MTSI Bear Put Spread Strategy
MTSI (MACOM Technology Solutions Holdings, Inc.), in the Technology sector, (Semiconductors industry), listed on NASDAQ.
MACOM Technology Solutions Holdings, Inc., along with its affiliated entities, specializes in the design and production of sophisticated analog semiconductor solutions. These critical components are integral to both wireless and wired connectivity systems, spanning the entire electromagnetic spectrum from radio frequency (RF) to lightwave, including microwave and millimeter wave bands. The company operates globally, with a significant presence in the United States, China, the broader Asia Pacific region, and other international markets. Their diverse product portfolio includes a range of standard and custom-engineered devices, such as integrated circuits, multi-chip modules, diodes, amplifiers, various types of switches (including limiters), as well as both passive and active discrete components, and complete subsystems. These essential semiconductor products serve as fundamental building blocks within a wide array of electronic systems, including wireless base stations, advanced optical networking infrastructure, radar systems, medical equipment, and precision test and measurement instruments. MACOM caters to a broad spectrum of key markets: Telecommunications: Their solutions underpin carrier infrastructure for long-haul and metropolitan networks, 5G deployments, and fiber-to-the-X/passive optical network (PON) solutions.
MTSI (MACOM Technology Solutions Holdings, Inc.) trades in the Technology sector, specifically Semiconductors, with a market capitalization of approximately $23.71B, a trailing P/E of 98.45, a beta of 1.71 versus the broader market, a 52-week range of 118.28-418.9, average daily share volume of 1.5M, a public-listing history dating back to 2012, approximately 2K full-time employees. These structural characteristics shape how MTSI stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.71 indicates MTSI 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 98.45 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 MTSI?
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.
MTSI snapshot
As of August 14, 2026, spot at $315.09, ATM IV 62.10%, IV rank 30.70%, expected move 17.80%. The bear put spread on MTSI 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 bear put spread structure on MTSI specifically: MTSI IV at 62.10% 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 17.80% (roughly $56.10 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 MTSI expiries trade a higher absolute premium for lower per-day decay. Position sizing on MTSI should anchor to the underlying notional of $315.09 per share and to the trader's directional view on MTSI stock.
MTSI bear put spread setup
The MTSI bear put spread 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 MTSI at $315.09 on that close, the first option leg uses a $320.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed MTSI 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 MTSI shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $320.00 | $26.50 |
| Sell 1 | Put | $300.00 | $16.50 |
MTSI bear put spread risk and reward
- Net Premium / Debit
- -$1,000.00
- Max Profit (per contract)
- $1,000.00
- Max Loss (per contract)
- -$1,000.00
- Breakeven(s)
- $310.00
- Risk / Reward Ratio
- 1.000
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.
MTSI bear put spread payoff curve
Modeled P&L at expiration across a range of underlying prices for the bear put spread on MTSI. 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% | +$1,000.00 |
| $69.68 | -77.9% | +$1,000.00 |
| $139.34 | -55.8% | +$1,000.00 |
| $209.01 | -33.7% | +$1,000.00 |
| $278.68 | -11.6% | +$1,000.00 |
| $348.35 | +10.6% | -$1,000.00 |
| $418.01 | +32.7% | -$1,000.00 |
| $487.68 | +54.8% | -$1,000.00 |
| $557.35 | +76.9% | -$1,000.00 |
| $627.01 | +99.0% | -$1,000.00 |
When traders use bear put spread on MTSI
Bear put spreads on MTSI reduce the cost of a bearish MTSI stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.
MTSI thesis for this bear put spread
The market-implied 1-standard-deviation range for MTSI extends from approximately $258.99 on the downside to $371.19 on the upside. A MTSI bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on MTSI, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current MTSI IV rank near 30.70% is mid-range against its 1-year distribution, so the IV signal is neutral; the bear put spread thesis on MTSI should anchor more to the directional view and the expected-move geometry. As a Technology name, MTSI options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to MTSI-specific events.
MTSI 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. MTSI positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move MTSI alongside the broader basket even when MTSI-specific fundamentals are unchanged. Long-premium structures like a bear put spread on MTSI 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 MTSI chain quotes before placing a trade.
Frequently asked questions
- What is a bear put spread on MTSI?
- A bear put spread on MTSI is the bear put spread strategy applied to MTSI (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 MTSI stock at $315.09 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed MTSI chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are MTSI 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 MTSI bear put spread priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 62.10%), the computed maximum profit is $1,000.00 per contract and the computed maximum loss is -$1,000.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a MTSI bear put spread?
- The breakeven for the MTSI bear put spread priced on this page is roughly $310.00 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 MTSI market-implied 1-standard-deviation expected move in the same options snapshot is approximately 17.80%; 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 MTSI?
- Bear put spreads on MTSI reduce the cost of a bearish MTSI 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 MTSI implied volatility affect this bear put spread?
- MTSI ATM IV is at 62.10% with IV rank near 30.70%, 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.