01 — RIVN · IRON CONDOR

Best RIVN iron condor setups.

Pick how long you want to wait and how much risk you'll take. We score every live strike across the next 3 expirations and surface the top setups — updated hourly.

Low-priced EV name with extreme implied volatility and heavy retail options participation.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD
Rivian Automotive
Automotive / EV
RIVN
$11.45-23.4% / 30d
IV rank (1y)
3.9% · low
Next earnings
Oct 29
Market cap
$16.6B
P/E (fwd)
-6.6
Option vol
56K /day

02 — Live setups

Suggested strikes

Choose your time horizon and risk band. Every match is scored on return, premium, and probability of profit.

Days to expiration
Probability of profit
Sort by
Top pick · 4-leg iron condor
$9/$10P + $13.5/$14.5C · Nov 20
22 DAYS · BOTH WINGS 1 WIDE · SELL TO OPEN
Credit
$32
Return
47.06%
PoP
61%
WingsExpirationCreditReturn ↓PoP
$9.5P / $14C
1 wide wings
Dec 4
36 days
$26
$0.26 / share
35.14%65%
$9P / $14.5C
1 wide wings
Dec 4
36 days
$17
$0.17 / share
20.48%67%
$9.5P / $14C
2 wide wings
Nov 27
29 days
$20
$0.20 / share
15.38%65%
$9P / $14.5C
1 wide wings
Nov 27
29 days
$10
$0.10 / share
11.11%74%
$7P / $16.5C
2 wide wings
Nov 20
22 days
$0
$0.00 / share
0%65%
6 of 6 matchesCustomize filters →

03 — Strategy

Iron Condor, plainly explained

Traders expecting consolidation and seeking bounded risk/reward.

P&L at expiration · $9/$10P + $13.5/$14.5C · 22 DTE

$0+$32−$68$9$10P$14C$15

Key numbers

Premium collected+$32
Max profit+$32
Max loss−$68
Profit zone$9.68 — $13.82
Probability of profit61%
Days to expiration22

When this trade makes sense

Use when

    Avoid when

      Read the full iron condor guide →

      05 — RUN IT LIVE

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      Option Agent is not a registered investment advisor, broker-dealer, or financial planner. All analysis, recommendations, and data are for informational and educational purposes only and do not constitute personalized investment advice. Options trading involves substantial risk of loss and is not suitable for all investors. Past probability calculations do not guarantee future results. Consult a qualified financial advisor before making investment decisions.