ACI Bear Put Spread Strategy
ACI (Albertsons Companies, Inc.), in the Consumer Defensive sector, (Grocery Stores industry), listed on NYSE.
Albertsons Companies, Inc., through its subsidiaries, operates in the food and drug retail industry in the United States. The company’s food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, vaccines, fuel, and other items and services. It also operates stores under various banners, including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, ACME, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets, and Balducci's Food Lovers Market; and in-store pharmacies and branded coffee shops, fuel centers, distribution centers, and manufacturing facilities, as well as various digital platforms. Albertsons Companies, Inc. was founded in 1860 and is headquartered in Boise, Idaho.
ACI (Albertsons Companies, Inc.) trades in the Consumer Defensive sector, specifically Grocery Stores, with a market capitalization of approximately $6.66B, a trailing P/E of 31.86, a beta of 0.23 versus the broader market, a 52-week range of 13.31-22.78, average daily share volume of 7.2M, a public-listing history dating back to 2020, approximately 280K full-time employees. These structural characteristics shape how ACI stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.23 indicates ACI has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. ACI pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a bear put spread on ACI?
A bear put spread buys an at-the-money put and sells an out-of-the-money put at a lower strike for defined risk and defined reward bounded by the strike width.
Current ACI snapshot
As of June 30, 2026, spot at $13.43, ATM IV 39.21%, IV rank 75.10%, expected move 11.24%. The bear put spread on ACI below is built from the same end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 31-day expiry.
Why this bear put spread structure on ACI specifically: ACI IV at 39.21% is rich versus its 1-year range, which makes a premium-buying ACI bear put spread relatively expensive in absolute-cost terms, with a market-implied 1-standard-deviation move of approximately 11.24% (roughly $1.51 on the underlying). The 31-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated ACI expiries trade a higher absolute premium for lower per-day decay. Position sizing on ACI should anchor to the underlying notional of $13.43 per share and to the trader's directional view on ACI stock.
ACI bear put spread setup
The ACI bear put spread below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With ACI near $13.43, the first option leg uses a $13.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ACI chain at a 31-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 ACI shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $13.00 | $0.50 |
| Sell 1 | Put | $13.00 | $0.50 |
ACI bear put spread risk and reward
- Net Premium / Debit
- $0.00
- Max Profit (per contract)
- $0.00
- Max Loss (per contract)
- $0.00
- Breakeven(s)
- None on modeled curve
- Risk / Reward Ratio
- N/A
Max profit equals strike width minus net debit times 100; max loss equals net debit times 100. Breakeven is long-put strike minus net debit.
ACI bear put spread payoff curve
Modeled P&L at expiration across a range of underlying prices for the bear put spread on ACI. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.
| Underlying Price | % From Spot | P&L at Expiration |
|---|---|---|
| $0.01 | -99.9% | $0.00 |
| $2.98 | -77.8% | $0.00 |
| $5.95 | -55.7% | $0.00 |
| $8.92 | -33.6% | $0.00 |
| $11.88 | -11.5% | $0.00 |
| $14.85 | +10.6% | $0.00 |
| $17.82 | +32.7% | $0.00 |
| $20.79 | +54.8% | $0.00 |
| $23.76 | +76.9% | $0.00 |
| $26.73 | +99.0% | $0.00 |
When traders use bear put spread on ACI
Bear put spreads on ACI reduce the cost of a bearish ACI stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.
ACI thesis for this bear put spread
The market-implied 1-standard-deviation range for ACI extends from approximately $11.92 on the downside to $14.94 on the upside. A ACI bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on ACI, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current ACI IV rank near 75.10% sits in the upper third of its 1-year distribution, which historically reverts; this raises the bar for premium-buying structures and lowers it for premium-selling structures on ACI at 39.21%. As a Consumer Defensive name, ACI options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ACI-specific events.
ACI bear put spread positions are structurally moderately bearish; the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. ACI positions also carry Consumer Defensive sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move ACI alongside the broader basket even when ACI-specific fundamentals are unchanged. Long-premium structures like a bear put spread on ACI are particularly exposed to IV-crush risk through scheduled events (earnings, FDA decisions, central-bank meetings) where IV typically contracts post-event regardless of the directional outcome. Always rebuild the position from current ACI chain quotes before placing a trade.
Frequently asked questions
- What is a bear put spread on ACI?
- A bear put spread on ACI is the bear put spread strategy applied to ACI (stock). The strategy is structurally moderately bearish: A bear put spread buys an at-the-money put and sells an out-of-the-money put at a lower strike for defined risk and defined reward bounded by the strike width. With ACI stock trading near $13.43, the strikes shown on this page are snapped to the nearest listed ACI chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are ACI bear put spread max profit and max loss calculated?
- Max profit equals strike width minus net debit times 100; max loss equals net debit times 100. Breakeven is long-put strike minus net debit. For the ACI bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 39.21%), the computed maximum profit is $0.00 per contract and the computed maximum loss is $0.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a ACI bear put spread?
- The breakeven for the ACI bear put spread priced on this page is no defined breakeven on the modeled curve at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current ACI market-implied 1-standard-deviation expected move is approximately 11.24%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a bear put spread on ACI?
- Bear put spreads on ACI reduce the cost of a bearish ACI stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.
- How does current ACI implied volatility affect this bear put spread?
- ACI ATM IV is at 39.21% with IV rank near 75.10%, which is elevated relative to its 1-year range. Premium-selling structures (covered call, cash-secured put, iron condor) generally look more attractive when IV rank is high; premium-buying structures (long call, long put, debit spreads) are more expensive in that regime.