How are ECG 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 ECG long put priced from the end-of-day chain at a 30-day expiry (ATM IV 58.50%), the computed maximum profit is $15,069.00 per contract and the computed maximum loss is -$930.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a ECG long put?

The breakeven for the ECG long put priced on this page is roughly $150.70 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 ECG market-implied 1-standard-deviation expected move is approximately 16.77%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current ECG implied volatility affect this long put?

ECG ATM IV is at 58.50% with IV rank near 14.36%, 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.

ECG Long Put Strategy

ECG (Everus Construction Group, Inc.), in the Industrials sector, (Engineering & Construction industry), listed on NYSE.

Everus Construction Group, Inc. specializes in developing utility infrastructure. Their comprehensive service portfolio includes building electrical transmission lines and pipelines, alongside internal electrical wiring, cabling installations, and various mechanical solutions. Furthermore, the firm manufactures and distributes specialized equipment and electrical control panels. They are also responsible for the installation and ongoing maintenance of automatic fire suppression systems, particularly within the Las Vegas and Reno regions. This company was founded in 1995 and maintains its primary base of operations in Bismarck, North Dakota.

ECG (Everus Construction Group, Inc.) trades in the Industrials sector, specifically Engineering & Construction, with a market capitalization of approximately $7.93B, a trailing P/E of 35.52, a beta of 2.42 versus the broader market, a 52-week range of 60.783-171.577, average daily share volume of 623K, a public-listing history dating back to 2024, approximately 9K full-time employees. These structural characteristics shape how ECG stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 2.42 indicates ECG has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. The trailing P/E of 35.52 is on the rich side, which tends to correlate with higher earnings-window IV expansion as the market debates whether forward growth supports the multiple.

What is a long put on ECG?

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 ECG snapshot

As of June 29, 2026, spot at $158.03, ATM IV 58.50%, IV rank 14.36%, expected move 16.77%. The long put on ECG 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 18-day expiry.

Why this long put structure on ECG specifically: ECG IV at 58.50% is on the cheap side of its 1-year range, which favors premium-buying structures like a ECG long put, with a market-implied 1-standard-deviation move of approximately 16.77% (roughly $26.50 on the underlying). The 18-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated ECG expiries trade a higher absolute premium for lower per-day decay. Position sizing on ECG should anchor to the underlying notional of $158.03 per share and to the trader's directional view on ECG stock.

ECG long put setup

The ECG 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 ECG near $158.03, the first option leg uses a $160.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ECG chain at a 18-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 ECG shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Put	$160.00	$9.30

ECG long put risk and reward

Net Premium / Debit: -$930.00
Max Profit (per contract): $15,069.00
Max Loss (per contract): -$930.00
Breakeven(s): $150.70
Risk / Reward Ratio: 16.203

Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium.

ECG long put payoff curve

Modeled P&L at expiration across a range of underlying prices for the long put on ECG. 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%	+$15,069.00
$34.95	-77.9%	+$11,574.98
$69.89	-55.8%	+$8,080.96
$104.83	-33.7%	+$4,586.94
$139.77	-11.6%	+$1,092.92
$174.71	+10.6%	-$930.00
$209.65	+32.7%	-$930.00
$244.59	+54.8%	-$930.00
$279.53	+76.9%	-$930.00
$314.47	+99.0%	-$930.00

When traders use long put on ECG

Long puts on ECG hedge an existing long ECG stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying ECG exposure being hedged.

ECG thesis for this long put

The market-implied 1-standard-deviation range for ECG extends from approximately $131.53 on the downside to $184.53 on the upside. A ECG long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long ECG position with one put per 100 shares held. Current ECG IV rank near 14.36% 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 ECG at 58.50%. As a Industrials name, ECG options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ECG-specific events.

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

Frequently asked questions

What is a long put on ECG?: A long put on ECG is the long put strategy applied to ECG (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 ECG stock trading near $158.03, the strikes shown on this page are snapped to the nearest listed ECG chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are ECG 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 ECG long put priced from the end-of-day chain at a 30-day expiry (ATM IV 58.50%), the computed maximum profit is $15,069.00 per contract and the computed maximum loss is -$930.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a ECG long put?: The breakeven for the ECG long put priced on this page is roughly $150.70 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 ECG market-implied 1-standard-deviation expected move is approximately 16.77%; 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 ECG?: Long puts on ECG hedge an existing long ECG stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying ECG exposure being hedged.
How does current ECG implied volatility affect this long put?: ECG ATM IV is at 58.50% with IV rank near 14.36%, 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.