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
$56.51+5.8% / 30d
IV rank (1y)
31.2% · moderate
Option vol
7K /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 + $59/$61.5C · Dec 4
34 DAYS · BOTH WINGS 3 WIDE · SELL TO OPEN
Credit
$56
Return
28.87%
PoP
63%
WingsExpirationCreditReturn ↓PoP
$53.5P / $59.5C
3 wide wings
Dec 4
34 days
$44
$0.44 / share
21.36%70%
$54P / $59C
3 wide wings
Nov 27
27 days
$42
$0.42 / share
20.19%65%
$53.5P / $59.5C
3 wide wings
Nov 27
27 days
$31
$0.31 / share
14.16%72%
$53P / $60C
3 wide wings
Dec 4
34 days
$30
$0.30 / share
13.64%73%
5 of 5 matchesCustomize filters →

03 — Strategy

Iron Condor, plainly explained

Traders expecting consolidation and seeking bounded risk/reward.

P&L at expiration · $51.5/$54P + $59/$61.5C · 34 DTE

$0+$56−$194$52$54P$59C$62

Key numbers

Premium collected+$56
Max profit+$56
Max loss−$194
Profit zone$53.44 — $59.56
Probability of profit63%
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 XLF.

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

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