OKLO Bear Put Spread Strategy
OKLO (Oklo Inc.), in the Utilities sector, (Regulated Electric industry), listed on NYSE.
Oklo Inc. designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.
OKLO (Oklo Inc.) trades in the Utilities sector, specifically Regulated Electric, with a market capitalization of approximately $12.09B, a beta of 1.18 versus the broader market, a 52-week range of 34.45-193.84, average daily share volume of 11.0M, a public-listing history dating back to 2021, approximately 120 full-time employees. These structural characteristics shape how OKLO stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.18 places OKLO 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 OKLO?
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 OKLO snapshot
As of May 15, 2026, spot at $62.41, ATM IV 88.91%, IV rank 19.44%, expected move 25.49%. The bear put spread on OKLO 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 28-day expiry.
Why this bear put spread structure on OKLO specifically: OKLO IV at 88.91% is on the cheap side of its 1-year range, which favors premium-buying structures like a OKLO bear put spread, with a market-implied 1-standard-deviation move of approximately 25.49% (roughly $15.91 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 OKLO expiries trade a higher absolute premium for lower per-day decay. Position sizing on OKLO should anchor to the underlying notional of $62.41 per share and to the trader's directional view on OKLO stock.
OKLO bear put spread setup
The OKLO 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 OKLO near $62.41, the first option leg uses a $62.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed OKLO 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 OKLO shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $62.00 | $5.70 |
| Sell 1 | Put | $59.00 | $4.23 |
OKLO bear put spread risk and reward
- Net Premium / Debit
- -$147.50
- Max Profit (per contract)
- $152.50
- Max Loss (per contract)
- -$147.50
- Breakeven(s)
- $60.53
- Risk / Reward Ratio
- 1.034
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.
OKLO bear put spread payoff curve
Modeled P&L at expiration across a range of underlying prices for the bear put spread on OKLO. 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% | +$152.50 |
| $13.81 | -77.9% | +$152.50 |
| $27.61 | -55.8% | +$152.50 |
| $41.40 | -33.7% | +$152.50 |
| $55.20 | -11.5% | +$152.50 |
| $69.00 | +10.6% | -$147.50 |
| $82.80 | +32.7% | -$147.50 |
| $96.60 | +54.8% | -$147.50 |
| $110.39 | +76.9% | -$147.50 |
| $124.19 | +99.0% | -$147.50 |
When traders use bear put spread on OKLO
Bear put spreads on OKLO reduce the cost of a bearish OKLO stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.
OKLO thesis for this bear put spread
The market-implied 1-standard-deviation range for OKLO extends from approximately $46.50 on the downside to $78.32 on the upside. A OKLO bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on OKLO, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current OKLO IV rank near 19.44% 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 OKLO at 88.91%. As a Utilities name, OKLO options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to OKLO-specific events.
OKLO 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. OKLO positions also carry Utilities sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move OKLO alongside the broader basket even when OKLO-specific fundamentals are unchanged. Long-premium structures like a bear put spread on OKLO 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 OKLO chain quotes before placing a trade.
Frequently asked questions
- What is a bear put spread on OKLO?
- A bear put spread on OKLO is the bear put spread strategy applied to OKLO (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 OKLO stock trading near $62.41, the strikes shown on this page are snapped to the nearest listed OKLO chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are OKLO 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 OKLO bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 88.91%), the computed maximum profit is $152.50 per contract and the computed maximum loss is -$147.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a OKLO bear put spread?
- The breakeven for the OKLO bear put spread priced on this page is roughly $60.53 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 OKLO market-implied 1-standard-deviation expected move is approximately 25.49%; 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 OKLO?
- Bear put spreads on OKLO reduce the cost of a bearish OKLO 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 OKLO implied volatility affect this bear put spread?
- OKLO ATM IV is at 88.91% with IV rank near 19.44%, 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.