How are OSIS straddle max profit and max loss calculated?

Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit. For the OSIS straddle priced from the end-of-day chain at a 30-day expiry (ATM IV 46.10%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$1,768.49 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a OSIS straddle?

The breakeven for the OSIS straddle priced on this page is roughly $191.85 and $228.15 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 OSIS market-implied 1-standard-deviation expected move is approximately 13.22%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current OSIS implied volatility affect this straddle?

OSIS ATM IV is at 46.10% with IV rank near 44.73%, 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.

OSIS Straddle Strategy

OSIS (OSI Systems, Inc.), in the Technology sector, (Hardware, Equipment & Parts industry), listed on NASDAQ.

OSI Systems, Inc. (OSIS) is a global company specializing in the design and production of advanced electronic systems and components. Its operations are structured across three distinct business segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security division focuses on comprehensive screening and detection technologies. This includes systems for inspecting luggage, packages, cargo, vehicles, and individuals, alongside solutions for radiation, explosive, and narcotics detection. Key product lines are marketed under names such as Rapiscan Systems, AS&E, and Gatekeeper. Beyond hardware, the segment delivers integrated security screening services, including site planning, installation, user training, and ongoing technical support, with dedicated solutions offered via the S2 brand.

OSIS (OSI Systems, Inc.) trades in the Technology sector, specifically Hardware, Equipment & Parts, with a market capitalization of approximately $3.60B, a trailing P/E of 23.62, a beta of 1.20 versus the broader market, a 52-week range of 197.27-311.72, average daily share volume of 305K, a public-listing history dating back to 1997, approximately 7K full-time employees. These structural characteristics shape how OSIS stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.20 places OSIS roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.

What is a straddle on OSIS?

A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration.

Current OSIS snapshot

As of June 26, 2026, spot at $214.93, ATM IV 46.10%, IV rank 44.73%, expected move 13.22%. The straddle on OSIS 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 18-day expiry.

Why this straddle structure on OSIS specifically: OSIS IV at 46.10% 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 13.22% (roughly $28.41 on the underlying). The 18-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated OSIS expiries trade a higher absolute premium for lower per-day decay. Position sizing on OSIS should anchor to the underlying notional of $214.93 per share and to the trader's directional view on OSIS stock.

OSIS straddle setup

The OSIS straddle below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With OSIS near $214.93, the first option leg uses a $210.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed OSIS chain at a 18-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 OSIS shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Call	$210.00	$10.30
Buy 1	Put	$210.00	$7.85

OSIS straddle risk and reward

Net Premium / Debit: -$1,815.00
Max Profit (per contract): Unbounded
Max Loss (per contract): -$1,768.49
Breakeven(s): $191.85, $228.15
Risk / Reward Ratio: Unbounded

Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit.

OSIS straddle payoff curve

Modeled P&L at expiration across a range of underlying prices for the straddle on OSIS. 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	-100.0%	+$19,184.00
$47.53	-77.9%	+$14,431.89
$95.05	-55.8%	+$9,679.78
$142.57	-33.7%	+$4,927.67
$190.09	-11.6%	+$175.56
$237.62	+10.6%	+$946.55
$285.14	+32.7%	+$5,698.66
$332.66	+54.8%	+$10,450.77
$380.18	+76.9%	+$15,202.88
$427.70	+99.0%	+$19,954.99

When traders use straddle on OSIS

Straddles on OSIS are pure-volatility plays that profit from large moves in either direction; traders typically buy OSIS straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.

OSIS thesis for this straddle

The market-implied 1-standard-deviation range for OSIS extends from approximately $186.52 on the downside to $243.34 on the upside. A OSIS long straddle is a pure-volatility play: it profits when the underlying moves far enough from the strike in either direction to overcome the combined call plus put debit, regardless of direction. Current OSIS IV rank near 44.73% is mid-range against its 1-year distribution, so the IV signal is neutral; the straddle thesis on OSIS should anchor more to the directional view and the expected-move geometry. As a Technology name, OSIS options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to OSIS-specific events.

OSIS straddle positions are structurally neutral / high-volatility (long premium); 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. OSIS positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move OSIS alongside the broader basket even when OSIS-specific fundamentals are unchanged. Always rebuild the position from current OSIS chain quotes before placing a trade.

Frequently asked questions

What is a straddle on OSIS?: A straddle on OSIS is the straddle strategy applied to OSIS (stock). The strategy is structurally neutral / high-volatility (long premium): A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration. With OSIS stock trading near $214.93, the strikes shown on this page are snapped to the nearest listed OSIS chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are OSIS straddle max profit and max loss calculated?: Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit. For the OSIS straddle priced from the end-of-day chain at a 30-day expiry (ATM IV 46.10%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$1,768.49 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a OSIS straddle?: The breakeven for the OSIS straddle priced on this page is roughly $191.85 and $228.15 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 OSIS market-implied 1-standard-deviation expected move is approximately 13.22%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a straddle on OSIS?: Straddles on OSIS are pure-volatility plays that profit from large moves in either direction; traders typically buy OSIS straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.
How does current OSIS implied volatility affect this straddle?: OSIS ATM IV is at 46.10% with IV rank near 44.73%, 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.