Iron Condor on Osisko Development Corp. Warrant expiring 5/27/2027 (ODVWZ)
An iron condor on Osisko Development Corp. Warrant expiring 5/27/2027 (ODVWZ) is a neutral / range-bound options strategy, anchored to ODVWZ's real 0.0503 USD price as of 2026-07-15. See how it works, an illustrative strike setup, and max profit/loss/breakeven below — not a live option quote.
Last updated 2026-07-15 · Source: FMP end-of-day close (real price); strikes illustrative, educational only — not a live option quote
How does an iron condor on ODVWZ work?
An iron condor on Osisko Development Corp. Warrant expiring 5/27/2027 sells an out-of-the-money call spread and an out-of-the-money put spread, profiting if ODVWZ stays between the short strikes into expiry. It is a defined-risk, range-bound strategy.
Outlook: neutral / range-bound. Real reference price: 0.0503 USD (as of 2026-07-15).
How to set up the iron condor (illustrative)
| Leg | Detail (illustrative) |
|---|---|
| Sell | call illustratively ~0.0528 USD and buy call ~0.0553 USD (call spread) |
| Sell | put illustratively ~0.0478 USD and buy put ~0.0453 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 ODVWZ settles between ~0.0478 USD and ~0.0528 USD |
|---|---|
| Max loss | spread width − net credit (here the illustrative spread width is about 0.0025 USD) |
| Breakeven | short put strike − credit, and short call strike + credit |
When to use it — and the risks
When: When you expect ODVWZ 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.
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Frequently asked questions
What is an iron condor on ODVWZ?
An iron condor on ODVWZ 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 ODVWZ?
Sell a call spread roughly 0.0528 USD-0.0553 USD and a put spread roughly 0.0453 USD-0.0478 USD, bracketing the current 0.0503 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 ODVWZ 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 ODVWZ?
Best when you expect ODVWZ to stay range-bound with falling or stable implied volatility into expiry — not ahead of an event likely to cause a big move.