How are AEHR long put max profit and max loss calculated?

Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium. For the AEHR long put priced from the end-of-day chain at a 30-day expiry (ATM IV 136.79%), the computed maximum profit is $8,499.00 per contract and the computed maximum loss is -$1,500.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a AEHR long put?

The breakeven for the AEHR long put priced on this page is roughly $85.00 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 AEHR market-implied 1-standard-deviation expected move is approximately 39.22%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current AEHR implied volatility affect this long put?

AEHR ATM IV is at 136.79% with IV rank near 64.34%, 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.

AEHR Long Put Strategy

AEHR (Aehr Test Systems), in the Technology sector, (Semiconductors industry), listed on NASDAQ.

Aehr Test Systems provides test systems for burning-in and testing logic, optical, and memory integrated circuits worldwide. It offers products, such as the ABTS and FOX-P families of test and burn-in systems and FOX WaferPak Aligner, FOX-XP WaferPak Contactor, FOX DiePak Carrier, and FOX DiePak Loader. The ABTS system is used in production and qualification testing of packaged parts for lower power and higher power logic devices, as well as various common types of memory devices. The FOX-XP and FOX-NP systems are wafer contact and singulated die/module test and burn-in systems used for burn-in and functional test of complex devices, such as memories, digital signal processors, microprocessors, microcontrollers, systems-on-a-chip, and integrated optical devices. The FOX-CP system is a single-wafer compact test and reliability verification solution for logic, memory, and photonic devices. The WaferPak Contactor contains a unique full wafer probe card capable of testing wafers up to 300mm that enables IC manufacturers to perform test and burn-in of full wafers on Aehr Test FOX systems.

AEHR (Aehr Test Systems) trades in the Technology sector, specifically Semiconductors, with a market capitalization of approximately $3.25B, a beta of 3.27 versus the broader market, a 52-week range of 8.31-107, average daily share volume of 3.0M, a public-listing history dating back to 1997, approximately 115 full-time employees. These structural characteristics shape how AEHR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 3.27 indicates AEHR has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position.

What is a long put on AEHR?

A long put buys downside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes below the strike minus premium at expiration.

Current AEHR snapshot

As of May 15, 2026, spot at $99.68, ATM IV 136.79%, IV rank 64.34%, expected move 39.22%. The long put on AEHR 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 28-day expiry.

Why this long put structure on AEHR specifically: AEHR IV at 136.79% 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 39.22% (roughly $39.09 on the underlying). The 28-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated AEHR expiries trade a higher absolute premium for lower per-day decay. Position sizing on AEHR should anchor to the underlying notional of $99.68 per share and to the trader's directional view on AEHR stock.

AEHR long put setup

The AEHR long put below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With AEHR near $99.68, the first option leg uses a $100.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AEHR chain at a 28-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 AEHR shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Put	$100.00	$15.00

AEHR long put risk and reward

Net Premium / Debit: -$1,500.00
Max Profit (per contract): $8,499.00
Max Loss (per contract): -$1,500.00
Breakeven(s): $85.00
Risk / Reward Ratio: 5.666

Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium.

AEHR long put payoff curve

Modeled P&L at expiration across a range of underlying prices for the long put on AEHR. 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	-100.0%	+$8,499.00
$22.05	-77.9%	+$6,295.13
$44.09	-55.8%	+$4,091.26
$66.13	-33.7%	+$1,887.39
$88.16	-11.6%	-$316.48
$110.20	+10.6%	-$1,500.00
$132.24	+32.7%	-$1,500.00
$154.28	+54.8%	-$1,500.00
$176.32	+76.9%	-$1,500.00
$198.36	+99.0%	-$1,500.00

When traders use long put on AEHR

Long puts on AEHR hedge an existing long AEHR stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying AEHR exposure being hedged.

AEHR thesis for this long put

The market-implied 1-standard-deviation range for AEHR extends from approximately $60.59 on the downside to $138.77 on the upside. A AEHR long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long AEHR position with one put per 100 shares held. Current AEHR IV rank near 64.34% is mid-range against its 1-year distribution, so the IV signal is neutral; the long put thesis on AEHR should anchor more to the directional view and the expected-move geometry. As a Technology name, AEHR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AEHR-specific events.

AEHR long put positions are structurally 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. AEHR positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move AEHR alongside the broader basket even when AEHR-specific fundamentals are unchanged. Long-premium structures like a long put on AEHR 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 AEHR chain quotes before placing a trade.

Frequently asked questions

What is a long put on AEHR?: A long put on AEHR is the long put strategy applied to AEHR (stock). The strategy is structurally bearish: A long put buys downside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes below the strike minus premium at expiration. With AEHR stock trading near $99.68, the strikes shown on this page are snapped to the nearest listed AEHR chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are AEHR long put max profit and max loss calculated?: Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium. For the AEHR long put priced from the end-of-day chain at a 30-day expiry (ATM IV 136.79%), the computed maximum profit is $8,499.00 per contract and the computed maximum loss is -$1,500.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a AEHR long put?: The breakeven for the AEHR long put priced on this page is roughly $85.00 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 AEHR market-implied 1-standard-deviation expected move is approximately 39.22%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a long put on AEHR?: Long puts on AEHR hedge an existing long AEHR stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying AEHR exposure being hedged.
How does current AEHR implied volatility affect this long put?: AEHR ATM IV is at 136.79% with IV rank near 64.34%, 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.