AMPL Long Put Strategy
AMPL (Amplitude, Inc.), in the Technology sector, (Software - Application industry), listed on NASDAQ.
Amplitude, Inc. provides a digital optimization system to analyze customer behavior within digital products in the United States and internationally. It offers Amplitude analytics for insights of customer behavior; Amplitude Recommend, a no-code personalization solution that helps to increase customer engagement by adapting digital products and campaigns to every user based on behavior; Amplitude Experiment, an integrated solution that enables teams to determine and deliver the product experiences for their customers through A/B tests and controlled feature releases; Amplitude Behavioral Graph, a proprietary database for deep, real-time interactive behavioral analysis, and behavior-driven personalization instantly joining, analyzing, and correlating any customer actions to outcomes, such as engagement, growth, and loyalty; and data management, a real-time data layer for planning, integrating, and managing data sources to create a foundation with identity resolution, enterprise-level security, and privacy solutions. The company also provides customer support services related to initial implementation setup, ongoing support, and application training. It delivers its application over the Internet as a subscription service using a software-as-a-service model. The company was formerly known as Sonalight, Inc. and changed its name to Amplitude, Inc. in December 2014. Amplitude, Inc. was incorporated in 2011 and is headquartered in San Francisco, California.
AMPL (Amplitude, Inc.) trades in the Technology sector, specifically Software - Application, with a market capitalization of approximately $794.6M, a beta of 1.43 versus the broader market, a 52-week range of 5.51-14.49, average daily share volume of 2.2M, a public-listing history dating back to 2021, approximately 740 full-time employees. These structural characteristics shape how AMPL stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.43 indicates AMPL 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 AMPL?
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 AMPL snapshot
As of May 15, 2026, spot at $6.08, ATM IV 72.10%, IV rank 21.48%, expected move 20.67%. The long put on AMPL 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 34-day expiry.
Why this long put structure on AMPL specifically: AMPL IV at 72.10% is on the cheap side of its 1-year range, which favors premium-buying structures like a AMPL long put, with a market-implied 1-standard-deviation move of approximately 20.67% (roughly $1.26 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated AMPL expiries trade a higher absolute premium for lower per-day decay. Position sizing on AMPL should anchor to the underlying notional of $6.08 per share and to the trader's directional view on AMPL stock.
AMPL long put setup
The AMPL 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 AMPL near $6.08, the first option leg uses a $6.08 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AMPL chain at a 34-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 AMPL shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $6.08 | N/A |
AMPL 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.
AMPL long put payoff curve
Modeled P&L at expiration across a range of underlying prices for the long put on AMPL. 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 AMPL
Long puts on AMPL hedge an existing long AMPL stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying AMPL exposure being hedged.
AMPL thesis for this long put
The market-implied 1-standard-deviation range for AMPL extends from approximately $4.82 on the downside to $7.34 on the upside. A AMPL long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long AMPL position with one put per 100 shares held. Current AMPL IV rank near 21.48% 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 AMPL at 72.10%. As a Technology name, AMPL options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AMPL-specific events.
AMPL 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. AMPL positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move AMPL alongside the broader basket even when AMPL-specific fundamentals are unchanged. Long-premium structures like a long put on AMPL 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 AMPL chain quotes before placing a trade.
Frequently asked questions
- What is a long put on AMPL?
- A long put on AMPL is the long put strategy applied to AMPL (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 AMPL stock trading near $6.08, the strikes shown on this page are snapped to the nearest listed AMPL chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are AMPL 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 AMPL long put priced from the end-of-day chain at a 30-day expiry (ATM IV 72.10%), 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 AMPL long put?
- The breakeven for the AMPL long put 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 AMPL market-implied 1-standard-deviation expected move is approximately 20.67%; 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 AMPL?
- Long puts on AMPL hedge an existing long AMPL stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying AMPL exposure being hedged.
- How does current AMPL implied volatility affect this long put?
- AMPL ATM IV is at 72.10% with IV rank near 21.48%, 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.