How are CHYM 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 CHYM bear put spread priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 50.20%), the computed maximum profit is $90.00 per contract and the computed maximum loss is -$160.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a CHYM bear put spread?

The breakeven for the CHYM bear put spread priced on this page is roughly $30.90 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 CHYM market-implied 1-standard-deviation expected move in the same options snapshot is approximately 14.39%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

CHYM ATM IV is at 50.20% with IV rank near 23.56%, 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.

CHYM Bear Put Spread Strategy

CHYM (Chime Financial, Inc. Class A Common Stock), in the Financial Services sector, (Banks - Regional industry), listed on NASDAQ.

Chime functions as a digital-first financial technology company, delivering a range of banking services that come without typical fees. These offerings, which encompass checking and savings accounts, early access to paychecks, and overdraft protection, are provided in collaboration with banks that are insured by the FDIC. Chime largely targets consumers whose annual income is under $100,000, with its primary revenue stream originating from interchange fees.

CHYM (Chime Financial, Inc. Class A Common Stock) trades in the Financial Services sector, specifically Banks - Regional, with a market capitalization of approximately $12.04B, a beta of 0.32 versus the broader market, a 52-week range of 15.88-33.41, average daily share volume of 5.6M, a public-listing history dating back to 2025, approximately 2K full-time employees. These structural characteristics shape how CHYM stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.32 indicates CHYM 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 CHYM?

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.

CHYM snapshot

As of August 14, 2026, spot at $31.99, ATM IV 50.20%, IV rank 23.56%, expected move 14.39%. The bear put spread on CHYM 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 525-day expiry.

Why this bear put spread structure on CHYM specifically: CHYM IV at 50.20% is on the cheap side of its 1-year range, which favors premium-buying structures like a CHYM bear put spread, with a market-implied 1-standard-deviation move of approximately 14.39% (roughly $4.60 on the underlying). The 525-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated CHYM expiries trade a higher absolute premium for lower per-day decay. Position sizing on CHYM should anchor to the underlying notional of $31.99 per share and to the trader's directional view on CHYM stock.

CHYM bear put spread setup

The CHYM 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 CHYM at $31.99 on that close, the first option leg uses a $32.50 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed CHYM chain at a 525-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 CHYM shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Put	$32.50	$8.45
Sell 1	Put	$30.00	$6.85

CHYM bear put spread risk and reward

Net Premium / Debit: -$160.00
Max Profit (per contract): $90.00
Max Loss (per contract): -$160.00
Breakeven(s): $30.90
Risk / Reward Ratio: 0.563

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.

CHYM bear put spread payoff curve

Modeled P&L at expiration across a range of underlying prices for the bear put spread on CHYM. 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%	+$90.00
$7.08	-77.9%	+$90.00
$14.15	-55.8%	+$90.00
$21.23	-33.6%	+$90.00
$28.30	-11.5%	+$90.00
$35.37	+10.6%	-$160.00
$42.44	+32.7%	-$160.00
$49.51	+54.8%	-$160.00
$56.59	+76.9%	-$160.00
$63.66	+99.0%	-$160.00

When traders use bear put spread on CHYM

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

CHYM thesis for this bear put spread

The market-implied 1-standard-deviation range for CHYM extends from approximately $27.39 on the downside to $36.59 on the upside. A CHYM bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on CHYM, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current CHYM IV rank near 23.56% 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 CHYM at 50.20%. As a Financial Services name, CHYM options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to CHYM-specific events.

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

Frequently asked questions

What is a bear put spread on CHYM?: A bear put spread on CHYM is the bear put spread strategy applied to CHYM (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 CHYM stock at $31.99 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed CHYM chain strike and the premiums come straight from that session's bid/ask midpoint.
How are CHYM 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 CHYM bear put spread priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 50.20%), the computed maximum profit is $90.00 per contract and the computed maximum loss is -$160.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a CHYM bear put spread?: The breakeven for the CHYM bear put spread priced on this page is roughly $30.90 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 CHYM market-implied 1-standard-deviation expected move in the same options snapshot is approximately 14.39%; 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 CHYM?: Bear put spreads on CHYM reduce the cost of a bearish CHYM 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 CHYM implied volatility affect this bear put spread?: CHYM ATM IV is at 50.20% with IV rank near 23.56%, 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.