SEIC Bear Put Spread Strategy
SEIC (SEI Investments Company), in the Financial Services sector, (Asset Management industry), listed on NASDAQ.
SEI Investments Company is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients. It provides its services to private banks, independent financial advisers, institutional investors, investment managers, investment advisors, wealth management organizations, corporations, retirement scheme sponsors, not-for-profit organizations, hedge fund managers, registered investment advisers, independent broker-dealers, financial planners, life insurance agents, defined-benefit schemes, defined-contribution schemes, endowments, foundations, and board-designated fund, through its subsidiaries. Through its subsidiaries, the firm manages separate client-focused portfolios. It also launches and manages equity, fixed income, and balanced mutual funds, through its subsidiaries. Through its subsidiaries, the firm invests in public equity and fixed income markets.
SEIC (SEI Investments Company) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $11.09B, a trailing P/E of 15.20, a beta of 1.00 versus the broader market, a 52-week range of 75.08-93.96, average daily share volume of 938K, a public-listing history dating back to 1981, approximately 5K full-time employees. These structural characteristics shape how SEIC stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.00 places SEIC roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. SEIC 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 SEIC?
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.
Current SEIC snapshot
As of May 15, 2026, spot at $90.80, ATM IV 25.90%, IV rank 2.74%, expected move 7.43%. The bear put spread on SEIC 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 bear put spread structure on SEIC specifically: SEIC IV at 25.90% is on the cheap side of its 1-year range, which favors premium-buying structures like a SEIC bear put spread, with a market-implied 1-standard-deviation move of approximately 7.43% (roughly $6.74 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 SEIC expiries trade a higher absolute premium for lower per-day decay. Position sizing on SEIC should anchor to the underlying notional of $90.80 per share and to the trader's directional view on SEIC stock.
SEIC bear put spread setup
The SEIC 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 SEIC near $90.80, the first option leg uses a $90.80 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed SEIC 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 SEIC shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $90.80 | N/A |
| Sell 1 | Put | $86.26 | N/A |
SEIC 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.
SEIC bear put spread payoff curve
Modeled P&L at expiration across a range of underlying prices for the bear put spread on SEIC. 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 SEIC
Bear put spreads on SEIC reduce the cost of a bearish SEIC stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.
SEIC thesis for this bear put spread
The market-implied 1-standard-deviation range for SEIC extends from approximately $84.06 on the downside to $97.54 on the upside. A SEIC bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on SEIC, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current SEIC IV rank near 2.74% 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 SEIC at 25.90%. As a Financial Services name, SEIC options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to SEIC-specific events.
SEIC 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. SEIC positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move SEIC alongside the broader basket even when SEIC-specific fundamentals are unchanged. Long-premium structures like a bear put spread on SEIC 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 SEIC chain quotes before placing a trade.
Frequently asked questions
- What is a bear put spread on SEIC?
- A bear put spread on SEIC is the bear put spread strategy applied to SEIC (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 SEIC stock trading near $90.80, the strikes shown on this page are snapped to the nearest listed SEIC chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are SEIC 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 SEIC bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 25.90%), 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 SEIC bear put spread?
- The breakeven for the SEIC bear put spread 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 SEIC market-implied 1-standard-deviation expected move is approximately 7.43%; 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 SEIC?
- Bear put spreads on SEIC reduce the cost of a bearish SEIC 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 SEIC implied volatility affect this bear put spread?
- SEIC ATM IV is at 25.90% with IV rank near 2.74%, 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.