GLOB Long Put Strategy
GLOB (Globant S.A.), in the Technology sector, (Information Technology Services industry), listed on NYSE.
Globant S.A. operates as a technology services company worldwide. It offers e-commerce, new distribution capabilities, augmented revenue management, hyper connected operation, and conversational user experience services through reinvention studios; digital lending, commercial effectiveness, finance, sustainability, regulation analytic, transformation and post-merger integration, and payment and open banking services; and game and graphic engineering, UI and UX design, game as a service, DevOps, and online services, as well as high tech tools. The company also provides smart farming, image diagnosis, healthcare interoperability, genomics data processing, telemedicine and medical device, research and development, and precision medicine services; media and entertainment, and travel and hospitality services; cloud transformation advice, building cloud environment, moving workloads to the cloud, cloud support and operation, chaos engineering, and site reliability engineering services; and data strategies, insights, data platforms, MLOps, and data as a product services. In addition, it offers agile delivery, blockchain, business and cultural hacking, conversational interface, cybersecurity, design, digital sales and marketing, enterprise applications, internet of thing, metaverse, process optimization, quality engineering, salesforce, smart venue, UI engineering, and sustainable business solutions. Further, the company provides smart underwriting, monitoring, and digital collection services; digital experience platforms; product strategy, management, and delivery services; and strategic architecture consulting, platforms evolution, and augmented composable solutions. Additionally, it operates augmented coding and testing, StarMeUp, PagoChat, ShopChat, and Walmeric platforms.
GLOB (Globant S.A.) trades in the Technology sector, specifically Information Technology Services, with a market capitalization of approximately $1.41B, a trailing P/E of 14.22, a beta of 1.04 versus the broader market, a 52-week range of 32.5-133.36, average daily share volume of 1.4M, a public-listing history dating back to 2014, approximately 31K full-time employees. These structural characteristics shape how GLOB stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.04 places GLOB 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 GLOB?
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 GLOB snapshot
As of May 15, 2026, spot at $39.05, ATM IV 74.30%, IV rank 23.74%, expected move 21.30%. The long put on GLOB 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 154-day expiry.
Why this long put structure on GLOB specifically: GLOB IV at 74.30% is on the cheap side of its 1-year range, which favors premium-buying structures like a GLOB long put, with a market-implied 1-standard-deviation move of approximately 21.30% (roughly $8.32 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 GLOB expiries trade a higher absolute premium for lower per-day decay. Position sizing on GLOB should anchor to the underlying notional of $39.05 per share and to the trader's directional view on GLOB stock.
GLOB long put setup
The GLOB 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 GLOB near $39.05, the first option leg uses a $40.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed GLOB 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 GLOB shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $40.00 | $7.80 |
GLOB long put risk and reward
- Net Premium / Debit
- -$780.00
- Max Profit (per contract)
- $3,219.00
- Max Loss (per contract)
- -$780.00
- Breakeven(s)
- $32.20
- Risk / Reward Ratio
- 4.127
Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium.
GLOB long put payoff curve
Modeled P&L at expiration across a range of underlying prices for the long put on GLOB. 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% | +$3,219.00 |
| $8.64 | -77.9% | +$2,355.69 |
| $17.28 | -55.8% | +$1,492.39 |
| $25.91 | -33.7% | +$629.08 |
| $34.54 | -11.5% | -$234.23 |
| $43.18 | +10.6% | -$780.00 |
| $51.81 | +32.7% | -$780.00 |
| $60.44 | +54.8% | -$780.00 |
| $69.07 | +76.9% | -$780.00 |
| $77.71 | +99.0% | -$780.00 |
When traders use long put on GLOB
Long puts on GLOB hedge an existing long GLOB stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying GLOB exposure being hedged.
GLOB thesis for this long put
The market-implied 1-standard-deviation range for GLOB extends from approximately $30.73 on the downside to $47.37 on the upside. A GLOB long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long GLOB position with one put per 100 shares held. Current GLOB IV rank near 23.74% 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 GLOB at 74.30%. As a Technology name, GLOB options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to GLOB-specific events.
GLOB 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. GLOB positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move GLOB alongside the broader basket even when GLOB-specific fundamentals are unchanged. Long-premium structures like a long put on GLOB 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 GLOB chain quotes before placing a trade.
Frequently asked questions
- What is a long put on GLOB?
- A long put on GLOB is the long put strategy applied to GLOB (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 GLOB stock trading near $39.05, the strikes shown on this page are snapped to the nearest listed GLOB chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are GLOB 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 GLOB long put priced from the end-of-day chain at a 30-day expiry (ATM IV 74.30%), the computed maximum profit is $3,219.00 per contract and the computed maximum loss is -$780.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a GLOB long put?
- The breakeven for the GLOB long put priced on this page is roughly $32.20 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 GLOB market-implied 1-standard-deviation expected move is approximately 21.30%; 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 GLOB?
- Long puts on GLOB hedge an existing long GLOB stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying GLOB exposure being hedged.
- How does current GLOB implied volatility affect this long put?
- GLOB ATM IV is at 74.30% with IV rank near 23.74%, 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.