Iron Condor on RedCloud Holdings (RCT)
An iron condor on RedCloud Holdings (RCT) is a neutral / range-bound options strategy, anchored to RCT's real 0.199 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 RCT work?
An iron condor on RedCloud Holdings sells an out-of-the-money call spread and an out-of-the-money put spread, profiting if RCT stays between the short strikes into expiry. It is a defined-risk, range-bound strategy.
Outlook: neutral / range-bound. Real reference price: 0.199 USD (as of 2026-09-11).
How to set up the iron condor (illustrative)
| Leg | Detail (illustrative) |
|---|---|
| Sell | call illustratively ~0.209 USD and buy call ~0.2189 USD (call spread) |
| Sell | put illustratively ~0.189 USD and buy put ~0.1791 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 RCT settles between ~0.189 USD and ~0.209 USD |
|---|---|
| Max loss | spread width − net credit (here the illustrative spread width is about 0.0099 USD) |
| Breakeven | short put strike − credit, and short call strike + credit |
When to use it — and the risks
When: When you expect RCT 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 RCT?
An iron condor on RCT 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 RCT?
Sell a call spread roughly 0.209 USD-0.2189 USD and a put spread roughly 0.1791 USD-0.189 USD, bracketing the current 0.199 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 RCT 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 RCT?
Best when you expect RCT to stay range-bound with falling or stable implied volatility into expiry — not ahead of an event likely to cause a big move.