FUBO Long Put Strategy
FUBO (fuboTV Inc.), in the Communication Services sector, (Broadcasting industry), listed on NYSE.
fuboTV Inc. operates a live television streaming service specializing in real-time sports, news, and general entertainment content. Its operations extend across the United States and into various international territories. Through its proprietary fuboTV platform, subscribers can access this programming on a wide array of devices, including smart televisions, dedicated streaming hardware, computers, mobile phones, and tablets. The company's corporate headquarters are situated in New York, New York.
FUBO (fuboTV Inc.) trades in the Communication Services sector, specifically Broadcasting, with a market capitalization of approximately $1.06B, a beta of 2.40 versus the broader market, a 52-week range of 7.95-56.64, average daily share volume of 1.7M, a public-listing history dating back to 2019, approximately 510 full-time employees. These structural characteristics shape how FUBO stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 2.40 indicates FUBO 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 long put on FUBO?
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.
FUBO snapshot
As of August 14, 2026, spot at $10.44, ATM IV 73.76%, IV rank 10.00%, expected move 21.15%. The long put on FUBO 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 28-day expiry.
Why this long put structure on FUBO specifically: FUBO IV at 73.76% is on the cheap side of its 1-year range, which favors premium-buying structures like a FUBO long put, with a market-implied 1-standard-deviation move of approximately 21.15% (roughly $2.21 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 FUBO expiries trade a higher absolute premium for lower per-day decay. Position sizing on FUBO should anchor to the underlying notional of $10.44 per share and to the trader's directional view on FUBO stock.
FUBO long put setup
The FUBO long put 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 FUBO at $10.44 on that close, the first option leg uses a $10.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed FUBO 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 FUBO shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $10.00 | $0.64 |
FUBO long put risk and reward
- Net Premium / Debit
- -$63.50
- Max Profit (per contract)
- $935.50
- Max Loss (per contract)
- -$63.50
- Breakeven(s)
- $9.37
- Risk / Reward Ratio
- 14.732
Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium.
FUBO long put payoff curve
Modeled P&L at expiration across a range of underlying prices for the long put on FUBO. 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 | -99.9% | +$935.50 |
| $2.32 | -77.8% | +$704.78 |
| $4.62 | -55.7% | +$474.05 |
| $6.93 | -33.6% | +$243.33 |
| $9.24 | -11.5% | +$12.61 |
| $11.55 | +10.6% | -$63.50 |
| $13.85 | +32.7% | -$63.50 |
| $16.16 | +54.8% | -$63.50 |
| $18.47 | +76.9% | -$63.50 |
| $20.78 | +99.0% | -$63.50 |
When traders use long put on FUBO
Long puts on FUBO hedge an existing long FUBO stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying FUBO exposure being hedged.
FUBO thesis for this long put
The market-implied 1-standard-deviation range for FUBO extends from approximately $8.23 on the downside to $12.65 on the upside. A FUBO long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long FUBO position with one put per 100 shares held. Current FUBO IV rank near 10.00% 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 FUBO at 73.76%. As a Communication Services name, FUBO options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to FUBO-specific events.
FUBO 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. FUBO positions also carry Communication Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move FUBO alongside the broader basket even when FUBO-specific fundamentals are unchanged. Long-premium structures like a long put on FUBO 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 FUBO chain quotes before placing a trade.
Frequently asked questions
- What is a long put on FUBO?
- A long put on FUBO is the long put strategy applied to FUBO (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 FUBO stock at $10.44 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed FUBO chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are FUBO 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 FUBO long put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 73.76%), the computed maximum profit is $935.50 per contract and the computed maximum loss is -$63.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a FUBO long put?
- The breakeven for the FUBO long put priced on this page is roughly $9.37 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 FUBO market-implied 1-standard-deviation expected move in the same options snapshot is approximately 21.15%; 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 FUBO?
- Long puts on FUBO hedge an existing long FUBO stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying FUBO exposure being hedged.
- How does current FUBO implied volatility affect this long put?
- FUBO ATM IV is at 73.76% with IV rank near 10.00%, 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.