RAMP Bear Put Spread Strategy
RAMP (LiveRamp Holdings, Inc.), in the Technology sector, (Software - Infrastructure industry), listed on NYSE.
LiveRamp Holdings, Inc. operates as a technology enterprise, delivering sophisticated enterprise data connectivity solutions throughout the United States, Europe, and the Asia-Pacific region. Its product portfolio includes: RampID: A fundamental identifier focused on individuals. Safe Haven: A robust platform designed to empower businesses with data utilization. LiveRamp Data Marketplace: A key tool that facilitates the fluid integration of audience data from various proprietors within the broader marketing landscape. AbiliTec: A specialized platform for resolving offline identity discrepancies. LiveRamp serves a diverse clientele spanning numerous sectors, including finance, insurance, investment services, retail, automotive, telecommunications, high technology, consumer packaged goods, healthcare, travel, entertainment, non-profit organizations, and governmental bodies, among many others.
RAMP (LiveRamp Holdings, Inc.) trades in the Technology sector, specifically Software - Infrastructure, with a market capitalization of approximately $2.30B, a trailing P/E of 14.69, a beta of 1.27 versus the broader market, a 52-week range of 21.71-38.23, average daily share volume of 1.3M, a public-listing history dating back to 1983, approximately 1K full-time employees. These structural characteristics shape how RAMP stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.27 places RAMP roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. RAMP pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a bear put spread on RAMP?
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.
RAMP snapshot
As of August 14, 2026, spot at $37.86, ATM IV 149.90%, IV rank 29.46%, expected move 42.98%. The bear put spread on RAMP below is built from the end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 35-day expiry.
Why this bear put spread structure on RAMP specifically: RAMP IV at 149.90% is on the cheap side of its 1-year range, which favors premium-buying structures like a RAMP bear put spread, with a market-implied 1-standard-deviation move of approximately 42.98% (roughly $16.27 on the underlying). The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated RAMP expiries trade a higher absolute premium for lower per-day decay. Position sizing on RAMP should anchor to the underlying notional of $37.86 per share and to the trader's directional view on RAMP stock.
RAMP bear put spread setup
The RAMP 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 RAMP at $37.86 on that close, the first option leg uses a $37.86 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed RAMP chain at a 35-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 RAMP shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $37.86 | N/A |
| Sell 1 | Put | $35.97 | N/A |
RAMP bear put spread 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
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.
RAMP bear put spread payoff curve
Modeled P&L at expiration across a range of underlying prices for the bear put spread on RAMP. 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 bear put spread on RAMP
Bear put spreads on RAMP reduce the cost of a bearish RAMP stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.
RAMP thesis for this bear put spread
The market-implied 1-standard-deviation range for RAMP extends from approximately $21.59 on the downside to $54.13 on the upside. A RAMP bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on RAMP, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current RAMP IV rank near 29.46% 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 RAMP at 149.90%. As a Technology name, RAMP options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to RAMP-specific events.
RAMP 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. RAMP positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move RAMP alongside the broader basket even when RAMP-specific fundamentals are unchanged. Long-premium structures like a bear put spread on RAMP 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 RAMP chain quotes before placing a trade.
Frequently asked questions
- What is a bear put spread on RAMP?
- A bear put spread on RAMP is the bear put spread strategy applied to RAMP (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 RAMP stock at $37.86 on the most recent close, the strikes shown on this page are snapped to the nearest listed RAMP chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are RAMP 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 RAMP bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 149.90%), 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 RAMP bear put spread?
- The breakeven for the RAMP bear put spread priced on this page is no defined breakeven on the modeled curve at expiration, derived from the 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 RAMP market-implied 1-standard-deviation expected move in the same options snapshot is approximately 42.98%; 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 RAMP?
- Bear put spreads on RAMP reduce the cost of a bearish RAMP 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 RAMP implied volatility affect this bear put spread?
- RAMP ATM IV is at 149.90% with IV rank near 29.46%, 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.