How are QUIK strangle max profit and max loss calculated?

Upside max profit is unbounded; downside max profit is bounded at the put strike minus the combined debit (reached at zero). Max loss equals the combined debit times 100 (reached anywhere between the two OTM strikes). Two breakevens at call-strike plus debit and put-strike minus debit. For the QUIK strangle priced from the end-of-day chain at a 30-day expiry (ATM IV 100.60%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$272.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a QUIK strangle?

The breakeven for the QUIK strangle priced on this page is roughly $16.28 and $23.73 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 QUIK market-implied 1-standard-deviation expected move is approximately 28.84%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current QUIK implied volatility affect this strangle?

QUIK ATM IV is at 100.60% with IV rank near 29.51%, 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.

QUIK Strangle Strategy

QUIK (QuickLogic Corporation), in the Technology sector, (Semiconductors industry), listed on NASDAQ.

QuickLogic Corporation operates as a fabless semiconductor company. The company offers embedded FPGA intellectual property, low power, multicore semiconductor system-on-chips, discrete FPGAs, and AI software; and end-to-end artificial intelligence/machine learning solution with accurate sensor algorithms using AI technology. It also provides various products, such as software tools, and eFPGA IP enables the practical and efficient field programmability for aerospace and defense, consumer/industrial IoT, and consumer electronics markets. In addition, the company engages in the eFPGA IP Licensing business and associated professional services, consisting of development and integration of eFPGA technology into custom semiconductor solutions. Further, the company offers silicon products, such as EOS, QuickAI, ArcticLink III, PolarPro 3, PolarPro II, PolarPro, and Eclipse II products; Software as a Service (SaaS) subscriptions; and PASIC 3 and QuickRAM, as well as programming hardware and design software services. The company markets and sells its products to defense industrial base contractors, the U.S. government entities, system OEMs, and fabless semiconductor companies through a network of sales managers and distributors in North America, Europe, and the Asia Pacific.

QUIK (QuickLogic Corporation) trades in the Technology sector, specifically Semiconductors, with a market capitalization of approximately $328.4M, a beta of 1.17 versus the broader market, a 52-week range of 4.8-24.33, average daily share volume of 564K, a public-listing history dating back to 1999, approximately 54 full-time employees. These structural characteristics shape how QUIK stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.17 places QUIK roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.

What is a strangle on QUIK?

A long strangle buys an OTM call and an OTM put at offset strikes, cheaper than a straddle but requiring a larger underlying move to profit since both wings start out-of-the-money.

Current QUIK snapshot

As of June 30, 2026, spot at $19.83, ATM IV 100.60%, IV rank 29.51%, expected move 28.84%. The strangle on QUIK 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 17-day expiry.

Why this strangle structure on QUIK specifically: QUIK IV at 100.60% is on the cheap side of its 1-year range, which favors premium-buying structures like a QUIK strangle, with a market-implied 1-standard-deviation move of approximately 28.84% (roughly $5.72 on the underlying). The 17-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated QUIK expiries trade a higher absolute premium for lower per-day decay. Position sizing on QUIK should anchor to the underlying notional of $19.83 per share and to the trader's directional view on QUIK stock.

QUIK strangle setup

The QUIK strangle below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With QUIK near $19.83, the first option leg uses a $21.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed QUIK chain at a 17-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 QUIK shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Call	$21.00	$1.20
Buy 1	Put	$19.00	$1.53

QUIK strangle risk and reward

Net Premium / Debit: -$272.50
Max Profit (per contract): Unbounded
Max Loss (per contract): -$272.50
Breakeven(s): $16.28, $23.73
Risk / Reward Ratio: Unbounded

Upside max profit is unbounded; downside max profit is bounded at the put strike minus the combined debit (reached at zero). Max loss equals the combined debit times 100 (reached anywhere between the two OTM strikes). Two breakevens at call-strike plus debit and put-strike minus debit.

QUIK strangle payoff curve

Modeled P&L at expiration across a range of underlying prices for the strangle on QUIK. 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%	+$1,626.50
$4.39	-77.8%	+$1,188.16
$8.78	-55.7%	+$749.82
$13.16	-33.6%	+$311.47
$17.54	-11.5%	-$126.87
$21.93	+10.6%	-$179.79
$26.31	+32.7%	+$258.55
$30.69	+54.8%	+$696.89
$35.08	+76.9%	+$1,135.23
$39.46	+99.0%	+$1,573.58

When traders use strangle on QUIK

Strangles on QUIK are the cheaper cousin of the straddle - traders use them when they want a large directional move but are willing to give up the inner-strike sensitivity in exchange for a lower up-front debit on the QUIK chain.

QUIK thesis for this strangle

The market-implied 1-standard-deviation range for QUIK extends from approximately $14.11 on the downside to $25.55 on the upside. A QUIK long strangle is the OTM cousin of the straddle: lower up-front cost but the underlying has to travel further past either OTM strike before the position turns profitable at expiration. Current QUIK IV rank near 29.51% 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 QUIK at 100.60%. As a Technology name, QUIK options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to QUIK-specific events.

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

Frequently asked questions

What is a strangle on QUIK?: A strangle on QUIK is the strangle strategy applied to QUIK (stock). The strategy is structurally neutral / high-volatility (long premium, OTM): A long strangle buys an OTM call and an OTM put at offset strikes, cheaper than a straddle but requiring a larger underlying move to profit since both wings start out-of-the-money. With QUIK stock trading near $19.83, the strikes shown on this page are snapped to the nearest listed QUIK chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are QUIK strangle max profit and max loss calculated?: Upside max profit is unbounded; downside max profit is bounded at the put strike minus the combined debit (reached at zero). Max loss equals the combined debit times 100 (reached anywhere between the two OTM strikes). Two breakevens at call-strike plus debit and put-strike minus debit. For the QUIK strangle priced from the end-of-day chain at a 30-day expiry (ATM IV 100.60%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$272.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a QUIK strangle?: The breakeven for the QUIK strangle priced on this page is roughly $16.28 and $23.73 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 QUIK market-implied 1-standard-deviation expected move is approximately 28.84%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a strangle on QUIK?: Strangles on QUIK are the cheaper cousin of the straddle - traders use them when they want a large directional move but are willing to give up the inner-strike sensitivity in exchange for a lower up-front debit on the QUIK chain.
How does current QUIK implied volatility affect this strangle?: QUIK ATM IV is at 100.60% with IV rank near 29.51%, 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.