STEX Long Put Strategy
STEX (Streamex Corp.), in the Financial Services sector, (Asset Management industry), listed on NASDAQ.
Streamex Corp., previously known as BioSig Technologies, Inc., officially assumed its new name on September 12, 2025, after completing a merger with Streamex Exchange Corporation. The company has since pivoted its core business strategy, moving from healthcare technology to specialize in the tokenization of tangible assets. A primary objective of this shift is to integrate the gold and broader commodities markets into blockchain technology. To facilitate this, Streamex provides robust, institutional-level infrastructure for asset tokenization, which is uniquely underpinned by a treasury denominated in gold.
STEX (Streamex Corp.) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $31.7M, a beta of 1.86 versus the broader market, a 52-week range of 0.7-14.11, average daily share volume of 1.6M, a public-listing history dating back to 2025, approximately 5 full-time employees. These structural characteristics shape how STEX stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.86 indicates STEX 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 STEX?
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 STEX snapshot
As of June 29, 2026, spot at $0.79, ATM IV 121.10%, IV rank 21.24%, expected move 34.72%. The long put on STEX 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 18-day expiry.
Why this long put structure on STEX specifically: STEX IV at 121.10% is on the cheap side of its 1-year range, which favors premium-buying structures like a STEX long put, with a market-implied 1-standard-deviation move of approximately 34.72% (roughly $0.27 on the underlying). The 18-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated STEX expiries trade a higher absolute premium for lower per-day decay. Position sizing on STEX should anchor to the underlying notional of $0.79 per share and to the trader's directional view on STEX stock.
STEX long put setup
The STEX 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 STEX near $0.79, the first option leg uses a $0.79 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed STEX chain at a 18-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 STEX shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $0.79 | N/A |
STEX 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.
STEX long put payoff curve
Modeled P&L at expiration across a range of underlying prices for the long put on STEX. 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 STEX
Long puts on STEX hedge an existing long STEX stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying STEX exposure being hedged.
STEX thesis for this long put
The market-implied 1-standard-deviation range for STEX extends from approximately $0.52 on the downside to $1.06 on the upside. A STEX long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long STEX position with one put per 100 shares held. Current STEX IV rank near 21.24% 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 STEX at 121.10%. As a Financial Services name, STEX options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to STEX-specific events.
STEX 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. STEX positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move STEX alongside the broader basket even when STEX-specific fundamentals are unchanged. Long-premium structures like a long put on STEX 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 STEX chain quotes before placing a trade.
Frequently asked questions
- What is a long put on STEX?
- A long put on STEX is the long put strategy applied to STEX (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 STEX stock trading near $0.79, the strikes shown on this page are snapped to the nearest listed STEX chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are STEX 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 STEX long put priced from the end-of-day chain at a 30-day expiry (ATM IV 121.10%), 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 STEX long put?
- The breakeven for the STEX 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 STEX market-implied 1-standard-deviation expected move is approximately 34.72%; 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 STEX?
- Long puts on STEX hedge an existing long STEX stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying STEX exposure being hedged.
- How does current STEX implied volatility affect this long put?
- STEX ATM IV is at 121.10% with IV rank near 21.24%, 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.