How are MATX 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 MATX long put priced from the end-of-day chain at a 30-day expiry (ATM IV 37.40%), the computed maximum profit is $18,819.00 per contract and the computed maximum loss is -$680.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a MATX long put?

The breakeven for the MATX long put priced on this page is roughly $188.20 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 MATX market-implied 1-standard-deviation expected move is approximately 10.72%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current MATX implied volatility affect this long put?

MATX ATM IV is at 37.40% with IV rank near 31.28%, 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.

MATX Long Put Strategy

MATX (Matson, Inc.), in the Industrials sector, (Marine Shipping industry), listed on NYSE.

Matson, Inc. specializes in providing integrated ocean transportation and logistics solutions. Its Ocean Transportation segment offers crucial ocean freight services connecting the domestic non-contiguous economies of Hawaii, Alaska, and Guam, alongside other island nations within Micronesia. Their diverse cargo includes everything from refrigerated foodstuffs, packaged consumer goods, building materials, and automobiles to livestock, seafood, general sustenance, and a wide array of retail and e-commerce merchandise. Additionally, the company operates an expedited express service facilitating trade between China and Long Beach, California, extending its reach to various South Pacific islands and Okinawa, Japan. Beyond direct shipping, this segment manages comprehensive terminal operations, including container stevedoring, refrigerated cargo handling, inland transport, and container equipment maintenance across key locations in Hawaii (Oahu, Hawaii, Maui, and Kauai) and Alaska (Anchorage, Kodiak, and Dutch Harbor). They also offer vessel management and container transshipment services.

MATX (Matson, Inc.) trades in the Industrials sector, specifically Marine Shipping, with a market capitalization of approximately $5.89B, a trailing P/E of 13.78, a beta of 1.29 versus the broader market, a 52-week range of 86.97-203.08, average daily share volume of 251K, a public-listing history dating back to 1973, approximately 4K full-time employees. These structural characteristics shape how MATX stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.29 places MATX roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. MATX pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a long put on MATX?

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 MATX snapshot

As of June 29, 2026, spot at $194.13, ATM IV 37.40%, IV rank 31.28%, expected move 10.72%. The long put on MATX 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 MATX specifically: MATX IV at 37.40% 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 10.72% (roughly $20.82 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 MATX expiries trade a higher absolute premium for lower per-day decay. Position sizing on MATX should anchor to the underlying notional of $194.13 per share and to the trader's directional view on MATX stock.

MATX long put setup

The MATX 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 MATX near $194.13, the first option leg uses a $195.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed MATX 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 MATX shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Put	$195.00	$6.80

MATX long put risk and reward

Net Premium / Debit: -$680.00
Max Profit (per contract): $18,819.00
Max Loss (per contract): -$680.00
Breakeven(s): $188.20
Risk / Reward Ratio: 27.675

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

MATX long put payoff curve

Modeled P&L at expiration across a range of underlying prices for the long put on MATX. 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%	+$18,819.00
$42.93	-77.9%	+$14,526.79
$85.85	-55.8%	+$10,234.58
$128.78	-33.7%	+$5,942.37
$171.70	-11.6%	+$1,650.16
$214.62	+10.6%	-$680.00
$257.54	+32.7%	-$680.00
$300.46	+54.8%	-$680.00
$343.39	+76.9%	-$680.00
$386.31	+99.0%	-$680.00

When traders use long put on MATX

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

MATX thesis for this long put

The market-implied 1-standard-deviation range for MATX extends from approximately $173.31 on the downside to $214.95 on the upside. A MATX long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long MATX position with one put per 100 shares held. Current MATX IV rank near 31.28% is mid-range against its 1-year distribution, so the IV signal is neutral; the long put thesis on MATX should anchor more to the directional view and the expected-move geometry. As a Industrials name, MATX options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to MATX-specific events.

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

Frequently asked questions

What is a long put on MATX?: A long put on MATX is the long put strategy applied to MATX (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 MATX stock trading near $194.13, the strikes shown on this page are snapped to the nearest listed MATX chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are MATX 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 MATX long put priced from the end-of-day chain at a 30-day expiry (ATM IV 37.40%), the computed maximum profit is $18,819.00 per contract and the computed maximum loss is -$680.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a MATX long put?: The breakeven for the MATX long put priced on this page is roughly $188.20 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 MATX market-implied 1-standard-deviation expected move is approximately 10.72%; 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 MATX?: Long puts on MATX hedge an existing long MATX stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying MATX exposure being hedged.
How does current MATX implied volatility affect this long put?: MATX ATM IV is at 37.40% with IV rank near 31.28%, 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.