KRNT Long Put Strategy
KRNT (Kornit Digital Ltd.), in the Industrials sector, (Industrial - Machinery industry), listed on NASDAQ.
Kornit Digital Ltd. is a global leader in providing advanced digital printing solutions tailored for the textile industry. With a global footprint, their operations extend across North America, Europe, the Middle East, Africa, and the Asia Pacific, specifically serving the fashion, apparel, and home decor sectors. The company's comprehensive portfolio encompasses state-of-the-art digital printing systems, proprietary inks and consumables, specialized software, and a suite of value-added services. Key offerings include their innovative direct-to-garment (DTG) printing platforms, designed to meet the needs of a wide spectrum of clients, from small-scale industrial operators to large-volume manufacturers. They also provide their unique NeoPigment ink series, the QuickP designer software, and essential services such as maintenance, technical support, expert consulting, and professional implementation. Kornit Digital caters to a diverse clientele, including textile decorators, e-commerce businesses, established brand owners, and contract printers.
KRNT (Kornit Digital Ltd.) trades in the Industrials sector, specifically Industrial - Machinery, with a market capitalization of approximately $744.2M, a beta of 1.74 versus the broader market, a 52-week range of 11.93-22.06, average daily share volume of 292K, a public-listing history dating back to 2015, approximately 715 full-time employees. These structural characteristics shape how KRNT stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.74 indicates KRNT 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 KRNT?
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 KRNT snapshot
As of June 29, 2026, spot at $16.20, ATM IV 39.40%, IV rank 4.39%, expected move 11.30%. The long put on KRNT 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 18-day expiry.
Why this long put structure on KRNT specifically: KRNT IV at 39.40% is on the cheap side of its 1-year range, which favors premium-buying structures like a KRNT long put, with a market-implied 1-standard-deviation move of approximately 11.30% (roughly $1.83 on the underlying). The 18-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated KRNT expiries trade a higher absolute premium for lower per-day decay. Position sizing on KRNT should anchor to the underlying notional of $16.20 per share and to the trader's directional view on KRNT stock.
KRNT long put setup
The KRNT 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 KRNT near $16.20, the first option leg uses a $16.20 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed KRNT chain at a 18-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 KRNT shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $16.20 | N/A |
KRNT long put risk and reward
- Net Premium / Debit
- N/A
- Max Profit (per contract)
- Unbounded
- Max Loss (per contract)
- Unbounded
- Breakeven(s)
- None on modeled curve
- Risk / Reward Ratio
- N/A
Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium.
KRNT long put payoff curve
Modeled P&L at expiration across a range of underlying prices for the long put on KRNT. 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.
When traders use long put on KRNT
Long puts on KRNT hedge an existing long KRNT stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying KRNT exposure being hedged.
KRNT thesis for this long put
The market-implied 1-standard-deviation range for KRNT extends from approximately $14.37 on the downside to $18.03 on the upside. A KRNT long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long KRNT position with one put per 100 shares held. Current KRNT IV rank near 4.39% 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 KRNT at 39.40%. As a Industrials name, KRNT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to KRNT-specific events.
KRNT 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. KRNT positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move KRNT alongside the broader basket even when KRNT-specific fundamentals are unchanged. Long-premium structures like a long put on KRNT 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 KRNT chain quotes before placing a trade.
Frequently asked questions
- What is a long put on KRNT?
- A long put on KRNT is the long put strategy applied to KRNT (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 KRNT stock trading near $16.20, the strikes shown on this page are snapped to the nearest listed KRNT chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are KRNT 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 KRNT long put priced from the end-of-day chain at a 30-day expiry (ATM IV 39.40%), the computed maximum profit is unbounded per contract and the computed maximum loss is unbounded per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a KRNT long put?
- The breakeven for the KRNT long put priced on this page is no defined breakeven on the modeled curve 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 KRNT market-implied 1-standard-deviation expected move is approximately 11.30%; 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 KRNT?
- Long puts on KRNT hedge an existing long KRNT stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying KRNT exposure being hedged.
- How does current KRNT implied volatility affect this long put?
- KRNT ATM IV is at 39.40% with IV rank near 4.39%, 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.