LSCC Bear Put Spread Strategy
LSCC (Lattice Semiconductor Corporation), in the Technology sector, (Semiconductors industry), listed on NASDAQ.
Headquartered in Hillsboro, Oregon, and established in 1983, Lattice Semiconductor Corporation, through its various entities, specializes in the global design and distribution of semiconductor solutions across Asia, Europe, and the Americas. The company's primary offerings include a diverse lineup of Field Programmable Gate Arrays (FPGAs), structured into distinct product families such as Certus-NX and ECP, Mach, iCE40, and CrossLink. Additionally, Lattice manufactures application-specific standard products (ASSPs) dedicated to video connectivity. Beyond physical products, the firm actively monetizes its technological advancements by licensing its intellectual property portfolio through standard IP and core licensing, patent monetization initiatives, and specialized IP services. Lattice distributes its products directly to end-users and indirectly via a robust network of independent manufacturers' representatives and distributors. Its primary clientele consists of original equipment manufacturers (OEMs) operating across critical sectors like communications and computing, consumer electronics, and the industrial and automotive industries.
LSCC (Lattice Semiconductor Corporation) trades in the Technology sector, specifically Semiconductors, with a market capitalization of approximately $19.01B, a trailing P/E of 954.99, a beta of 1.79 versus the broader market, a 52-week range of 46.43-157.01, average daily share volume of 2.1M, a public-listing history dating back to 1989, approximately 1K full-time employees. These structural characteristics shape how LSCC stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.79 indicates LSCC has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. The trailing P/E of 954.99 is on the rich side, which tends to correlate with higher earnings-window IV expansion as the market debates whether forward growth supports the multiple.
What is a bear put spread on LSCC?
A bear put spread buys an at-the-money put and sells an out-of-the-money put at a lower strike for defined risk and defined reward bounded by the strike width.
Current LSCC snapshot
As of June 30, 2026, spot at $154.55, ATM IV 77.50%, IV rank 41.22%, expected move 22.22%. The bear put spread on LSCC 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 bear put spread structure on LSCC specifically: LSCC IV at 77.50% 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 22.22% (roughly $34.34 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 LSCC expiries trade a higher absolute premium for lower per-day decay. Position sizing on LSCC should anchor to the underlying notional of $154.55 per share and to the trader's directional view on LSCC stock.
LSCC bear put spread setup
The LSCC bear put spread below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With LSCC near $154.55, the first option leg uses a $155.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed LSCC 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 LSCC shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $155.00 | $10.50 |
| Sell 1 | Put | $145.00 | $6.15 |
LSCC bear put spread risk and reward
- Net Premium / Debit
- -$435.00
- Max Profit (per contract)
- $565.00
- Max Loss (per contract)
- -$435.00
- Breakeven(s)
- $150.65
- Risk / Reward Ratio
- 1.299
Max profit equals strike width minus net debit times 100; max loss equals net debit times 100. Breakeven is long-put strike minus net debit.
LSCC bear put spread payoff curve
Modeled P&L at expiration across a range of underlying prices for the bear put spread on LSCC. 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.
| Underlying Price | % From Spot | P&L at Expiration |
|---|---|---|
| $0.01 | -100.0% | +$565.00 |
| $34.18 | -77.9% | +$565.00 |
| $68.35 | -55.8% | +$565.00 |
| $102.52 | -33.7% | +$565.00 |
| $136.69 | -11.6% | +$565.00 |
| $170.86 | +10.6% | -$435.00 |
| $205.03 | +32.7% | -$435.00 |
| $239.21 | +54.8% | -$435.00 |
| $273.38 | +76.9% | -$435.00 |
| $307.55 | +99.0% | -$435.00 |
When traders use bear put spread on LSCC
Bear put spreads on LSCC reduce the cost of a bearish LSCC stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.
LSCC thesis for this bear put spread
The market-implied 1-standard-deviation range for LSCC extends from approximately $120.21 on the downside to $188.89 on the upside. A LSCC bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on LSCC, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current LSCC IV rank near 41.22% is mid-range against its 1-year distribution, so the IV signal is neutral; the bear put spread thesis on LSCC should anchor more to the directional view and the expected-move geometry. As a Technology name, LSCC options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to LSCC-specific events.
LSCC bear put spread positions are structurally moderately 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. LSCC positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move LSCC alongside the broader basket even when LSCC-specific fundamentals are unchanged. Long-premium structures like a bear put spread on LSCC 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 LSCC chain quotes before placing a trade.
Frequently asked questions
- What is a bear put spread on LSCC?
- A bear put spread on LSCC is the bear put spread strategy applied to LSCC (stock). The strategy is structurally moderately bearish: A bear put spread buys an at-the-money put and sells an out-of-the-money put at a lower strike for defined risk and defined reward bounded by the strike width. With LSCC stock trading near $154.55, the strikes shown on this page are snapped to the nearest listed LSCC chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are LSCC bear put spread max profit and max loss calculated?
- Max profit equals strike width minus net debit times 100; max loss equals net debit times 100. Breakeven is long-put strike minus net debit. For the LSCC bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 77.50%), the computed maximum profit is $565.00 per contract and the computed maximum loss is -$435.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a LSCC bear put spread?
- The breakeven for the LSCC bear put spread priced on this page is roughly $150.65 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 LSCC market-implied 1-standard-deviation expected move is approximately 22.22%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a bear put spread on LSCC?
- Bear put spreads on LSCC reduce the cost of a bearish LSCC stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.
- How does current LSCC implied volatility affect this bear put spread?
- LSCC ATM IV is at 77.50% with IV rank near 41.22%, 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.