 MIRA
Frequently asked questions
What is an iron condor on MIRA?
An iron condor on MIRA 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 MIRA?
Sell a call spread roughly 0.5594 USD-0.5861 USD and a put spread roughly 0.4795 USD-0.5062 USD, bracketing the current 0.5328 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 MIRA 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 MIRA?
Best when you expect MIRA to stay range-bound with falling or stable implied volatility into expiry — not ahead of an event likely to cause a big move.