01 — XLF · IRON CONDOR

Best XLF 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.

Sector ETF heavy in money-center banks with options flow concentrated around bank earnings and rate decisions.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD
Financial Select Sector SPDR
Sector ETF
XLF
$56.94+6.6% / 30d
IV rank (1y)
27.3% · low
Option vol
10K /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
$51.5/$54P + $58.5/$61C · Nov 27
29 DAYS · BOTH WINGS 3 WIDE · SELL TO OPEN
Credit
$47
Return
23.15%
PoP
61%
WingsExpirationCreditReturn ↓PoP
$53.5P / $59C
3 wide wings
Nov 27
29 days
$35
$0.35 / share
16.28%62%
$53P / $59.5C
3 wide wings
Dec 4
36 days
$30
$0.30 / share
13.64%62%
$53P / $59.5C
3 wide wings
Nov 27
29 days
$29
$0.29 / share
13.12%75%
$53.5P / $59C
3 wide wings
Nov 20
22 days
$26
$0.26 / share
11.61%63%
$52.5P / $60C
3 wide wings
Dec 4
36 days
$23
$0.23 / share
10.13%61%
$53P / $59.5C
3 wide wings
Nov 20
22 days
$20
$0.20 / share
7.14%70%
$51P / $61.5C
3 wide wings
Dec 4
36 days
$16
$0.16 / share
6.84%66%
$50.5P / $62C
3 wide wings
Dec 4
36 days
$15
$0.15 / share
6.38%69%
$52.5P / $60C
3 wide wings
Nov 20
22 days
$14
$0.14 / share
5.93%74%
10 of 12 matchesCustomize filters →

03 — Strategy

Iron Condor, plainly explained

Traders expecting consolidation and seeking bounded risk/reward.

P&L at expiration · $51.5/$54P + $58.5/$61C · 29 DTE

$0+$47−$203$52$54P$59C$61

Key numbers

Premium collected+$47
Max profit+$47
Max loss−$203
Profit zone$53.53 — $58.97
Probability of profit61%
Days to expiration29

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 XLF.

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

      Analyze XLF free →

      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.