OSS Straddle Strategy
OSS (One Stop Systems, Inc.), in the Technology sector, (Computer Hardware industry), listed on NASDAQ.
One Stop Systems, Inc. designs, manufactures, and markets high-performance computing modules and systems for edge deployments in the United States and internationally. Its systems are built using the graphical processing unit and solid-state flash technologies. The company provides custom servers, data acquisition platforms, compute accelerators, solid-state storage arrays, PCIe expansion products, and system I/O expansion systems, as well as edge optimized industrial and panel PCs. It also offers ruggedized mobile tablets and handhelds that meet the specialized requirement for devices deployed at the edge in a diverse set of environmental conditions. The company sells its products to multinational companies, governmental agencies, military contractors, and technology providers through its website, web store, direct sales team, and original equipment manufacturer focused sales, as well as through a network of resellers and distributors. One Stop Systems, Inc. was founded in 1998 and is headquartered in Escondido, California.
OSS (One Stop Systems, Inc.) trades in the Technology sector, specifically Computer Hardware, with a market capitalization of approximately $392.8M, a trailing P/E of 59.44, a beta of 1.15 versus the broader market, a 52-week range of 2.37-17.02, average daily share volume of 1.9M, a public-listing history dating back to 2018, approximately 103 full-time employees. These structural characteristics shape how OSS stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.15 places OSS roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. The trailing P/E of 59.44 is on the rich side, which tends to correlate with higher earnings-window IV expansion as the market debates whether forward growth supports the multiple.
What is a straddle on OSS?
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 OSS snapshot
As of May 15, 2026, spot at $16.55, ATM IV 98.90%, IV rank 56.46%, expected move 28.35%. The straddle on OSS 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 34-day expiry.
Why this straddle structure on OSS specifically: OSS IV at 98.90% 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 28.35% (roughly $4.69 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated OSS expiries trade a higher absolute premium for lower per-day decay. Position sizing on OSS should anchor to the underlying notional of $16.55 per share and to the trader's directional view on OSS stock.
OSS straddle setup
The OSS 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 OSS near $16.55, the first option leg uses a $16.55 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed OSS chain at a 34-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 OSS shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Call | $16.55 | N/A |
| Buy 1 | Put | $16.55 | N/A |
OSS straddle 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
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.
OSS straddle payoff curve
Modeled P&L at expiration across a range of underlying prices for the straddle on OSS. 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 straddle on OSS
Straddles on OSS are pure-volatility plays that profit from large moves in either direction; traders typically buy OSS straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.
OSS thesis for this straddle
The market-implied 1-standard-deviation range for OSS extends from approximately $11.86 on the downside to $21.24 on the upside. A OSS 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 OSS IV rank near 56.46% is mid-range against its 1-year distribution, so the IV signal is neutral; the straddle thesis on OSS should anchor more to the directional view and the expected-move geometry. As a Technology name, OSS options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to OSS-specific events.
OSS 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. OSS positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move OSS alongside the broader basket even when OSS-specific fundamentals are unchanged. Always rebuild the position from current OSS chain quotes before placing a trade.
Frequently asked questions
- What is a straddle on OSS?
- A straddle on OSS is the straddle strategy applied to OSS (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 OSS stock trading near $16.55, the strikes shown on this page are snapped to the nearest listed OSS chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are OSS 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 OSS straddle priced from the end-of-day chain at a 30-day expiry (ATM IV 98.90%), 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 OSS straddle?
- The breakeven for the OSS straddle priced on this page is no defined breakeven on the modeled curve 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 OSS market-implied 1-standard-deviation expected move is approximately 28.35%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a straddle on OSS?
- Straddles on OSS are pure-volatility plays that profit from large moves in either direction; traders typically buy OSS 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 OSS implied volatility affect this straddle?
- OSS ATM IV is at 98.90% with IV rank near 56.46%, 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.