FGNX Long Put Strategy
FGNX (FG Nexus Inc.), in the Financial Services sector, (Insurance - Diversified industry), listed on NASDAQ.
FG Nexus, Inc. engages in the provision of reinsurance, asset management and merchant banking services. The company was founded in October 2012 and is headquartered in Charlotte, NC.
FGNX (FG Nexus Inc.) trades in the Financial Services sector, specifically Insurance - Diversified, with a market capitalization of approximately $51.6M, a beta of 1.23 versus the broader market, a 52-week range of 4.175-206.25, average daily share volume of 89K, a public-listing history dating back to 2014, approximately 130 full-time employees. These structural characteristics shape how FGNX stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.23 places FGNX roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.
What is a long put on FGNX?
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 FGNX snapshot
As of May 15, 2026, spot at $6.24, ATM IV 78.70%, expected move 22.56%. The long put on FGNX 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 34-day expiry.
Why this long put structure on FGNX specifically: IV rank is unavailable in the current snapshot, so regime-based timing for FGNX is inferred from ATM IV at 78.70% alone, with a market-implied 1-standard-deviation move of approximately 22.56% (roughly $1.41 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated FGNX expiries trade a higher absolute premium for lower per-day decay. Position sizing on FGNX should anchor to the underlying notional of $6.24 per share and to the trader's directional view on FGNX stock.
FGNX long put setup
The FGNX 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 FGNX near $6.24, the first option leg uses a $6.24 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed FGNX chain at a 34-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 FGNX shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $6.24 | N/A |
FGNX long put 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 the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium.
FGNX long put payoff curve
Modeled P&L at expiration across a range of underlying prices for the long put on FGNX. 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 long put on FGNX
Long puts on FGNX hedge an existing long FGNX stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying FGNX exposure being hedged.
FGNX thesis for this long put
The market-implied 1-standard-deviation range for FGNX extends from approximately $4.83 on the downside to $7.65 on the upside. A FGNX long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long FGNX position with one put per 100 shares held. As a Financial Services name, FGNX options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to FGNX-specific events.
FGNX 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. FGNX positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move FGNX alongside the broader basket even when FGNX-specific fundamentals are unchanged. Long-premium structures like a long put on FGNX 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 FGNX chain quotes before placing a trade.
Frequently asked questions
- What is a long put on FGNX?
- A long put on FGNX is the long put strategy applied to FGNX (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 FGNX stock trading near $6.24, the strikes shown on this page are snapped to the nearest listed FGNX chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are FGNX 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 FGNX long put priced from the end-of-day chain at a 30-day expiry (ATM IV 78.70%), 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 FGNX long put?
- The breakeven for the FGNX long put priced on this page is no defined breakeven on the modeled curve 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 FGNX market-implied 1-standard-deviation expected move is approximately 22.56%; 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 FGNX?
- Long puts on FGNX hedge an existing long FGNX stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying FGNX exposure being hedged.
- How does current FGNX implied volatility affect this long put?
- Current FGNX ATM IV is 78.70%; IV rank context is unavailable in the current snapshot.