01 — XLE · IRON CONDOR

Best XLE 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.

Energy-sector ETF heavy in supermajors, with options flow tied to crude prices and OPEC headlines.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD
Energy Select Sector SPDR
Sector ETF
XLE
$68.52+11.3% / 30d
IV rank (1y)
40.3% · moderate
Option vol
11K /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
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Top pick · 4-leg iron condor
$62/$64.5P + $72.5/$75C · Nov 20
22 DAYS · BOTH WINGS 3 WIDE · SELL TO OPEN
Credit
$62
Return
32.98%
PoP
61%
WingsExpirationCreditReturn ↓PoP
$63.5P / $73C
3 wide wings
Nov 20
22 days
$47
$0.47 / share
23.15%67%
$63.5P / $73.5C
3 wide wings
Nov 27
29 days
$46
$0.46 / share
22.55%64%
$64P / $73C
3 wide wings
Nov 20
22 days
$45
$0.45 / share
21.95%65%
$63P / $73.5C
3 wide wings
Nov 27
29 days
$41
$0.41 / share
19.62%70%
$62.5P / $74C
3 wide wings
Nov 20
22 days
$31
$0.31 / share
14.16%75%
$63P / $74C
3 wide wings
Nov 20
22 days
$37
$0.37 / share
14.07%72%
7 of 7 matchesCustomize filters →

03 — Strategy

Iron Condor, plainly explained

Traders expecting consolidation and seeking bounded risk/reward.

P&L at expiration · $62/$64.5P + $72.5/$75C · 22 DTE

$0+$62−$188$62$65P$73C$75

Key numbers

Premium collected+$62
Max profit+$62
Max loss−$188
Profit zone$63.88 — $73.12
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

      See the highest chance of profit on XLE.

      Option Agent scans live chains and recommends setups based on current market conditions.

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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.