01 — TQQQ · IRON CONDOR

Best TQQQ 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.

+3x daily leveraged Nasdaq-100 ETF with high contract volume and structural decay risk.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD
ProShares UltraPro QQQ
Leveraged ETF
TQQQ
$62.01-20.5% / 30d
IV rank (1y)
52% · moderate
Option vol
52K /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
$45/$48P + $76/$78.5C · Dec 4
34 DAYS · BOTH WINGS 3 WIDE · SELL TO OPEN
Credit
$113
Return
60.43%
PoP
71%
WingsExpirationCreditReturn ↓PoP
$52P / $72C
3 wide wings
Nov 27
27 days
$97
$0.97 / share
47.78%64%
$51P / $73C
3 wide wings
Nov 27
27 days
$77
$0.77 / share
34.53%67%
$49P / $75C
3 wide wings
Nov 27
27 days
$71
$0.71 / share
31%73%
$50P / $74C
3 wide wings
Nov 27
27 days
$66
$0.66 / share
28.21%69%
$49P / $75C
3 wide wings
Dec 4
34 days
$48
$0.48 / share
19.05%69%
$50P / $74C
3 wide wings
Dec 4
34 days
$40
$0.40 / share
15.38%66%
$51P / $73C
3 wide wings
Dec 4
34 days
$16
$0.16 / share
5.63%64%
8 of 8 matchesCustomize filters →

03 — Strategy

Iron Condor, plainly explained

Traders expecting consolidation and seeking bounded risk/reward.

P&L at expiration · $45/$48P + $76/$78.5C · 34 DTE

$0+$113−$187$45$48P$76C$79

Key numbers

Premium collected+$113
Max profit+$113
Max loss−$187
Profit zone$46.87 — $77.13
Probability of profit71%
Days to expiration34

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 TQQQ.

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

      Analyze TQQQ free →