How are GCT 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 GCT bear put spread priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 51.70%), the computed maximum profit is $0.00 per contract and the computed maximum loss is $0.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a GCT bear put spread?

The breakeven for the GCT bear put spread priced on this page is no defined breakeven on the modeled curve 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 GCT market-implied 1-standard-deviation expected move in the same options snapshot is approximately 14.82%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

GCT ATM IV is at 51.70% with IV rank near 3.23%, 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.

GCT Bear Put Spread Strategy

GCT (GigaCloud Technology Inc.), in the Technology sector, (Software - Infrastructure industry), listed on NASDAQ.

GigaCloud Technology Inc. offers comprehensive business-to-business e-commerce solutions tailored for the sale of large, bulky merchandise. Its digital marketplace acts as a facilitator, linking manufacturers predominantly in Asia with a network of resellers throughout the United States, Asia, and Europe. This platform enables the execution of international transactions for categories including furniture, major home appliances, fitness equipment, and other oversized goods. Established in 2006, the company is headquartered in Suzhou, China. It officially rebranded to GigaCloud Technology Inc. in February 2021, having formerly operated as Oriental Standard Human Resources Holdings Limited.

GCT (GigaCloud Technology Inc.) trades in the Technology sector, specifically Software - Infrastructure, with a market capitalization of approximately $1.93B, a trailing P/E of 12.09, a beta of 1.64 versus the broader market, a 52-week range of 25.15-56.27, average daily share volume of 751K, a public-listing history dating back to 2022, approximately 2K full-time employees. These structural characteristics shape how GCT stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.64 indicates GCT 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 GCT?

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.

GCT snapshot

As of August 14, 2026, spot at $52.48, ATM IV 51.70%, IV rank 3.23%, expected move 14.82%. The bear put spread on GCT 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 154-day expiry.

Why this bear put spread structure on GCT specifically: GCT IV at 51.70% is on the cheap side of its 1-year range, which favors premium-buying structures like a GCT bear put spread, with a market-implied 1-standard-deviation move of approximately 14.82% (roughly $7.78 on the underlying). The 154-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated GCT expiries trade a higher absolute premium for lower per-day decay. Position sizing on GCT should anchor to the underlying notional of $52.48 per share and to the trader's directional view on GCT stock.

GCT bear put spread setup

The GCT 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 GCT at $52.48 on that close, the first option leg uses a $50.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed GCT chain at a 154-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 GCT shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Put	$50.00	$6.40
Sell 1	Put	$50.00	$6.40

GCT bear put spread risk and reward

Net Premium / Debit: $0.00
Max Profit (per contract): $0.00
Max Loss (per contract): $0.00
Breakeven(s): None on modeled curve
Risk / Reward Ratio: N/A

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.

GCT bear put spread payoff curve

Modeled P&L at expiration across a range of underlying prices for the bear put spread on GCT. 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%	$0.00
$11.61	-77.9%	$0.00
$23.22	-55.8%	$0.00
$34.82	-33.7%	$0.00
$46.42	-11.5%	$0.00
$58.02	+10.6%	$0.00
$69.63	+32.7%	$0.00
$81.23	+54.8%	$0.00
$92.83	+76.9%	$0.00
$104.43	+99.0%	$0.00

When traders use bear put spread on GCT

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

GCT thesis for this bear put spread

The market-implied 1-standard-deviation range for GCT extends from approximately $44.70 on the downside to $60.26 on the upside. A GCT bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on GCT, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current GCT IV rank near 3.23% 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 GCT at 51.70%. As a Technology name, GCT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to GCT-specific events.

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

Frequently asked questions

What is a bear put spread on GCT?: A bear put spread on GCT is the bear put spread strategy applied to GCT (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 GCT stock at $52.48 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed GCT chain strike and the premiums come straight from that session's bid/ask midpoint.
How are GCT 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 GCT bear put spread priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 51.70%), the computed maximum profit is $0.00 per contract and the computed maximum loss is $0.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a GCT bear put spread?: The breakeven for the GCT bear put spread priced on this page is no defined breakeven on the modeled curve 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 GCT market-implied 1-standard-deviation expected move in the same options snapshot is approximately 14.82%; 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 GCT?: Bear put spreads on GCT reduce the cost of a bearish GCT 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 GCT implied volatility affect this bear put spread?: GCT ATM IV is at 51.70% with IV rank near 3.23%, 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.