STEP
NEUTRAL WIN- Entry
- $52.52
- Target
- $37.78
- Stop
- $67.26
STEP IV crush play: iron condor around 2026-05-20 earnings. IV rank 63%, ATM IV 61.8%, expected move ±16.5% (wings at 1.7x), front/next IV ratio 1.232. Mechanical IV collapse should dominate post-announcement.