01 — VXX · IRON CONDOR

Best VXX 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.

Short-dated VIX futures tracker with structural decay and event-driven spike potential.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD
iPath Series B S&P 500 VIX Short-Term Futures ETN
Volatility ETN
VXX
$19.21+9.1% / 30d
IV rank (1y)
42.4% · moderate
Option vol
58K /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
$12.5/$13.5P + $25/$26C · Dec 4
34 DAYS · BOTH WINGS 1 WIDE · SELL TO OPEN
Credit
$132
Return
13200%
PoP
64%
WingsExpirationCreditReturn ↓PoP
$14P / $24C
1 wide wings
Dec 4
34 days
$75
$0.75 / share
300%66%
$14.5P / $24C
1 wide wings
Dec 4
34 days
$50
$0.50 / share
100%61%
$14P / $24C
1 wide wings
Nov 27
27 days
$26
$0.26 / share
35.14%68%
$14.5P / $24C
1 wide wings
Nov 27
27 days
$22
$0.22 / share
28.21%68%
$15P / $23C
1 wide wings
Nov 27
27 days
$3
$0.03 / share
3.09%62%
6 of 6 matchesCustomize filters →

03 — Strategy

Iron Condor, plainly explained

Traders expecting consolidation and seeking bounded risk/reward.

P&L at expiration · $12.5/$13.5P + $25/$26C · 34 DTE

$0+$132−$-32$13$14P$25C$26

Key numbers

Premium collected+$132
Max profit+$132
Profit zone$12.18 — $26.32
Probability of profit64%
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 VXX.

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

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