How are HURN straddle max profit and max loss calculated?

Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit. For the HURN straddle priced from the end-of-day chain at a 30-day expiry (ATM IV 59.10%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$942.94 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a HURN straddle?

The breakeven for the HURN straddle priced on this page is roughly $80.45 and $99.55 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 HURN market-implied 1-standard-deviation expected move is approximately 16.94%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current HURN implied volatility affect this straddle?

HURN ATM IV is at 59.10% with IV rank near 62.35%, 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.

HURN Straddle Strategy

HURN (Huron Consulting Group Inc.), in the Industrials sector, (Consulting Services industry), listed on NASDAQ.

Huron Consulting Group Inc. provides global professional services in the United States and internationally. It operates through three segments: Healthcare, Education, and Commercial. The company offers financial and operational performance improvement consulting services; digital services; spanning technology and analytic-related services, including enterprise health record, enterprise resource planning, enterprise performance management, customer relationship management, data management, artificial intelligence and automation, technology managed services, and a portfolio of software products; organizational transformation; revenue cycle managed services and outsourcing; financial and capital advisory consulting; and strategy and innovation consulting. It also provides research-focused consulting and managed services, as well as Huron Research product suite, a software suite designed to facilitate and improve research administration service delivery and compliance. In addition, the company offers software products, financial capital advisory services, regulatory compliance and risk management consulting, and Commercial consulting. The company serves healthcare, education, financial services, industrials and manufacturing, energy and utilities, public sector, and other commercial industries.

HURN (Huron Consulting Group Inc.) trades in the Industrials sector, specifically Consulting Services, with a market capitalization of approximately $1.60B, a trailing P/E of 16.16, a beta of 0.09 versus the broader market, a 52-week range of 84.88-186.78, average daily share volume of 271K, a public-listing history dating back to 2004, approximately 9K full-time employees. These structural characteristics shape how HURN stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.09 indicates HURN has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure.

What is a straddle on HURN?

A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration.

Current HURN snapshot

As of June 30, 2026, spot at $91.25, ATM IV 59.10%, IV rank 62.35%, expected move 16.94%. The straddle on HURN 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 straddle structure on HURN specifically: HURN IV at 59.10% 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 16.94% (roughly $15.46 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 HURN expiries trade a higher absolute premium for lower per-day decay. Position sizing on HURN should anchor to the underlying notional of $91.25 per share and to the trader's directional view on HURN stock.

HURN straddle setup

The HURN straddle below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With HURN near $91.25, the first option leg uses a $90.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed HURN 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 HURN shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Call	$90.00	$5.80
Buy 1	Put	$90.00	$3.75

HURN straddle risk and reward

Net Premium / Debit: -$955.00
Max Profit (per contract): Unbounded
Max Loss (per contract): -$942.94
Breakeven(s): $80.45, $99.55
Risk / Reward Ratio: Unbounded

Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit.

HURN straddle payoff curve

Modeled P&L at expiration across a range of underlying prices for the straddle on HURN. 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%	+$8,044.00
$20.18	-77.9%	+$6,026.52
$40.36	-55.8%	+$4,009.05
$60.53	-33.7%	+$1,991.57
$80.71	-11.6%	-$25.91
$100.88	+10.6%	+$133.39
$121.06	+32.7%	+$2,150.86
$141.23	+54.8%	+$4,168.34
$161.41	+76.9%	+$6,185.82
$181.58	+99.0%	+$8,203.30

When traders use straddle on HURN

Straddles on HURN are pure-volatility plays that profit from large moves in either direction; traders typically buy HURN straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.

HURN thesis for this straddle

The market-implied 1-standard-deviation range for HURN extends from approximately $75.79 on the downside to $106.71 on the upside. A HURN long straddle is a pure-volatility play: it profits when the underlying moves far enough from the strike in either direction to overcome the combined call plus put debit, regardless of direction. Current HURN IV rank near 62.35% is mid-range against its 1-year distribution, so the IV signal is neutral; the straddle thesis on HURN should anchor more to the directional view and the expected-move geometry. As a Industrials name, HURN options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to HURN-specific events.

HURN straddle positions are structurally neutral / high-volatility (long premium); 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. HURN positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move HURN alongside the broader basket even when HURN-specific fundamentals are unchanged. Always rebuild the position from current HURN chain quotes before placing a trade.

Frequently asked questions

What is a straddle on HURN?: A straddle on HURN is the straddle strategy applied to HURN (stock). The strategy is structurally neutral / high-volatility (long premium): A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration. With HURN stock trading near $91.25, the strikes shown on this page are snapped to the nearest listed HURN chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are HURN straddle max profit and max loss calculated?: Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit. For the HURN straddle priced from the end-of-day chain at a 30-day expiry (ATM IV 59.10%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$942.94 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a HURN straddle?: The breakeven for the HURN straddle priced on this page is roughly $80.45 and $99.55 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 HURN market-implied 1-standard-deviation expected move is approximately 16.94%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a straddle on HURN?: Straddles on HURN are pure-volatility plays that profit from large moves in either direction; traders typically buy HURN straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.
How does current HURN implied volatility affect this straddle?: HURN ATM IV is at 59.10% with IV rank near 62.35%, 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.