LVO Long Put Strategy
LVO (LiveOne, Inc.), in the Communication Services sector, (Entertainment industry), listed on NASDAQ.
LiveOne, Inc., a digital media company, engages in the acquisition, distribution, and monetization of live music, Internet radio, podcasting/vodcasting, and music-related streaming and video content. It operates LiveXLive, a live music streaming platform; PodcastOne, a podcasting platform; and Slacker, an integrated membership and advertising streaming music service, as well as produces original music-related content. The company also produces, edits, curates, and streams live music events through broadband transmission over the Internet and satellite networks to its users; provides digital Internet radio and music services to users online and through automotive and mobile original equipment manufacturers on a white label basis; and offers ancillary products and services, such as regulatory and post-implementation support services. In addition, it develops, manufactures, and distributes personalized merchandise and gifts through wholesale and direct-to-consumer distribution channels. Further, the company offers LiveOne App, an application that provides access to live events, audio streams, original episodic content, podcasts, vodcasts, video on demand, real-time livestreams, and social sharing of content. The company was formerly known as LiveXLive Media, Inc. and changed its name to LiveOne, Inc. in October 2021.
LVO (LiveOne, Inc.) trades in the Communication Services sector, specifically Entertainment, with a market capitalization of approximately $58.0M, a beta of 1.58 versus the broader market, a 52-week range of 3.7-9.8, average daily share volume of 77K, a public-listing history dating back to 2017, approximately 140 full-time employees. These structural characteristics shape how LVO stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.58 indicates LVO 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 LVO?
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 LVO snapshot
As of May 15, 2026, spot at $5.30, ATM IV 86.10%, IV rank 14.30%, expected move 24.68%. The long put on LVO 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 34-day expiry.
Why this long put structure on LVO specifically: LVO IV at 86.10% is on the cheap side of its 1-year range, which favors premium-buying structures like a LVO long put, with a market-implied 1-standard-deviation move of approximately 24.68% (roughly $1.31 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated LVO expiries trade a higher absolute premium for lower per-day decay. Position sizing on LVO should anchor to the underlying notional of $5.30 per share and to the trader's directional view on LVO stock.
LVO long put setup
The LVO 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 LVO near $5.30, the first option leg uses a $5.30 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed LVO chain at a 34-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 LVO shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $5.30 | N/A |
LVO 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.
LVO long put payoff curve
Modeled P&L at expiration across a range of underlying prices for the long put on LVO. 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 LVO
Long puts on LVO hedge an existing long LVO stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying LVO exposure being hedged.
LVO thesis for this long put
The market-implied 1-standard-deviation range for LVO extends from approximately $3.99 on the downside to $6.61 on the upside. A LVO long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long LVO position with one put per 100 shares held. Current LVO IV rank near 14.30% 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 LVO at 86.10%. As a Communication Services name, LVO options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to LVO-specific events.
LVO 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. LVO positions also carry Communication Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move LVO alongside the broader basket even when LVO-specific fundamentals are unchanged. Long-premium structures like a long put on LVO 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 LVO chain quotes before placing a trade.
Frequently asked questions
- What is a long put on LVO?
- A long put on LVO is the long put strategy applied to LVO (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 LVO stock trading near $5.30, the strikes shown on this page are snapped to the nearest listed LVO chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are LVO 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 LVO long put priced from the end-of-day chain at a 30-day expiry (ATM IV 86.10%), 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 LVO long put?
- The breakeven for the LVO 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 LVO market-implied 1-standard-deviation expected move is approximately 24.68%; 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 LVO?
- Long puts on LVO hedge an existing long LVO stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying LVO exposure being hedged.
- How does current LVO implied volatility affect this long put?
- LVO ATM IV is at 86.10% with IV rank near 14.30%, 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.