AIRG Long Put Strategy

AIRG (Airgain, Inc.), in the Technology sector, (Communication Equipment industry), listed on NASDAQ.

Airgain, Inc. is dedicated to designing, developing, and engineering advanced antenna solutions. These products are supplied globally to a wide array of partners, including original equipment and design manufacturers, specialized vertical markets, chipset vendors, service providers, value-added resellers, and software developers. The company's extensive product portfolio features a variety of embedded antenna lines, such as the MaxBeam, Profile, Profile Contour, Ultra, and SmartMax series, in addition to MaxBeam carrier class antennas. Furthermore, under the "Antenna Plus" brand, Airgain offers specialized antennas tailored for automotive, fleet management, public safety, and machine-to-machine (M2M) applications. Central to their offerings are embedded antenna technologies, which are crucial for enabling high-performance wireless networking across diverse devices and key sectors like consumer electronics, enterprise solutions, and the automotive industry. Established in 1995 as the AM Group, the company officially adopted the name Airgain, Inc. in 2004.

AIRG (Airgain, Inc.) trades in the Technology sector, specifically Communication Equipment, with a market capitalization of approximately $67.1M, a beta of 0.95 versus the broader market, a 52-week range of 3-7.658, average daily share volume of 95K, a public-listing history dating back to 2016, approximately 106 full-time employees. These structural characteristics shape how AIRG stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.95 places AIRG roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.

What is a long put on AIRG?

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.

AIRG snapshot

As of August 14, 2026, spot at $5.49, ATM IV 72.90%, IV rank 25.66%, expected move 20.90%. The long put on AIRG 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 long put structure on AIRG specifically: AIRG IV at 72.90% is on the cheap side of its 1-year range, which favors premium-buying structures like a AIRG long put, with a market-implied 1-standard-deviation move of approximately 20.90% (roughly $1.15 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 AIRG expiries trade a higher absolute premium for lower per-day decay. Position sizing on AIRG should anchor to the underlying notional of $5.49 per share and to the trader's directional view on AIRG stock.

AIRG long put setup

The AIRG 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 AIRG at $5.49 on that close, the first option leg uses a $5.49 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AIRG 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 AIRG shares for the stock leg in covered calls and collars).

ActionTypeStrike / BasisPremium (est)
Buy 1Put$5.49N/A

AIRG long put 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

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

AIRG long put payoff curve

Modeled P&L at expiration across a range of underlying prices for the long put on AIRG. 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 long put on AIRG

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

AIRG thesis for this long put

The market-implied 1-standard-deviation range for AIRG extends from approximately $4.34 on the downside to $6.64 on the upside. A AIRG long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long AIRG position with one put per 100 shares held. Current AIRG IV rank near 25.66% sits in the lower third of its 1-year distribution, where IV often re-expands toward the mean; this favors premium-buying structures and disadvantages premium-selling structures on AIRG at 72.90%. As a Technology name, AIRG options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AIRG-specific events.

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

Frequently asked questions

What is a long put on AIRG?
A long put on AIRG is the long put strategy applied to AIRG (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 AIRG stock at $5.49 on the most recent close, the strikes shown on this page are snapped to the nearest listed AIRG chain strike and the premiums come straight from that session's bid/ask midpoint.
How are AIRG 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 AIRG long put priced from the end-of-day chain at a 30-day expiry (ATM IV 72.90%), 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 AIRG long put?
The breakeven for the AIRG long put 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 AIRG market-implied 1-standard-deviation expected move in the same options snapshot is approximately 20.90%; 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 AIRG?
Long puts on AIRG hedge an existing long AIRG stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying AIRG exposure being hedged.
How does current AIRG implied volatility affect this long put?
AIRG ATM IV is at 72.90% with IV rank near 25.66%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.

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