← Back to Weekly Picks

QQQ Iron Condor

NEUTRAL Expiry 2026-04-30 · 17 DTE Spot $612.49
📄 Download PDF 🔧 Open in Builder
Trade Metrics
Max Profit $404 per contract
Max Loss $597 defined risk
Net Credit $4.04 collected upfront
Win Rate 74% probability of profit
Reward : Risk 0.68× credit / max loss
Trade Legs
Each leg represents one options contract. Sell legs collect premium; buy legs define your risk boundary.
ActionTypeStrikeBidAskMidDeltaIV
BUY PUT $572 $2.67 $2.73 $2.70 -0.132 29.1%
SELL PUT $582 $3.78 $3.96 $3.87 -0.185 27.4%
SELL CALL $625 $4.89 $5.08 $4.98 0.326 17.6%
BUY CALL $635 $2.05 $2.19 $2.12 0.178 16.4%
Gamma Wall Analysis
Where market makers hedge — the stock tends to stay between these walls.
Put Wall$582
Call Wall$620
Band Width6.3%
Confidence25%
Technical Snapshot
Key indicators for timing and direction confirmation.
RSI (14)63.0Neutral
TrendNeutral
ATM IV23.2%
VolatilityNormal
Bollinger Bands
Upper$618.65
Middle$589.53
Lower$560.40
Support & Resistance
Support$558.28
Resistance$635.77
SMA 50$600.28Above
SMA 100$608.86Above
AI Insight

QQQ Iron Condor $4.03 credit 0.68× R/R · 74% PoP — neutral bias, gamma wall protected

📄 Download Full PDF Report 🔧 Open in Strategy Builder
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Options trading involves significant risk and is not suitable for all investors. Past performance does not guarantee future results. Always do your own research and consult a licensed financial advisor before making trading decisions.