How are AOSL bear put spread max profit and max loss calculated?

Max profit equals strike width minus net debit times 100; max loss equals net debit times 100. Breakeven is long-put strike minus net debit. For the AOSL bear put spread priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 86.10%), the computed maximum profit is $127.50 per contract and the computed maximum loss is -$122.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a AOSL bear put spread?

The breakeven for the AOSL bear put spread priced on this page is roughly $28.78 at expiration, derived from the August 14, 2026 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 AOSL market-implied 1-standard-deviation expected move in the same options snapshot is approximately 24.68%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current AOSL implied volatility affect this bear put spread?

AOSL ATM IV is at 86.10% with IV rank near 29.98%, 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.

AOSL Bear Put Spread Strategy

AOSL (Alpha and Omega Semiconductor Limited), in the Technology sector, (Semiconductors industry), listed on NASDAQ.

Alpha and Omega Semiconductor Limited (AOSL) is a global enterprise that designs, develops, and supplies crucial power semiconductor solutions for a wide range of applications, including computing, consumer electronics, communication, and industrial sectors. The company operates internationally, serving markets in Hong Kong, China, South Korea, and the United States. Among its core offerings are power discrete components, such as various types of MOSFETs (e.g., metal-oxide-semiconductor field-effect transistors, SRFETs, XSFET, and high-voltage variants, including ESD-protected models) and insulated gate bipolar transistors (IGBTs). These components are integral to a vast array of devices, spanning consumer electronics like smartphones, laptops, TVs, and gaming consoles; computing infrastructure including desktops, servers, and data centers; communication equipment such as base stations; and diverse industrial applications like motor control, power tools, electric vehicles, white goods, UPS systems, solar inverters, and industrial welding. AOSL also provides power integrated circuits (ICs), which are designed to efficiently manage and regulate power within electronic systems. These ICs are critical for controlling voltage levels and current flow, finding applications in everything from flat-panel displays, notebooks, and graphics cards to servers, DVD/Blu-Ray players, set-top boxes, and networking hardware.

AOSL (Alpha and Omega Semiconductor Limited) trades in the Technology sector, specifically Semiconductors, with a market capitalization of approximately $920.9M, a beta of 2.60 versus the broader market, a 52-week range of 17.01-54.34, average daily share volume of 912K, a public-listing history dating back to 2010, approximately 2K full-time employees. These structural characteristics shape how AOSL stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 2.60 indicates AOSL 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 bear put spread on AOSL?

A bear put spread buys an at-the-money put and sells an out-of-the-money put at a lower strike for defined risk and defined reward bounded by the strike width.

AOSL snapshot

As of August 14, 2026, spot at $30.09, ATM IV 86.10%, IV rank 29.98%, expected move 24.68%. The bear put spread on AOSL below is built from the August 14, 2026 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 bear put spread structure on AOSL specifically: AOSL IV at 86.10% is on the cheap side of its 1-year range, which favors premium-buying structures like a AOSL bear put spread, with a market-implied 1-standard-deviation move of approximately 24.68% (roughly $7.43 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 AOSL expiries trade a higher absolute premium for lower per-day decay. Position sizing on AOSL should anchor to the underlying notional of $30.09 per share and to the trader's directional view on AOSL stock.

AOSL bear put spread setup

The AOSL bear put spread below is built from the August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With AOSL at $30.09 on that close, the first option leg uses a $30.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AOSL 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 AOSL shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Put	$30.00	$3.13
Sell 1	Put	$27.50	$1.90

AOSL bear put spread risk and reward

Net Premium / Debit: -$122.50
Max Profit (per contract): $127.50
Max Loss (per contract): -$122.50
Breakeven(s): $28.78
Risk / Reward Ratio: 1.041

Max profit equals strike width minus net debit times 100; max loss equals net debit times 100. Breakeven is long-put strike minus net debit.

AOSL bear put spread payoff curve

Modeled P&L at expiration across a range of underlying prices for the bear put spread on AOSL. 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%	+$127.50
$6.66	-77.9%	+$127.50
$13.31	-55.8%	+$127.50
$19.97	-33.6%	+$127.50
$26.62	-11.5%	+$127.50
$33.27	+10.6%	-$122.50
$39.92	+32.7%	-$122.50
$46.57	+54.8%	-$122.50
$53.23	+76.9%	-$122.50
$59.88	+99.0%	-$122.50

When traders use bear put spread on AOSL

Bear put spreads on AOSL reduce the cost of a bearish AOSL stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.

AOSL thesis for this bear put spread

The market-implied 1-standard-deviation range for AOSL extends from approximately $22.66 on the downside to $37.52 on the upside. A AOSL bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on AOSL, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current AOSL IV rank near 29.98% 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 AOSL at 86.10%. As a Technology name, AOSL options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AOSL-specific events.

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

Frequently asked questions

What is a bear put spread on AOSL?: A bear put spread on AOSL is the bear put spread strategy applied to AOSL (stock). The strategy is structurally moderately bearish: A bear put spread buys an at-the-money put and sells an out-of-the-money put at a lower strike for defined risk and defined reward bounded by the strike width. With AOSL stock at $30.09 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed AOSL chain strike and the premiums come straight from that session's bid/ask midpoint.
How are AOSL bear put spread max profit and max loss calculated?: Max profit equals strike width minus net debit times 100; max loss equals net debit times 100. Breakeven is long-put strike minus net debit. For the AOSL bear put spread priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 86.10%), the computed maximum profit is $127.50 per contract and the computed maximum loss is -$122.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a AOSL bear put spread?: The breakeven for the AOSL bear put spread priced on this page is roughly $28.78 at expiration, derived from the August 14, 2026 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 AOSL market-implied 1-standard-deviation expected move in the same options snapshot is approximately 24.68%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a bear put spread on AOSL?: Bear put spreads on AOSL reduce the cost of a bearish AOSL stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.
How does current AOSL implied volatility affect this bear put spread?: AOSL ATM IV is at 86.10% with IV rank near 29.98%, 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.