Iron Condor on PT Super Energy (SURE.JK)
A iron condor on PT Super Energy (SURE.JK) is a neutral / range-bound options strategy. An iron condor on PT Super Energy sells an out-of-the-money call spread and an out-of-the-money put spread, profiting if SURE.JK stays between the short strikes into expiry. It is a defined-risk, range-bound strategy. Strikes below are illustrative, anchored to SURE.JK's real 2,720 IDR 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 SURE.JK work?
An iron condor on PT Super Energy sells an out-of-the-money call spread and an out-of-the-money put spread, profiting if SURE.JK stays between the short strikes into expiry. It is a defined-risk, range-bound strategy.
Outlook: neutral / range-bound. Real reference price: 2,720 IDR (as of 2026-07-22).
How to set up the iron condor (illustrative)
| Leg | Detail (illustrative) |
|---|---|
| Sell | call illustratively ~2856 IDR and buy call ~2992 IDR (call spread) |
| Sell | put illustratively ~2584 IDR and buy put ~2448 IDR (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 SURE.JK settles between ~2584 IDR and ~2856 IDR |
|---|---|
| Max loss | spread width − net credit (here the illustrative spread width is about 136 IDR) |
| Breakeven | short put strike − credit, and short call strike + credit |
When to use it — and the risks
When: When you expect SURE.JK 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 SURE.JK?
An iron condor on PT Super Energy sells an out-of-the-money call spread and an out-of-the-money put spread, profiting if SURE.JK stays between the short strikes into expiry. It is a defined-risk, range-bound strategy.
How do you set up a iron condor for SURE.JK?
Sell: call illustratively ~2856 IDR and buy call ~2992 IDR (call spread). Sell: put illustratively ~2584 IDR and buy put ~2448 IDR (put spread). Strikes shown are illustrative, anchored to SURE.JK's real 2720 IDR 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 SURE.JK settles between ~2584 IDR and ~2856 IDR. Max loss: spread width − net credit (here the illustrative spread width is about 136 IDR). Breakeven: short put strike − credit, and short call strike + credit.
When should you use a iron condor on SURE.JK?
When you expect SURE.JK 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.