How are CRWV 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 CRWV bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 83.99%), the computed maximum profit is $310.00 per contract and the computed maximum loss is -$290.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a CRWV bear put spread?

The breakeven for the CRWV bear put spread priced on this page is roughly $105.10 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 CRWV market-implied 1-standard-deviation expected move is approximately 24.08%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

CRWV ATM IV is at 83.99% with IV rank near 18.77%, 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.

CRWV Bear Put Spread Strategy

CRWV (CoreWeave, Inc. Class A Common Stock), in the Technology sector, (Software - Infrastructure industry), listed on NASDAQ.

CoreWeave, Inc. operates a cloud platform that provides scaling, support, and acceleration for GenAI. The company builds the infrastructure that supports compute workloads for enterprises. Its products include GPU compute, CPU compute, storage services, networking services, managed services, and virtual and bare metal servers. Additionally, its platform offers a fleet lifecycle controller, node lifecycle controller, tensorizer, and observability. The company's services also include VFX and rendering, AI model training, AI interference, and mission control. CoreWeave, Inc. was formerly known as Atlantic Crypto Corporation and changed its name to CoreWeave, Inc. in December 2019.

CRWV (CoreWeave, Inc. Class A Common Stock) trades in the Technology sector, specifically Software - Infrastructure, with a market capitalization of approximately $60.73B, a beta of 7.80 versus the broader market, a 52-week range of 61.33-187, average daily share volume of 28.2M, a public-listing history dating back to 2025, approximately 881 full-time employees. These structural characteristics shape how CRWV stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 7.80 indicates CRWV 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 CRWV?

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.

Current CRWV snapshot

As of May 15, 2026, spot at $107.78, ATM IV 83.99%, IV rank 18.77%, expected move 24.08%. The bear put spread on CRWV 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 28-day expiry.

Why this bear put spread structure on CRWV specifically: CRWV IV at 83.99% is on the cheap side of its 1-year range, which favors premium-buying structures like a CRWV bear put spread, with a market-implied 1-standard-deviation move of approximately 24.08% (roughly $25.95 on the underlying). The 28-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated CRWV expiries trade a higher absolute premium for lower per-day decay. Position sizing on CRWV should anchor to the underlying notional of $107.78 per share and to the trader's directional view on CRWV stock.

CRWV bear put spread setup

The CRWV 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 CRWV near $107.78, the first option leg uses a $108.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed CRWV chain at a 28-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 CRWV shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Put	$108.00	$9.85
Sell 1	Put	$102.00	$6.95

CRWV bear put spread risk and reward

Net Premium / Debit: -$290.00
Max Profit (per contract): $310.00
Max Loss (per contract): -$290.00
Breakeven(s): $105.10
Risk / Reward Ratio: 1.069

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.

CRWV bear put spread payoff curve

Modeled P&L at expiration across a range of underlying prices for the bear put spread on CRWV. 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.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	+$310.00
$23.84	-77.9%	+$310.00
$47.67	-55.8%	+$310.00
$71.50	-33.7%	+$310.00
$95.33	-11.6%	+$310.00
$119.16	+10.6%	-$290.00
$142.99	+32.7%	-$290.00
$166.82	+54.8%	-$290.00
$190.65	+76.9%	-$290.00
$214.48	+99.0%	-$290.00

When traders use bear put spread on CRWV

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

CRWV thesis for this bear put spread

The market-implied 1-standard-deviation range for CRWV extends from approximately $81.83 on the downside to $133.73 on the upside. A CRWV bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on CRWV, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current CRWV IV rank near 18.77% 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 CRWV at 83.99%. As a Technology name, CRWV options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to CRWV-specific events.

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

Frequently asked questions

What is a bear put spread on CRWV?: A bear put spread on CRWV is the bear put spread strategy applied to CRWV (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 CRWV stock trading near $107.78, the strikes shown on this page are snapped to the nearest listed CRWV chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are CRWV 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 CRWV bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 83.99%), the computed maximum profit is $310.00 per contract and the computed maximum loss is -$290.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a CRWV bear put spread?: The breakeven for the CRWV bear put spread priced on this page is roughly $105.10 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 CRWV market-implied 1-standard-deviation expected move is approximately 24.08%; 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 CRWV?: Bear put spreads on CRWV reduce the cost of a bearish CRWV 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 CRWV implied volatility affect this bear put spread?: CRWV ATM IV is at 83.99% with IV rank near 18.77%, 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.