---
title: "Discussion on \"What an options payoff chart is actually computing: a TSLA iron condor, step by step\" | Hashnode"
description: "Discussion on \"What an options payoff chart is actually computing: a TSLA iron condor, step by step\". Expiration payoff, today's curve, expected move and probability, explained with one real example"
url: "https://hashnode.com/posts/what-an-options-payoff-chart-is-actually-computing-a-tsla-iron-condor-step-by-step/6aea600205d316e4d4ec636e"
---

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# [What an options payoff chart is actually computing: a TSLA iron condor, step by step](https://optionsmatrixpro.hashnode.dev/what-an-options-payoff-chart-is-actually-computing-a-tsla-iron-condor-step-by-step?utm_source=hashnode&utm_medium=feed)

Expiration payoff, today's curve, expected move and probability, explained with one real example

Nov 3 · 5 min read · optionsmatrixpro.hashnode.dev  
Updated 3h ago  
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## Written by

[Options Matrix Pro](https://hashnode.com/@optionsmatrixpro)

@optionsmatrixpro

  
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Options scanner, yield matrix and strategy visualizer

Options research, modelling and trade tracking for US options traders: scanner, yield matrix and strategy visualizer. https://www.optionsmatrixpro.com

## Responses 2

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[Arnold Holm](https://hashnode.com/@stratcorealpha)

[5d ago](https://hashnode.com/posts/what-an-options-payoff-chart-is-actually-computing-a-tsla-iron-condor-step-by-step/6aea600205d316e4d4ec636e/comment/6aee2ce77dbf87df9e94ba35)

Does the dashed curve keep each leg's implied volatility fixed as the stock price changes? I'd put that assumption beside the chart, so I can tell what the slider is actually changing.

[Options Matrix Pro](https://hashnode.com/@optionsmatrixpro)

[4h ago](https://hashnode.com/posts/what-an-options-payoff-chart-is-actually-computing-a-tsla-iron-condor-step-by-step/6aea600205d316e4d4ec636e/comment/6aee2ce77dbf87df9e94ba35#reply-6af51aea573f2a1e3d5486a5)

Good question, and yes. Each leg keeps its own implied volatility from its quote, so the skew between the strikes stays as quoted, and that volatility is held fixed as the stock price moves across the chart. The IV slider then scales every leg's volatility by the same multiple, which is how you model a volatility crush or spike. You're right that the chart should say so; we'll add a line beside it.