How are INGR 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 INGR straddle priced from the end-of-day chain at a 30-day expiry (ATM IV 12.20%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$349.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a INGR straddle?

The breakeven for the INGR straddle priced on this page is roughly $91.50 and $98.50 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 INGR market-implied 1-standard-deviation expected move is approximately 3.50%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current INGR implied volatility affect this straddle?

INGR ATM IV is at 12.20% with IV rank near 0.89%, 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.

INGR Straddle Strategy

INGR (Ingredion Incorporated), in the Consumer Defensive sector, (Packaged Foods industry), listed on NYSE.

Ingredion Incorporated, along with its affiliated entities, specializes in the global production and sale of starches and sweeteners, catering to a diverse range of industries. The company's operations are strategically organized into four geographical segments: North America, South America, Asia-Pacific, and Europe, the Middle East, and Africa. Its extensive product portfolio includes a variety of sweetener solutions such as glucose, high maltose, and high fructose corn syrups, as well as caramel colors, dextrose, polyols, maltodextrins, and glucose syrup solids. Beyond sweeteners, Ingredion also provides food-grade and industrial starches, biomaterials, and key nutrition ingredients. The company further offers specific corn-derived products like edible corn oil, and refined corn oil supplied to manufacturers of cooking oils, margarine, salad dressings, shortening, and mayonnaise. It also produces corn gluten feed, a protein source for poultry, pet food, and aquaculture.

INGR (Ingredion Incorporated) trades in the Consumer Defensive sector, specifically Packaged Foods, with a market capitalization of approximately $6.15B, a trailing P/E of 9.20, a beta of 0.60 versus the broader market, a 52-week range of 96.56-138.4, average daily share volume of 835K, a public-listing history dating back to 1997, approximately 11K full-time employees. These structural characteristics shape how INGR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.60 indicates INGR has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. The trailing P/E of 9.20 is on the value side, where IV often compresses outside event windows because forward growth expectations are already discounted into the share price. INGR pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a straddle on INGR?

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 INGR snapshot

As of June 30, 2026, spot at $94.53, ATM IV 12.20%, IV rank 0.89%, expected move 3.50%. The straddle on INGR 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 INGR specifically: INGR IV at 12.20% is on the cheap side of its 1-year range, which favors premium-buying structures like a INGR straddle, with a market-implied 1-standard-deviation move of approximately 3.50% (roughly $3.31 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 INGR expiries trade a higher absolute premium for lower per-day decay. Position sizing on INGR should anchor to the underlying notional of $94.53 per share and to the trader's directional view on INGR stock.

INGR straddle setup

The INGR 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 INGR near $94.53, the first option leg uses a $95.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed INGR 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 INGR shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Call	$95.00	$1.25
Buy 1	Put	$95.00	$2.25

INGR straddle risk and reward

Net Premium / Debit: -$350.00
Max Profit (per contract): Unbounded
Max Loss (per contract): -$349.00
Breakeven(s): $91.50, $98.50
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.

INGR straddle payoff curve

Modeled P&L at expiration across a range of underlying prices for the straddle on INGR. 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%	+$9,149.00
$20.91	-77.9%	+$7,059.00
$41.81	-55.8%	+$4,969.00
$62.71	-33.7%	+$2,879.00
$83.61	-11.6%	+$789.00
$104.51	+10.6%	+$601.00
$125.41	+32.7%	+$2,691.00
$146.31	+54.8%	+$4,781.00
$167.21	+76.9%	+$6,871.00
$188.11	+99.0%	+$8,961.00

When traders use straddle on INGR

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

INGR thesis for this straddle

The market-implied 1-standard-deviation range for INGR extends from approximately $91.22 on the downside to $97.84 on the upside. A INGR 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 INGR IV rank near 0.89% 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 INGR at 12.20%. As a Consumer Defensive name, INGR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to INGR-specific events.

INGR 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. INGR positions also carry Consumer Defensive sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move INGR alongside the broader basket even when INGR-specific fundamentals are unchanged. Always rebuild the position from current INGR chain quotes before placing a trade.

Frequently asked questions

What is a straddle on INGR?: A straddle on INGR is the straddle strategy applied to INGR (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 INGR stock trading near $94.53, the strikes shown on this page are snapped to the nearest listed INGR chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are INGR 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 INGR straddle priced from the end-of-day chain at a 30-day expiry (ATM IV 12.20%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$349.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a INGR straddle?: The breakeven for the INGR straddle priced on this page is roughly $91.50 and $98.50 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 INGR market-implied 1-standard-deviation expected move is approximately 3.50%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a straddle on INGR?: Straddles on INGR are pure-volatility plays that profit from large moves in either direction; traders typically buy INGR 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 INGR implied volatility affect this straddle?: INGR ATM IV is at 12.20% with IV rank near 0.89%, 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.