Learn/Iron Condor/RIVN

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
$12.16-18.6% / 30d
IV rank (1y)
14% · low
Next earnings
Oct 29
Market cap
$17.6B
P/E (fwd)
-7.0
Option vol
51K /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 + $14.5/$15.5C · Dec 4
34 DAYS · BOTH WINGS 1 WIDE · SELL TO OPEN
Credit
$24
Return
31.58%
PoP
67%
WingsExpirationCreditReturn ↓PoP
$10P / $14.5C
1 wide wings
Nov 27
27 days
$22
$0.22 / share
28.21%73%
$10.5P / $14C
1 wide wings
Nov 27
27 days
$11
$0.11 / share
12.36%64%
3 of 3 matchesCustomize filters →

03 — Strategy

Iron Condor, plainly explained

Traders expecting consolidation and seeking bounded risk/reward.

P&L at expiration · $9/$10P + $14.5/$15.5C · 34 DTE

$0+$24−$76$9$10P$15C$16

Key numbers

Premium collected+$24
Max profit+$24
Max loss−$76
Profit zone$9.76 — $14.74
Probability of profit67%
Days to expiration34

When this trade makes sense

Use when

    Avoid when

      Read the full iron condor guide →

      04 — By condition

      Read by market condition

      01
      High Implied Volatility
      READ →
      02
      Range-Bound Market
      READ →
      03
      Earnings Week
      READ →
      04
      Bullish Trend
      READ →
      05
      Post-Earnings IV Crush
      READ →

      05 — RUN IT LIVE

      See the highest chance of profit on RIVN.

      Alpha Hawk scans live chains and recommends setups based on current market conditions.

      Analyze RIVN free →