How are GSAT 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 GSAT long put priced from the end-of-day chain at a 30-day expiry (ATM IV 5.70%), the computed maximum profit is $7,936.50 per contract and the computed maximum loss is -$62.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a GSAT long put?

The breakeven for the GSAT long put priced on this page is roughly $79.38 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 GSAT market-implied 1-standard-deviation expected move is approximately 1.63%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current GSAT implied volatility affect this long put?

GSAT ATM IV is at 5.70% with IV rank near 0.24%, 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.

GSAT Long Put Strategy

GSAT (Globalstar, Inc.), in the Communication Services sector, (Telecommunications Services industry), listed on NASDAQ.

Globalstar, Inc. operates globally, delivering a range of mobile satellite communication solutions. Its offerings encompass two-way voice and data satellite communication, available for both mobile and fixed applications. This includes providing connectivity and equipment crucial for remote business operations, recreational activities, safety protocols, and emergency response. They also supply stationary satellite communication equipment and services for industrial, commercial, and residential locations, including isolated communities and maritime vessels. Additionally, data modem services and associated hardware are a key part of their portfolio. Globalstar further extends its reach with consumer-oriented SPOT products, notably the SPOT satellite GPS messenger, which provides personal tracking, emergency location, and messaging capabilities.

GSAT (Globalstar, Inc.) trades in the Communication Services sector, specifically Telecommunications Services, with a market capitalization of approximately $10.34B, a beta of 1.54 versus the broader market, a 52-week range of 22.35-84.7, average daily share volume of 1.7M, a public-listing history dating back to 2006, approximately 389 full-time employees. These structural characteristics shape how GSAT stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.54 indicates GSAT 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 GSAT?

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 GSAT snapshot

As of June 30, 2026, spot at $81.24, ATM IV 5.70%, IV rank 0.24%, expected move 1.63%. The long put on GSAT 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 17-day expiry.

Why this long put structure on GSAT specifically: GSAT IV at 5.70% is on the cheap side of its 1-year range, which favors premium-buying structures like a GSAT long put, with a market-implied 1-standard-deviation move of approximately 1.63% (roughly $1.33 on the underlying). The 17-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated GSAT expiries trade a higher absolute premium for lower per-day decay. Position sizing on GSAT should anchor to the underlying notional of $81.24 per share and to the trader's directional view on GSAT stock.

GSAT long put setup

The GSAT 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 GSAT near $81.24, the first option leg uses a $80.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed GSAT chain at a 17-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 GSAT shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Put	$80.00	$0.63

GSAT long put risk and reward

Net Premium / Debit: -$62.50
Max Profit (per contract): $7,936.50
Max Loss (per contract): -$62.50
Breakeven(s): $79.38
Risk / Reward Ratio: 126.984

Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium.

GSAT long put payoff curve

Modeled P&L at expiration across a range of underlying prices for the long put on GSAT. 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%	+$7,936.50
$17.97	-77.9%	+$6,140.35
$35.93	-55.8%	+$4,344.20
$53.89	-33.7%	+$2,548.05
$71.86	-11.6%	+$751.90
$89.82	+10.6%	-$62.50
$107.78	+32.7%	-$62.50
$125.74	+54.8%	-$62.50
$143.70	+76.9%	-$62.50
$161.66	+99.0%	-$62.50

When traders use long put on GSAT

Long puts on GSAT hedge an existing long GSAT stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying GSAT exposure being hedged.

GSAT thesis for this long put

The market-implied 1-standard-deviation range for GSAT extends from approximately $79.91 on the downside to $82.57 on the upside. A GSAT long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long GSAT position with one put per 100 shares held. Current GSAT IV rank near 0.24% 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 GSAT at 5.70%. As a Communication Services name, GSAT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to GSAT-specific events.

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

Frequently asked questions

What is a long put on GSAT?: A long put on GSAT is the long put strategy applied to GSAT (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 GSAT stock trading near $81.24, the strikes shown on this page are snapped to the nearest listed GSAT chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are GSAT 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 GSAT long put priced from the end-of-day chain at a 30-day expiry (ATM IV 5.70%), the computed maximum profit is $7,936.50 per contract and the computed maximum loss is -$62.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a GSAT long put?: The breakeven for the GSAT long put priced on this page is roughly $79.38 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 GSAT market-implied 1-standard-deviation expected move is approximately 1.63%; 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 GSAT?: Long puts on GSAT hedge an existing long GSAT stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying GSAT exposure being hedged.
How does current GSAT implied volatility affect this long put?: GSAT ATM IV is at 5.70% with IV rank near 0.24%, 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.