NSLR Long Put Strategy

NSLR (Neostellar Capital Corp.), in the Financial Services sector, (Asset Management industry), listed on NASDAQ.

Neostellar Capital Corp. is a venture capital, mezzanine, secondary(direct) and business development company specializing in growth capital, emerging growth, late stage and venture capital-backed private companies. It prefers to invest in energy and utilities, consumer, technology, media and communication sectors. The company prefers to invest in United States of America and Canada. The firm only seeks minority stakes. Neostellar Capital Corp. was formerly known as SuRo Capital Corp. and changed its name to Neostellar Capital Corp. in July 2026. The company was founded in 2010 and is based in San Francisco, California.

NSLR (Neostellar Capital Corp.) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $287.0M, a trailing P/E of 1.97, a beta of 1.41 versus the broader market, a 52-week range of 8.28-14.98, average daily share volume of 297K, a public-listing history dating back to 2011, approximately 9 full-time employees. These structural characteristics shape how NSLR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.41 indicates NSLR 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 1.97 is on the value side, where IV often compresses outside event windows because forward growth expectations are already discounted into the share price.

What is a long put on NSLR?

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.

NSLR snapshot

As of August 14, 2026, spot at $10.57, ATM IV 48.50%, expected move 13.90%. The long put on NSLR below is built from the 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 long put structure on NSLR specifically: IV rank is unavailable in the current snapshot, so regime-based timing for NSLR is inferred from ATM IV at 48.50% alone, with a market-implied 1-standard-deviation move of approximately 13.90% (roughly $1.47 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 NSLR expiries trade a higher absolute premium for lower per-day decay. Position sizing on NSLR should anchor to the underlying notional of $10.57 per share and to the trader's directional view on NSLR stock.

NSLR long put setup

The NSLR 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 NSLR at $10.57 on that close, the first option leg uses a $10.57 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed NSLR 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 NSLR shares for the stock leg in covered calls and collars).

ActionTypeStrike / BasisPremium (est)
Buy 1Put$10.57N/A

NSLR 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.

NSLR long put payoff curve

Modeled P&L at expiration across a range of underlying prices for the long put on NSLR. 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 NSLR

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

NSLR thesis for this long put

The market-implied 1-standard-deviation range for NSLR extends from approximately $9.10 on the downside to $12.04 on the upside. A NSLR long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long NSLR position with one put per 100 shares held. As a Financial Services name, NSLR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to NSLR-specific events.

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

Frequently asked questions

What is a long put on NSLR?
A long put on NSLR is the long put strategy applied to NSLR (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 NSLR stock at $10.57 on the most recent close, the strikes shown on this page are snapped to the nearest listed NSLR chain strike and the premiums come straight from that session's bid/ask midpoint.
How are NSLR 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 NSLR long put priced from the end-of-day chain at a 30-day expiry (ATM IV 48.50%), 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 NSLR long put?
The breakeven for the NSLR long put priced on this page is no defined breakeven on the modeled curve at expiration, derived from the 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 NSLR market-implied 1-standard-deviation expected move in the same options snapshot is approximately 13.90%; 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 NSLR?
Long puts on NSLR hedge an existing long NSLR stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying NSLR exposure being hedged.
How does current NSLR implied volatility affect this long put?
Current NSLR ATM IV is 48.50%; IV rank context is unavailable in the current snapshot.

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