Iron Condor on Organigram Global (OGI)
An iron condor on Organigram Global (OGI) is a neutral / range-bound options strategy, anchored to OGI's real 0.939 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 OGI work?
An iron condor on Organigram Global sells an out-of-the-money call spread and an out-of-the-money put spread, profiting if OGI stays between the short strikes into expiry. It is a defined-risk, range-bound strategy.
Outlook: neutral / range-bound. Real reference price: 0.939 USD (as of 2026-10-26).
How to set up the iron condor (illustrative)
| Leg | Detail (illustrative) |
|---|---|
| Sell | call illustratively ~0.9859 USD and buy call ~1.0329 USD (call spread) |
| Sell | put illustratively ~0.892 USD and buy put ~0.8451 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 OGI settles between ~0.892 USD and ~0.9859 USD |
|---|---|
| Max loss | spread width − net credit (here the illustrative spread width is about 0.047 USD) |
| Breakeven | short put strike − credit, and short call strike + credit |
When to use it — and the risks
When: When you expect OGI 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 OGI
Frequently asked questions
What is an iron condor on OGI?
An iron condor on OGI 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 OGI?
Sell a call spread roughly 0.9859 USD-1.0329 USD and a put spread roughly 0.8451 USD-0.892 USD, bracketing the current 0.939 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 OGI 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 OGI?
Best when you expect OGI to stay range-bound with falling or stable implied volatility into expiry — not ahead of an event likely to cause a big move.