How are NSIT 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 NSIT bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 46.70%), the computed maximum profit is $275.00 per contract and the computed maximum loss is -$225.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a NSIT bear put spread?

The breakeven for the NSIT bear put spread priced on this page is roughly $87.75 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 NSIT market-implied 1-standard-deviation expected move is approximately 13.39%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current NSIT implied volatility affect this bear put spread?

NSIT ATM IV is at 46.70% with IV rank near 7.62%, 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.

NSIT Bear Put Spread Strategy

NSIT (Insight Enterprises, Inc.), in the Technology sector, (Technology Distributors industry), listed on NASDAQ.

IInsight Enterprises, Inc., together with its subsidiaries, provides information technology (IT) hardware, software, and services solutions in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. The company's solution portfolio includes cloud enablement, data and AI, DevOps, digital strategy, intelligent applications and edge, and IoT solutions, as well as transformation services. It also offers cloud and data center transformation; connected workplace; and supply chain optimization solutions. In addition, the company provides software maintenance solutions that offers clients to obtain software upgrades, bug fixes, help desk, and other support services; vendor direct support services; and offers Software-as-a-Service subscription products. Further, it designs, procures, deploys, implements, and manages solutions that combine hardware, software, and services to help businesses. Additionally, the company sources, procures, stages, configures, integrates, tests, refurbishes, and redeploys IT products spanning endpoints to infrastructure; and offers software life cycle, and hardware warranty services.

NSIT (Insight Enterprises, Inc.) trades in the Technology sector, specifically Technology Distributors, with a market capitalization of approximately $2.64B, a trailing P/E of 14.95, a beta of 0.96 versus the broader market, a 52-week range of 63.62-148.58, average daily share volume of 480K, a public-listing history dating back to 1995, approximately 14K full-time employees. These structural characteristics shape how NSIT stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.96 places NSIT roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.

What is a bear put spread on NSIT?

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 NSIT snapshot

As of May 15, 2026, spot at $88.66, ATM IV 46.70%, IV rank 7.62%, expected move 13.39%. The bear put spread on NSIT 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 98-day expiry.

Why this bear put spread structure on NSIT specifically: NSIT IV at 46.70% is on the cheap side of its 1-year range, which favors premium-buying structures like a NSIT bear put spread, with a market-implied 1-standard-deviation move of approximately 13.39% (roughly $11.87 on the underlying). The 98-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated NSIT expiries trade a higher absolute premium for lower per-day decay. Position sizing on NSIT should anchor to the underlying notional of $88.66 per share and to the trader's directional view on NSIT stock.

NSIT bear put spread setup

The NSIT 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 NSIT near $88.66, the first option leg uses a $90.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed NSIT chain at a 98-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 NSIT shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Put	$90.00	$9.55
Sell 1	Put	$85.00	$7.30

NSIT bear put spread risk and reward

Net Premium / Debit: -$225.00
Max Profit (per contract): $275.00
Max Loss (per contract): -$225.00
Breakeven(s): $87.75
Risk / Reward Ratio: 1.222

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.

NSIT bear put spread payoff curve

Modeled P&L at expiration across a range of underlying prices for the bear put spread on NSIT. 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%	+$275.00
$19.61	-77.9%	+$275.00
$39.21	-55.8%	+$275.00
$58.82	-33.7%	+$275.00
$78.42	-11.6%	+$275.00
$98.02	+10.6%	-$225.00
$117.62	+32.7%	-$225.00
$137.22	+54.8%	-$225.00
$156.83	+76.9%	-$225.00
$176.43	+99.0%	-$225.00

When traders use bear put spread on NSIT

Bear put spreads on NSIT reduce the cost of a bearish NSIT stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.

NSIT thesis for this bear put spread

The market-implied 1-standard-deviation range for NSIT extends from approximately $76.79 on the downside to $100.53 on the upside. A NSIT bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on NSIT, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current NSIT IV rank near 7.62% 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 NSIT at 46.70%. As a Technology name, NSIT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to NSIT-specific events.

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

Frequently asked questions

What is a bear put spread on NSIT?: A bear put spread on NSIT is the bear put spread strategy applied to NSIT (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 NSIT stock trading near $88.66, the strikes shown on this page are snapped to the nearest listed NSIT chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are NSIT 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 NSIT bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 46.70%), the computed maximum profit is $275.00 per contract and the computed maximum loss is -$225.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a NSIT bear put spread?: The breakeven for the NSIT bear put spread priced on this page is roughly $87.75 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 NSIT market-implied 1-standard-deviation expected move is approximately 13.39%; 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 NSIT?: Bear put spreads on NSIT reduce the cost of a bearish NSIT 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 NSIT implied volatility affect this bear put spread?: NSIT ATM IV is at 46.70% with IV rank near 7.62%, 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.