ASUR Bear Put Spread Strategy
ASUR (Asure Software, Inc.), in the Technology sector, (Software - Application industry), listed on NASDAQ.
Operating within the United States, Asure Software, Inc. delivers cloud-hosted human capital management (HCM) solutions tailored for small and mid-sized businesses. The company assists these enterprises in cultivating effective teams, ensuring regulatory adherence, and strategically allocating resources to drive their growth. Among its primary offerings is Asure Payroll & Tax, an integrated cloud-based system that automates the complex regulations surrounding payroll and taxation. This includes managing compensation, employee benefits, overtime, garnishments, tips, direct deposits, compliance with the Fair Labor Standards Act (FLSA), and all federal, state, and local payroll taxes. Another key product, Asure HR, is a cloud-native platform designed to simplify human resources complexities, featuring employee self-service capabilities for convenient access to personal information, pay stubs, and company documents. Additionally, Asure Time & Attendance provides substantial cost savings and enhanced return on investment through the judicious management of labor expenditures and the elimination of time theft.
ASUR (Asure Software, Inc.) trades in the Technology sector, specifically Software - Application, with a market capitalization of approximately $241.4M, a beta of 0.50 versus the broader market, a 52-week range of 6.8-10.2, average daily share volume of 99K, a public-listing history dating back to 1992, approximately 634 full-time employees. These structural characteristics shape how ASUR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.50 indicates ASUR has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure.
What is a bear put spread on ASUR?
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.
ASUR snapshot
As of August 14, 2026, spot at $8.47, ATM IV 41.40%, IV rank 6.91%, expected move 11.87%. The bear put spread on ASUR 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 bear put spread structure on ASUR specifically: ASUR IV at 41.40% is on the cheap side of its 1-year range, which favors premium-buying structures like a ASUR bear put spread, with a market-implied 1-standard-deviation move of approximately 11.87% (roughly $1.01 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 ASUR expiries trade a higher absolute premium for lower per-day decay. Position sizing on ASUR should anchor to the underlying notional of $8.47 per share and to the trader's directional view on ASUR stock.
ASUR bear put spread setup
The ASUR bear put spread below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With ASUR at $8.47 on that close, the first option leg uses a $8.47 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ASUR 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 ASUR shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $8.47 | N/A |
| Sell 1 | Put | $8.05 | N/A |
ASUR bear put spread 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 strike width minus net debit times 100; max loss equals net debit times 100. Breakeven is long-put strike minus net debit.
ASUR bear put spread payoff curve
Modeled P&L at expiration across a range of underlying prices for the bear put spread on ASUR. 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 bear put spread on ASUR
Bear put spreads on ASUR reduce the cost of a bearish ASUR stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.
ASUR thesis for this bear put spread
The market-implied 1-standard-deviation range for ASUR extends from approximately $7.46 on the downside to $9.48 on the upside. A ASUR bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on ASUR, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current ASUR IV rank near 6.91% 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 ASUR at 41.40%. As a Technology name, ASUR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ASUR-specific events.
ASUR 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. ASUR positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move ASUR alongside the broader basket even when ASUR-specific fundamentals are unchanged. Long-premium structures like a bear put spread on ASUR 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 ASUR chain quotes before placing a trade.
Frequently asked questions
- What is a bear put spread on ASUR?
- A bear put spread on ASUR is the bear put spread strategy applied to ASUR (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 ASUR stock at $8.47 on the most recent close, the strikes shown on this page are snapped to the nearest listed ASUR chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are ASUR 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 ASUR bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 41.40%), 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 ASUR bear put spread?
- The breakeven for the ASUR bear put spread 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 ASUR market-implied 1-standard-deviation expected move in the same options snapshot is approximately 11.87%; 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 ASUR?
- Bear put spreads on ASUR reduce the cost of a bearish ASUR 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 ASUR implied volatility affect this bear put spread?
- ASUR ATM IV is at 41.40% with IV rank near 6.91%, 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.