AGNT Strangle Strategy
AGNT (AGNT, Inc.), in the Real Estate sector, (Real Estate - Services industry), listed on NASDAQ.
eXp World Holdings, Inc. is dedicated to acquiring and managing a variety of service-based enterprises. The company provides customers with access to its VirBELA virtual reality software platform through paid subscriptions. Its operations are organized into three primary divisions: the North American Realty segment, which oversees real estate brokerage activities in the United States and Canada; the International Realty segment, responsible for real estate brokerage services across all other global locations; and the Other Affiliated Services segment, encompassing ventures like SUCCESS Magazine, FrameVR.io, and other ancillary projects. Founded by Glenn Darrel Sanford on July 30, 2008, the company maintains its corporate headquarters in Bellingham, Washington.
AGNT (AGNT, Inc.) trades in the Real Estate sector, specifically Real Estate - Services, with a market capitalization of approximately $703.3M, a beta of 2.06 versus the broader market, a 52-week range of 3.685-12.226, average daily share volume of 1.3M, a public-listing history dating back to 2018, approximately 2K full-time employees. These structural characteristics shape how AGNT stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 2.06 indicates AGNT has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. AGNT pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a strangle on AGNT?
A long strangle buys an OTM call and an OTM put at offset strikes, cheaper than a straddle but requiring a larger underlying move to profit since both wings start out-of-the-money.
AGNT snapshot
As of August 14, 2026, spot at $4.37, ATM IV 113.80%, IV rank 42.47%, expected move 19.55%. The strangle on AGNT below is built from the end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 35-day expiry.
Why this strangle structure on AGNT specifically: AGNT IV at 113.80% 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 19.55% (roughly $0.85 on the underlying). The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated AGNT expiries trade a higher absolute premium for lower per-day decay. Position sizing on AGNT should anchor to the underlying notional of $4.37 per share and to the trader's directional view on AGNT stock.
AGNT strangle setup
The AGNT strangle below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With AGNT at $4.37 on that close, the first option leg uses a $4.59 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AGNT chain at a 35-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 AGNT shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Call | $4.59 | N/A |
| Buy 1 | Put | $4.15 | N/A |
AGNT strangle risk and reward
- Net Premium / Debit
- N/A
- Max Profit (per contract)
- Unbounded
- Max Loss (per contract)
- Unbounded
- Breakeven(s)
- None on modeled curve
- Risk / Reward Ratio
- N/A
Upside max profit is unbounded; downside max profit is bounded at the put strike minus the combined debit (reached at zero). Max loss equals the combined debit times 100 (reached anywhere between the two OTM strikes). Two breakevens at call-strike plus debit and put-strike minus debit.
AGNT strangle payoff curve
Modeled P&L at expiration across a range of underlying prices for the strangle on AGNT. 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.
When traders use strangle on AGNT
Strangles on AGNT are the cheaper cousin of the straddle - traders use them when they want a large directional move but are willing to give up the inner-strike sensitivity in exchange for a lower up-front debit on the AGNT chain.
AGNT thesis for this strangle
The market-implied 1-standard-deviation range for AGNT extends from approximately $3.52 on the downside to $5.22 on the upside. A AGNT long strangle is the OTM cousin of the straddle: lower up-front cost but the underlying has to travel further past either OTM strike before the position turns profitable at expiration. Current AGNT IV rank near 42.47% is mid-range against its 1-year distribution, so the IV signal is neutral; the strangle thesis on AGNT should anchor more to the directional view and the expected-move geometry. As a Real Estate name, AGNT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AGNT-specific events.
AGNT strangle positions are structurally neutral / high-volatility (long premium, OTM); 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. AGNT positions also carry Real Estate sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move AGNT alongside the broader basket even when AGNT-specific fundamentals are unchanged. Always rebuild the position from current AGNT chain quotes before placing a trade.
Frequently asked questions
- What is a strangle on AGNT?
- A strangle on AGNT is the strangle strategy applied to AGNT (stock). The strategy is structurally neutral / high-volatility (long premium, OTM): A long strangle buys an OTM call and an OTM put at offset strikes, cheaper than a straddle but requiring a larger underlying move to profit since both wings start out-of-the-money. With AGNT stock at $4.37 on the most recent close, the strikes shown on this page are snapped to the nearest listed AGNT chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are AGNT strangle max profit and max loss calculated?
- Upside max profit is unbounded; downside max profit is bounded at the put strike minus the combined debit (reached at zero). Max loss equals the combined debit times 100 (reached anywhere between the two OTM strikes). Two breakevens at call-strike plus debit and put-strike minus debit. For the AGNT strangle priced from the end-of-day chain at a 30-day expiry (ATM IV 113.80%), the computed maximum profit is unbounded per contract and the computed maximum loss is unbounded per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a AGNT strangle?
- The breakeven for the AGNT strangle priced on this page is no defined breakeven on the modeled curve at expiration, derived from the end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The AGNT market-implied 1-standard-deviation expected move in the same options snapshot is approximately 19.55%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a strangle on AGNT?
- Strangles on AGNT are the cheaper cousin of the straddle - traders use them when they want a large directional move but are willing to give up the inner-strike sensitivity in exchange for a lower up-front debit on the AGNT chain.
- How does current AGNT implied volatility affect this strangle?
- AGNT ATM IV is at 113.80% with IV rank near 42.47%, 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.