How are LSCC strangle max profit and max loss calculated?

Upside max profit is unbounded; downside max profit is bounded at the put strike minus the combined debit (reached at zero). Max loss equals the combined debit times 100 (reached anywhere between the two OTM strikes). Two breakevens at call-strike plus debit and put-strike minus debit. For the LSCC strangle priced from the end-of-day chain at a 30-day expiry (ATM IV 77.50%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$1,410.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a LSCC strangle?

The breakeven for the LSCC strangle priced on this page is roughly $130.90 and $174.10 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.

How does current LSCC implied volatility affect this strangle?

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.

LSCC Strangle 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 strangle on LSCC?

A long strangle buys an OTM call and an OTM put at offset strikes, cheaper than a straddle but requiring a larger underlying move to profit since both wings start out-of-the-money.

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 strangle 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 strangle 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 strangle setup

The LSCC strangle 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 $160.00 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	Call	$160.00	$7.95
Buy 1	Put	$145.00	$6.15

LSCC strangle risk and reward

Net Premium / Debit: -$1,410.00
Max Profit (per contract): Unbounded
Max Loss (per contract): -$1,410.00
Breakeven(s): $130.90, $174.10
Risk / Reward Ratio: Unbounded

Upside max profit is unbounded; downside max profit is bounded at the put strike minus the combined debit (reached at zero). Max loss equals the combined debit times 100 (reached anywhere between the two OTM strikes). Two breakevens at call-strike plus debit and put-strike minus debit.

LSCC strangle payoff curve

Modeled P&L at expiration across a range of underlying prices for the strangle 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.

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%	+$13,089.00
$34.18	-77.9%	+$9,671.92
$68.35	-55.8%	+$6,254.85
$102.52	-33.7%	+$2,837.77
$136.69	-11.6%	-$579.30
$170.86	+10.6%	-$323.62
$205.03	+32.7%	+$3,093.45
$239.21	+54.8%	+$6,510.53
$273.38	+76.9%	+$9,927.60
$307.55	+99.0%	+$13,344.68

When traders use strangle on LSCC

Strangles on LSCC are the cheaper cousin of the straddle - traders use them when they want a large directional move but are willing to give up the inner-strike sensitivity in exchange for a lower up-front debit on the LSCC chain.

LSCC thesis for this strangle

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 long strangle is the OTM cousin of the straddle: lower up-front cost but the underlying has to travel further past either OTM strike before the position turns profitable at expiration. Current LSCC IV rank near 41.22% is mid-range against its 1-year distribution, so the IV signal is neutral; the strangle 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 strangle positions are structurally neutral / high-volatility (long premium, OTM); 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. Always rebuild the position from current LSCC chain quotes before placing a trade.

Frequently asked questions

What is a strangle on LSCC?: A strangle on LSCC is the strangle strategy applied to LSCC (stock). The strategy is structurally neutral / high-volatility (long premium, OTM): A long strangle buys an OTM call and an OTM put at offset strikes, cheaper than a straddle but requiring a larger underlying move to profit since both wings start out-of-the-money. 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 strangle max profit and max loss calculated?: Upside max profit is unbounded; downside max profit is bounded at the put strike minus the combined debit (reached at zero). Max loss equals the combined debit times 100 (reached anywhere between the two OTM strikes). Two breakevens at call-strike plus debit and put-strike minus debit. For the LSCC strangle priced from the end-of-day chain at a 30-day expiry (ATM IV 77.50%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$1,410.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a LSCC strangle?: The breakeven for the LSCC strangle priced on this page is roughly $130.90 and $174.10 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 strangle on LSCC?: Strangles on LSCC are the cheaper cousin of the straddle - traders use them when they want a large directional move but are willing to give up the inner-strike sensitivity in exchange for a lower up-front debit on the LSCC chain.
How does current LSCC implied volatility affect this strangle?: 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.