REKR Long Put Strategy

REKR (Rekor Systems, Inc.), in the Technology sector, (Software - Infrastructure industry), listed on NASDAQ.

Rekor Systems, Inc., through its subsidiaries, develops and implements transformative mission-critical intelligent infrastructure solutions and services for transportation management, public safety, and commercial markets in the United States, Canada, and internationally. It offers Rekor One Traffic Management solutions, including software modules for roadway monitoring and response, an incident detection and management solution; traffic and infrastructure analytics to capture data for roadway and infrastructure analytics and planning; and live and archival traffic view for situational awareness of what is happening on roadways. The company also provides Rekor One Public Safety solutions comprising contactless compliance application that delivers a turnkey information and citation management solution to cities, states, and municipalities for primary and secondary offenses; Rekor scout that offers accurate license plate and vehicle recognition on any IP, traffic, or security camera, and can be subscribed to separately for use with existing camera or sensor systems; and Rekor blue, a smartphone app that retrieves accurate vehicle license plate number and state of registration, and automatically organizes information by sessions, capturing date, location, and timestamp for law enforcement. In addition, it offers Rekor CarCheck, an API of its vehicle recognition technology to respond with accurate license plate data, vehicle make, model, body type, and color for commercial applications; and AutoNotice, a cloud-based financial management application to record payments in the system and provide functionality to research, manage unapplied payments, and reconcile receipts. Further, the company provides hardware products, which includes Rekor Edge Series, a family of mountable vehicle recognition systems that seamlessly capture and process vehicle data. Rekor Systems, Inc. was founded in 2017 and is headquartered in Columbia, Maryland.

REKR (Rekor Systems, Inc.) trades in the Technology sector, specifically Software - Infrastructure, with a market capitalization of approximately $109.7M, a beta of 1.84 versus the broader market, a 52-week range of 0.72-3.42, average daily share volume of 3.1M, a public-listing history dating back to 2017, approximately 319 full-time employees. These structural characteristics shape how REKR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.84 indicates REKR 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 long put on REKR?

A long put buys downside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes below the strike minus premium at expiration.

Current REKR snapshot

As of May 15, 2026, spot at $0.78, ATM IV 205.10%, IV rank 72.99%, expected move 17.50%. The long put on REKR 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 long put structure on REKR specifically: REKR IV at 205.10% is rich versus its 1-year range, which makes a premium-buying REKR long put relatively expensive in absolute-cost terms, with a market-implied 1-standard-deviation move of approximately 17.50% (roughly $0.14 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 REKR expiries trade a higher absolute premium for lower per-day decay. Position sizing on REKR should anchor to the underlying notional of $0.78 per share and to the trader's directional view on REKR stock.

REKR long put setup

The REKR long put below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With REKR near $0.78, the first option leg uses a $0.78 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed REKR 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 REKR shares for the stock leg in covered calls and collars).

ActionTypeStrike / BasisPremium (est)
Buy 1Put$0.78N/A

REKR long put 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 the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium.

REKR long put payoff curve

Modeled P&L at expiration across a range of underlying prices for the long put on REKR. 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 long put on REKR

Long puts on REKR hedge an existing long REKR stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying REKR exposure being hedged.

REKR thesis for this long put

The market-implied 1-standard-deviation range for REKR extends from approximately $0.64 on the downside to $0.92 on the upside. A REKR long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long REKR position with one put per 100 shares held. Current REKR IV rank near 72.99% sits in the upper third of its 1-year distribution, which historically reverts; this raises the bar for premium-buying structures and lowers it for premium-selling structures on REKR at 205.10%. As a Technology name, REKR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to REKR-specific events.

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

Frequently asked questions

What is a long put on REKR?
A long put on REKR is the long put strategy applied to REKR (stock). The strategy is structurally bearish: A long put buys downside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes below the strike minus premium at expiration. With REKR stock trading near $0.78, the strikes shown on this page are snapped to the nearest listed REKR chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are REKR long put max profit and max loss calculated?
Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium. For the REKR long put priced from the end-of-day chain at a 30-day expiry (ATM IV 205.10%), 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 REKR long put?
The breakeven for the REKR long put 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 REKR market-implied 1-standard-deviation expected move is approximately 17.50%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a long put on REKR?
Long puts on REKR hedge an existing long REKR stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying REKR exposure being hedged.
How does current REKR implied volatility affect this long put?
REKR ATM IV is at 205.10% with IV rank near 72.99%, which is elevated relative to its 1-year range. Premium-selling structures (covered call, cash-secured put, iron condor) generally look more attractive when IV rank is high; premium-buying structures (long call, long put, debit spreads) are more expensive in that regime.

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