How are OUST 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 OUST bear put spread priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 103.33%), the computed maximum profit is $100.00 per contract and the computed maximum loss is -$100.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a OUST bear put spread?

The breakeven for the OUST bear put spread priced on this page is roughly $48.00 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 OUST market-implied 1-standard-deviation expected move in the same options snapshot is approximately 29.62%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current OUST implied volatility affect this bear put spread?

OUST ATM IV is at 103.33% with IV rank near 38.26%, 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.

OUST Bear Put Spread Strategy

OUST (Ouster, Inc.), in the Technology sector, (Semiconductors industry), listed on NASDAQ.

Ouster, Inc. engages in the production and sale of lidar sensor kits for the automotive, industrial, robotics, and smart infrastructure industries in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company offers the Outer Sensor (OS) product line, including OSDome that provides a hemispheric field of view; OS0 for wide view; OS1, for mid-range view; and OS2 for long-range view. It also provides the DF series, a suite of short, mid, and long-range solid-state digital lidar sensors for advanced driver assistance systems (ADAS) and autonomous driving systems; Velodyne that offers surround-view lidar sensors comprising VLP-16, VLP-16 Lite, VLP-16 Hi-Res, VLP-32, and VLS-128; Ouster Gemini, a perception platform designed for smart infrastructure deployments; and BlueCity, a Gemini-powered solution for traffic operations, planning, and safety. In addition, the company offers ZED, a high-performance camera that provides 2D and 3D color data, as well as AI Compute. Further, it is developing solid-state digital flash sensors, a suite of short, mid, and long-range solid-state digital lidar sensors that provide uniform precision imaging without motion blur across an entire field of view. Ouster, Inc. was founded in 2015 and is headquartered in San Francisco, California.

OUST (Ouster, Inc.) trades in the Technology sector, specifically Semiconductors, with a market capitalization of approximately $2.94B, a beta of 3.25 versus the broader market, a 52-week range of 16.4-63.79, average daily share volume of 4.2M, a public-listing history dating back to 2020, approximately 320 full-time employees. These structural characteristics shape how OUST stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 3.25 indicates OUST 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 bear put spread on OUST?

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.

OUST snapshot

As of August 14, 2026, spot at $48.99, ATM IV 103.33%, IV rank 38.26%, expected move 29.62%. The bear put spread on OUST 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 bear put spread structure on OUST specifically: OUST IV at 103.33% 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 29.62% (roughly $14.51 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 OUST expiries trade a higher absolute premium for lower per-day decay. Position sizing on OUST should anchor to the underlying notional of $48.99 per share and to the trader's directional view on OUST stock.

OUST bear put spread setup

The OUST bear put spread 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 OUST at $48.99 on that close, the first option leg uses a $49.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed OUST 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 OUST shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Put	$49.00	$5.45
Sell 1	Put	$47.00	$4.45

OUST bear put spread risk and reward

Net Premium / Debit: -$100.00
Max Profit (per contract): $100.00
Max Loss (per contract): -$100.00
Breakeven(s): $48.00
Risk / Reward Ratio: 1.000

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.

OUST bear put spread payoff curve

Modeled P&L at expiration across a range of underlying prices for the bear put spread on OUST. 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%	+$100.00
$10.84	-77.9%	+$100.00
$21.67	-55.8%	+$100.00
$32.50	-33.7%	+$100.00
$43.33	-11.5%	+$100.00
$54.16	+10.6%	-$100.00
$65.00	+32.7%	-$100.00
$75.83	+54.8%	-$100.00
$86.66	+76.9%	-$100.00
$97.49	+99.0%	-$100.00

When traders use bear put spread on OUST

Bear put spreads on OUST reduce the cost of a bearish OUST stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.

OUST thesis for this bear put spread

The market-implied 1-standard-deviation range for OUST extends from approximately $34.48 on the downside to $63.50 on the upside. A OUST bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on OUST, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current OUST IV rank near 38.26% is mid-range against its 1-year distribution, so the IV signal is neutral; the bear put spread thesis on OUST should anchor more to the directional view and the expected-move geometry. As a Technology name, OUST options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to OUST-specific events.

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

Frequently asked questions

What is a bear put spread on OUST?: A bear put spread on OUST is the bear put spread strategy applied to OUST (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 OUST stock at $48.99 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed OUST chain strike and the premiums come straight from that session's bid/ask midpoint.
How are OUST 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 OUST bear put spread priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 103.33%), the computed maximum profit is $100.00 per contract and the computed maximum loss is -$100.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a OUST bear put spread?: The breakeven for the OUST bear put spread priced on this page is roughly $48.00 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 OUST market-implied 1-standard-deviation expected move in the same options snapshot is approximately 29.62%; 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 OUST?: Bear put spreads on OUST reduce the cost of a bearish OUST 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 OUST implied volatility affect this bear put spread?: OUST ATM IV is at 103.33% with IV rank near 38.26%, 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.