SKYA Long Put Strategy
SKYA (SkyAI, Inc.), in the Technology sector, (Software - Infrastructure industry), listed on NASDAQ.
SkyAI, Inc. specializes in crafting an intelligent financial platform that also features comprehensive financial literacy education. This innovative system utilizes a combination of stablecoin infrastructure and artificial intelligence to offer vital financial access, educational content, and actionable insights, primarily targeting underserved communities in Asia, Latin America, and Africa. The company was founded in 2017 and was originally known as Sharps Technology, Inc., before officially adopting the name SkyAI, Inc. in May 2026. Its corporate headquarters are located in Melville, New York.
SKYA (SkyAI, Inc.) trades in the Technology sector, specifically Software - Infrastructure, with a market capitalization of approximately $47.4M, a beta of 2.05 versus the broader market, a 52-week range of 0.91-18.23, average daily share volume of 254K, a public-listing history dating back to 2022, approximately 5 full-time employees. These structural characteristics shape how SKYA stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 2.05 indicates SKYA 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 SKYA?
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.
SKYA snapshot
As of August 14, 2026, spot at $0.98, ATM IV 26.50%, expected move 7.60%. The long put on SKYA 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 long put structure on SKYA specifically: IV rank is unavailable in the current snapshot, so regime-based timing for SKYA is inferred from ATM IV at 26.50% alone, with a market-implied 1-standard-deviation move of approximately 7.60% (roughly $0.07 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 SKYA expiries trade a higher absolute premium for lower per-day decay. Position sizing on SKYA should anchor to the underlying notional of $0.98 per share and to the trader's directional view on SKYA stock.
SKYA long put setup
The SKYA 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 SKYA at $0.98 on that close, the first option leg uses a $0.98 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed SKYA 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 SKYA shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $0.98 | N/A |
SKYA 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.
SKYA long put payoff curve
Modeled P&L at expiration across a range of underlying prices for the long put on SKYA. 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 SKYA
Long puts on SKYA hedge an existing long SKYA stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying SKYA exposure being hedged.
SKYA thesis for this long put
The market-implied 1-standard-deviation range for SKYA extends from approximately $0.91 on the downside to $1.05 on the upside. A SKYA long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long SKYA position with one put per 100 shares held. As a Technology name, SKYA options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to SKYA-specific events.
SKYA 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. SKYA positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move SKYA alongside the broader basket even when SKYA-specific fundamentals are unchanged. Long-premium structures like a long put on SKYA 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 SKYA chain quotes before placing a trade.
Frequently asked questions
- What is a long put on SKYA?
- A long put on SKYA is the long put strategy applied to SKYA (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 SKYA stock at $0.98 on the most recent close, the strikes shown on this page are snapped to the nearest listed SKYA chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are SKYA 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 SKYA long put priced from the end-of-day chain at a 30-day expiry (ATM IV 26.50%), 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 SKYA long put?
- The breakeven for the SKYA long put 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 SKYA market-implied 1-standard-deviation expected move in the same options snapshot is approximately 7.60%; 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 SKYA?
- Long puts on SKYA hedge an existing long SKYA stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying SKYA exposure being hedged.
- How does current SKYA implied volatility affect this long put?
- Current SKYA ATM IV is 26.50%; IV rank context is unavailable in the current snapshot.