Iron Condor on PTT Global Chemical Public (PTTGC.BK)
A iron condor on PTT Global Chemical Public (PTTGC.BK) is a neutral / range-bound options strategy. An iron condor on PTT Global Chemical Public sells an out-of-the-money call spread and an out-of-the-money put spread, profiting if PTTGC.BK stays between the short strikes into expiry. It is a defined-risk, range-bound strategy. Strikes below are illustrative, anchored to PTTGC.BK's real 40.5 THB price as of 2026-07-22 — not a live option quote.
Last updated 2026-07-22 · Source: FMP end-of-day close (real price); strikes illustrative, educational only — not a live option quote
How does a iron condor on PTTGC.BK work?
An iron condor on PTT Global Chemical Public sells an out-of-the-money call spread and an out-of-the-money put spread, profiting if PTTGC.BK stays between the short strikes into expiry. It is a defined-risk, range-bound strategy.
Outlook: neutral / range-bound. Real reference price: 40.5 THB (as of 2026-07-22).
How to set up the iron condor (illustrative)
| Leg | Detail (illustrative) |
|---|---|
| Sell | call illustratively ~42.52 THB and buy call ~44.55 THB (call spread) |
| Sell | put illustratively ~38.48 THB and buy put ~36.45 THB (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 PTTGC.BK settles between ~38.48 THB and ~42.52 THB |
|---|---|
| Max loss | spread width − net credit (here the illustrative spread width is about 2.03 THB) |
| Breakeven | short put strike − credit, and short call strike + credit |
When to use it — and the risks
When: When you expect PTTGC.BK 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 a iron condor on PTTGC.BK?
An iron condor on PTT Global Chemical Public sells an out-of-the-money call spread and an out-of-the-money put spread, profiting if PTTGC.BK stays between the short strikes into expiry. It is a defined-risk, range-bound strategy.
How do you set up a iron condor for PTTGC.BK?
Sell: call illustratively ~42.52 THB and buy call ~44.55 THB (call spread). Sell: put illustratively ~38.48 THB and buy put ~36.45 THB (put spread). Strikes shown are illustrative, anchored to PTTGC.BK's real 40.5 THB price as of 2026-07-22 — choose actual strikes from a live option chain.
What is the max profit and loss?
Max profit: the net credit received, kept in full if PTTGC.BK settles between ~38.48 THB and ~42.52 THB. Max loss: spread width − net credit (here the illustrative spread width is about 2.03 THB). Breakeven: short put strike − credit, and short call strike + credit.
When should you use a iron condor on PTTGC.BK?
When you expect PTTGC.BK 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.