How are ODD 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 ODD long put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 123.94%), the computed maximum profit is $1,136.50 per contract and the computed maximum loss is -$162.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a ODD long put?

The breakeven for the ODD long put priced on this page is roughly $11.38 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 ODD market-implied 1-standard-deviation expected move in the same options snapshot is approximately 35.53%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current ODD implied volatility affect this long put?

ODD ATM IV is at 123.94% with IV rank near 91.80%, which is elevated relative to its 1-year range. Premium-selling structures (covered call, cash-secured put, iron condor) generally look more attractive when IV rank is high; premium-buying structures (long call, long put, debit spreads) are more expensive in that regime.

ODD Long Put Strategy

ODD (Oddity Tech Ltd.), in the Consumer Defensive sector, (Household & Personal Products industry), listed on NASDAQ.

Operating globally, Oddity Tech Ltd. and its affiliated companies function as a consumer technology enterprise. It delivers beauty and wellness merchandise, leveraging its proprietary PowerMatch technology. The firm's strategic focus is on developing and growing digitally native brands, aiming to revolutionize the traditionally brick-and-mortar beauty and wellness sectors. Its product portfolio features items for the face, complexion, eyes, brows, lips, and general skincare, marketed under the IL MAKIAGE label. Additionally, the SpoiledChild brand specializes in hair and skin care solutions. Founded in 2013, this corporation maintains its headquarters in Tel Aviv-Jaffa, Israel.

ODD (Oddity Tech Ltd.) trades in the Consumer Defensive sector, specifically Household & Personal Products, with a market capitalization of approximately $747.2M, a trailing P/E of 14.32, a beta of 2.38 versus the broader market, a 52-week range of 9.25-64.23, average daily share volume of 1.4M, a public-listing history dating back to 2023, approximately 658 full-time employees. These structural characteristics shape how ODD stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 2.38 indicates ODD 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 ODD?

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.

ODD snapshot

As of August 14, 2026, spot at $13.34, ATM IV 123.94%, IV rank 91.80%, expected move 35.53%. The long put on ODD 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 28-day expiry.

Why this long put structure on ODD specifically: ODD IV at 123.94% is rich versus its 1-year range, which makes a premium-buying ODD long put relatively expensive in absolute-cost terms, with a market-implied 1-standard-deviation move of approximately 35.53% (roughly $4.74 on the underlying). The 28-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated ODD expiries trade a higher absolute premium for lower per-day decay. Position sizing on ODD should anchor to the underlying notional of $13.34 per share and to the trader's directional view on ODD stock.

ODD long put setup

The ODD long put 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 ODD at $13.34 on that close, the first option leg uses a $13.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ODD chain at a 28-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 ODD shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Put	$13.00	$1.63

ODD long put risk and reward

Net Premium / Debit: -$162.50
Max Profit (per contract): $1,136.50
Max Loss (per contract): -$162.50
Breakeven(s): $11.38
Risk / Reward Ratio: 6.994

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

ODD long put payoff curve

Modeled P&L at expiration across a range of underlying prices for the long put on ODD. 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	-99.9%	+$1,136.50
$2.96	-77.8%	+$841.66
$5.91	-55.7%	+$546.81
$8.86	-33.6%	+$251.97
$11.80	-11.5%	-$42.88
$14.75	+10.6%	-$162.50
$17.70	+32.7%	-$162.50
$20.65	+54.8%	-$162.50
$23.60	+76.9%	-$162.50
$26.55	+99.0%	-$162.50

When traders use long put on ODD

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

ODD thesis for this long put

The market-implied 1-standard-deviation range for ODD extends from approximately $8.60 on the downside to $18.08 on the upside. A ODD long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long ODD position with one put per 100 shares held. Current ODD IV rank near 91.80% sits in the upper third of its 1-year distribution, which historically reverts; this raises the bar for premium-buying structures and lowers it for premium-selling structures on ODD at 123.94%. As a Consumer Defensive name, ODD options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ODD-specific events.

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

Frequently asked questions

What is a long put on ODD?: A long put on ODD is the long put strategy applied to ODD (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 ODD stock at $13.34 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed ODD chain strike and the premiums come straight from that session's bid/ask midpoint.
How are ODD 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 ODD long put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 123.94%), the computed maximum profit is $1,136.50 per contract and the computed maximum loss is -$162.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a ODD long put?: The breakeven for the ODD long put priced on this page is roughly $11.38 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 ODD market-implied 1-standard-deviation expected move in the same options snapshot is approximately 35.53%; 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 ODD?: Long puts on ODD hedge an existing long ODD stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying ODD exposure being hedged.
How does current ODD implied volatility affect this long put?: ODD ATM IV is at 123.94% with IV rank near 91.80%, which is elevated relative to its 1-year range. Premium-selling structures (covered call, cash-secured put, iron condor) generally look more attractive when IV rank is high; premium-buying structures (long call, long put, debit spreads) are more expensive in that regime.