Iron Condor on Murano Global Investments (MRNO)
An iron condor on Murano Global Investments (MRNO) is a neutral / range-bound options strategy, anchored to MRNO's real 0.197 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 MRNO work?
An iron condor on Murano Global Investments sells an out-of-the-money call spread and an out-of-the-money put spread, profiting if MRNO stays between the short strikes into expiry. It is a defined-risk, range-bound strategy.
Outlook: neutral / range-bound. Real reference price: 0.197 USD (as of 2026-09-11).
How to set up the iron condor (illustrative)
| Leg | Detail (illustrative) |
|---|---|
| Sell | call illustratively ~0.2069 USD and buy call ~0.2167 USD (call spread) |
| Sell | put illustratively ~0.1872 USD and buy put ~0.1773 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 MRNO settles between ~0.1872 USD and ~0.2069 USD |
|---|---|
| Max loss | spread width − net credit (here the illustrative spread width is about 0.0098 USD) |
| Breakeven | short put strike − credit, and short call strike + credit |
When to use it — and the risks
When: When you expect MRNO 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 MRNO?
An iron condor on MRNO 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 MRNO?
Sell a call spread roughly 0.2069 USD-0.2167 USD and a put spread roughly 0.1773 USD-0.1872 USD, bracketing the current 0.197 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 MRNO 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 MRNO?
Best when you expect MRNO to stay range-bound with falling or stable implied volatility into expiry — not ahead of an event likely to cause a big move.