GOOS Bear Put Spread Strategy
GOOS (Canada Goose Holdings Inc.), in the Consumer Cyclical sector, (Apparel - Manufacturers industry), listed on NYSE.
Canada Goose Holdings Inc. designs, produces, and markets premium performance attire for individuals of all ages, including men, women, youth, children, and infants. Its global presence spans Canada, the United States, Asia Pacific, Europe, the Middle East, Africa, and Latin America. The company's business is structured across three primary segments: Direct-to-Consumer sales, Wholesale operations, and Other activities. Their product portfolio encompasses parkas, lightweight down jackets, rainwear, windwear, knitwear, footwear, and various accessories, catering to the autumn, winter, and spring seasons. As of April 3, 2022, Canada Goose engaged with customers via 56 national e-commerce platforms and 41 company-operated retail outlets located across North America, Europe, and the Asia Pacific region. Furthermore, its products are distributed through a network of wholesale partners and third-party distributors.
GOOS (Canada Goose Holdings Inc.) trades in the Consumer Cyclical sector, specifically Apparel - Manufacturers, with a market capitalization of approximately $839.4M, a trailing P/E of 20.63, a beta of 1.77 versus the broader market, a 52-week range of 8.56-15.397, average daily share volume of 619K, a public-listing history dating back to 2017, approximately 4K full-time employees. These structural characteristics shape how GOOS stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.77 indicates GOOS 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 GOOS?
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.
GOOS snapshot
As of August 14, 2026, spot at $8.72, ATM IV 161.70%, IV rank 30.18%, expected move 46.36%. The bear put spread on GOOS 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 14-day expiry.
Why this bear put spread structure on GOOS specifically: GOOS IV at 161.70% is mid-range versus its 1-year history, so strategy selection should anchor more to the directional thesis than to the IV regime, with a market-implied 1-standard-deviation move of approximately 46.36% (roughly $4.04 on the underlying). The 14-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated GOOS expiries trade a higher absolute premium for lower per-day decay. Position sizing on GOOS should anchor to the underlying notional of $8.72 per share and to the trader's directional view on GOOS stock.
GOOS bear put spread setup
The GOOS 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 GOOS at $8.72 on that close, the first option leg uses a $8.50 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed GOOS chain at a 14-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 GOOS shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $8.50 | $0.13 |
| Sell 1 | Put | $8.50 | $0.13 |
GOOS 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.
GOOS bear put spread payoff curve
Modeled P&L at expiration across a range of underlying prices for the bear put spread on GOOS. 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% | $0.00 |
| $1.94 | -77.8% | $0.00 |
| $3.86 | -55.7% | $0.00 |
| $5.79 | -33.6% | $0.00 |
| $7.72 | -11.5% | $0.00 |
| $9.64 | +10.6% | $0.00 |
| $11.57 | +32.7% | $0.00 |
| $13.50 | +54.8% | $0.00 |
| $15.43 | +76.9% | $0.00 |
| $17.35 | +99.0% | $0.00 |
When traders use bear put spread on GOOS
Bear put spreads on GOOS reduce the cost of a bearish GOOS stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.
GOOS thesis for this bear put spread
The market-implied 1-standard-deviation range for GOOS extends from approximately $4.68 on the downside to $12.76 on the upside. A GOOS bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on GOOS, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current GOOS IV rank near 30.18% is mid-range against its 1-year distribution, so the IV signal is neutral; the bear put spread thesis on GOOS should anchor more to the directional view and the expected-move geometry. As a Consumer Cyclical name, GOOS options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to GOOS-specific events.
GOOS 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. GOOS positions also carry Consumer Cyclical sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move GOOS alongside the broader basket even when GOOS-specific fundamentals are unchanged. Long-premium structures like a bear put spread on GOOS 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 GOOS chain quotes before placing a trade.
Frequently asked questions
- What is a bear put spread on GOOS?
- A bear put spread on GOOS is the bear put spread strategy applied to GOOS (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 GOOS stock at $8.72 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed GOOS chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are GOOS 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 GOOS bear put spread priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 161.70%), 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 GOOS bear put spread?
- The breakeven for the GOOS 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 GOOS market-implied 1-standard-deviation expected move in the same options snapshot is approximately 46.36%; 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 GOOS?
- Bear put spreads on GOOS reduce the cost of a bearish GOOS 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 GOOS implied volatility affect this bear put spread?
- GOOS ATM IV is at 161.70% with IV rank near 30.18%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.