How are LMB 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 LMB long put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 54.30%), the computed maximum profit is $4,206.50 per contract and the computed maximum loss is -$292.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a LMB long put?

The breakeven for the LMB long put priced on this page is roughly $42.08 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 LMB market-implied 1-standard-deviation expected move in the same options snapshot is approximately 15.57%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current LMB implied volatility affect this long put?

LMB ATM IV is at 54.30% with IV rank near 31.38%, 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.

LMB Long Put Strategy

LMB (Limbach Holdings, Inc.), in the Industrials sector, (Engineering & Construction industry), listed on NASDAQ.

Limbach Holdings, Inc. operates as a building systems solution company in the United States. The company operates through two segments, Owner Direct Relationships and General Contractor Relationships. It engages in the construction or renovation projects that involve primarily include mechanical, electrical, plumbing, and controls services (MEPC). It also provides professional and consultative services; inspection, troubleshooting, repair, and services; system and/or facility assessments; turnkey rental equipment solutions; MEPC infrastructure solutions; and customized solutions. The company serves research, acute care, and inpatient hospitals; public and private colleges, universities, research centers; entertainment facilities, and amusement rides and parks; data centers; automotive, energy and general manufacturing plants; and life sciences, including organizations and companies, whose work is centered around research and development focused on living things. Limbach Holdings, Inc. was founded in 1901 and is headquartered in Tampa, Florida.

LMB (Limbach Holdings, Inc.) trades in the Industrials sector, specifically Engineering & Construction, with a market capitalization of approximately $535.9M, a trailing P/E of 17.73, a beta of 1.47 versus the broader market, a 52-week range of 44.5-128.57, average daily share volume of 287K, a public-listing history dating back to 2014, approximately 2K full-time employees. These structural characteristics shape how LMB stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.47 indicates LMB 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 LMB?

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.

LMB snapshot

As of August 14, 2026, spot at $44.92, ATM IV 54.30%, IV rank 31.38%, expected move 15.57%. The long put on LMB 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 35-day expiry.

Why this long put structure on LMB specifically: LMB IV at 54.30% 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 15.57% (roughly $6.99 on the underlying). The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated LMB expiries trade a higher absolute premium for lower per-day decay. Position sizing on LMB should anchor to the underlying notional of $44.92 per share and to the trader's directional view on LMB stock.

LMB long put setup

The LMB long put 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 LMB at $44.92 on that close, the first option leg uses a $45.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed LMB chain at a 35-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 LMB shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Put	$45.00	$2.93

LMB long put risk and reward

Net Premium / Debit: -$292.50
Max Profit (per contract): $4,206.50
Max Loss (per contract): -$292.50
Breakeven(s): $42.08
Risk / Reward Ratio: 14.381

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

LMB long put payoff curve

Modeled P&L at expiration across a range of underlying prices for the long put on LMB. 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%	+$4,206.50
$9.94	-77.9%	+$3,213.40
$19.87	-55.8%	+$2,220.31
$29.80	-33.7%	+$1,227.21
$39.73	-11.5%	+$234.12
$49.66	+10.6%	-$292.50
$59.60	+32.7%	-$292.50
$69.53	+54.8%	-$292.50
$79.46	+76.9%	-$292.50
$89.39	+99.0%	-$292.50

When traders use long put on LMB

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

LMB thesis for this long put

The market-implied 1-standard-deviation range for LMB extends from approximately $37.93 on the downside to $51.91 on the upside. A LMB long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long LMB position with one put per 100 shares held. Current LMB IV rank near 31.38% is mid-range against its 1-year distribution, so the IV signal is neutral; the long put thesis on LMB should anchor more to the directional view and the expected-move geometry. As a Industrials name, LMB options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to LMB-specific events.

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

Frequently asked questions

What is a long put on LMB?: A long put on LMB is the long put strategy applied to LMB (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 LMB stock at $44.92 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed LMB chain strike and the premiums come straight from that session's bid/ask midpoint.
How are LMB 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 LMB long put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 54.30%), the computed maximum profit is $4,206.50 per contract and the computed maximum loss is -$292.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a LMB long put?: The breakeven for the LMB long put priced on this page is roughly $42.08 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 LMB market-implied 1-standard-deviation expected move in the same options snapshot is approximately 15.57%; 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 LMB?: Long puts on LMB hedge an existing long LMB stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying LMB exposure being hedged.
How does current LMB implied volatility affect this long put?: LMB ATM IV is at 54.30% with IV rank near 31.38%, 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.