How are ADSK straddle max profit and max loss calculated?

Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit. For the ADSK straddle priced from the end-of-day chain at a 30-day expiry (ATM IV 42.68%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$1,948.26 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a ADSK straddle?

The breakeven for the ADSK straddle priced on this page is roughly $175.05 and $214.95 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 ADSK market-implied 1-standard-deviation expected move is approximately 12.23%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current ADSK implied volatility affect this straddle?

ADSK ATM IV is at 42.68% with IV rank near 61.93%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.

ADSK Straddle Strategy

ADSK (Autodesk, Inc.), in the Technology sector, (Software - Application industry), listed on NASDAQ.

Autodesk, Inc. delivers advanced software and services for 3D design, engineering, and entertainment to a global clientele. Their diverse product line includes AutoCAD Civil 3D, a comprehensive solution for civil engineering tasks such as land development, transportation infrastructure, and environmental projects. For construction project management, they offer BIM 360, a cloud-based platform. Core design and drafting needs are met by AutoCAD and its specialized counterpart, AutoCAD LT. The company also provides CAM software, essential for computer numeric control (CNC) machining, inspection, and manufacturing modeling, alongside Fusion 360, an integrated platform for 3D CAD, CAM, and computer-aided engineering. Autodesk further provides curated Industry Collections, offering comprehensive toolsets for professionals in architecture, engineering, and construction (AEC), product design and manufacturing (PDM), and media and entertainment sectors.

ADSK (Autodesk, Inc.) trades in the Technology sector, specifically Software - Application, with a market capitalization of approximately $41.44B, a trailing P/E of 28.31, a beta of 1.30 versus the broader market, a 52-week range of 185.5-329.09, average daily share volume of 2.5M, a public-listing history dating back to 1985, approximately 15K full-time employees. These structural characteristics shape how ADSK stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.30 places ADSK roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.

What is a straddle on ADSK?

A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration.

Current ADSK snapshot

As of June 29, 2026, spot at $195.51, ATM IV 42.68%, IV rank 61.93%, expected move 12.23%. The straddle on ADSK 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 32-day expiry.

Why this straddle structure on ADSK specifically: ADSK IV at 42.68% is mid-range versus its 1-year history, so strategy selection should anchor more to the directional thesis than to the IV regime, with a market-implied 1-standard-deviation move of approximately 12.23% (roughly $23.92 on the underlying). The 32-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated ADSK expiries trade a higher absolute premium for lower per-day decay. Position sizing on ADSK should anchor to the underlying notional of $195.51 per share and to the trader's directional view on ADSK stock.

ADSK straddle setup

The ADSK straddle below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With ADSK near $195.51, the first option leg uses a $195.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ADSK chain at a 32-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 ADSK shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Call	$195.00	$10.85
Buy 1	Put	$195.00	$9.10

ADSK straddle risk and reward

Net Premium / Debit: -$1,995.00
Max Profit (per contract): Unbounded
Max Loss (per contract): -$1,948.26
Breakeven(s): $175.05, $214.95
Risk / Reward Ratio: Unbounded

Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit.

ADSK straddle payoff curve

Modeled P&L at expiration across a range of underlying prices for the straddle on ADSK. 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.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	+$17,504.00
$43.24	-77.9%	+$13,181.28
$86.46	-55.8%	+$8,858.55
$129.69	-33.7%	+$4,535.83
$172.92	-11.6%	+$213.11
$216.15	+10.6%	+$119.62
$259.37	+32.7%	+$4,442.34
$302.60	+54.8%	+$8,765.07
$345.83	+76.9%	+$13,087.79
$389.06	+99.0%	+$17,410.51

When traders use straddle on ADSK

Straddles on ADSK are pure-volatility plays that profit from large moves in either direction; traders typically buy ADSK straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.

ADSK thesis for this straddle

The market-implied 1-standard-deviation range for ADSK extends from approximately $171.59 on the downside to $219.43 on the upside. A ADSK long straddle is a pure-volatility play: it profits when the underlying moves far enough from the strike in either direction to overcome the combined call plus put debit, regardless of direction. Current ADSK IV rank near 61.93% is mid-range against its 1-year distribution, so the IV signal is neutral; the straddle thesis on ADSK should anchor more to the directional view and the expected-move geometry. As a Technology name, ADSK options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ADSK-specific events.

ADSK straddle positions are structurally neutral / high-volatility (long premium); 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. ADSK positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move ADSK alongside the broader basket even when ADSK-specific fundamentals are unchanged. Always rebuild the position from current ADSK chain quotes before placing a trade.

Frequently asked questions

What is a straddle on ADSK?: A straddle on ADSK is the straddle strategy applied to ADSK (stock). The strategy is structurally neutral / high-volatility (long premium): A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration. With ADSK stock trading near $195.51, the strikes shown on this page are snapped to the nearest listed ADSK chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are ADSK straddle max profit and max loss calculated?: Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit. For the ADSK straddle priced from the end-of-day chain at a 30-day expiry (ATM IV 42.68%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$1,948.26 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a ADSK straddle?: The breakeven for the ADSK straddle priced on this page is roughly $175.05 and $214.95 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 ADSK market-implied 1-standard-deviation expected move is approximately 12.23%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a straddle on ADSK?: Straddles on ADSK are pure-volatility plays that profit from large moves in either direction; traders typically buy ADSK straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.
How does current ADSK implied volatility affect this straddle?: ADSK ATM IV is at 42.68% with IV rank near 61.93%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.