UVSP Long Put Strategy
UVSP (Univest Financial Corporation), in the Financial Services sector, (Banks - Regional industry), listed on NASDAQ.
Univest Financial Corporation operates as the bank holding company for Univest Bank and Trust Co. that provides banking products and services primarily in Pennsylvania. It operates through three segments: Banking, Wealth Management, and Insurance. The Banking segment provides a range of banking services, such as deposit taking, loan origination and servicing, mortgage banking, other general banking, and equipment lease financing services for individuals, businesses, municipalities, and nonprofit organizations. The Wealth Management segment offers investment advisory, financial planning, and trust and brokerage services for private families and individuals, municipal pension plans, retirement plans, and trusts and guardianships. The Insurance segment provides commercial property and casualty insurance, employee benefits solutions, personal insurance lines, and human resources consulting services. It serves customers primarily in Bucks, Berks, Chester, Cumberland, Dauphin, Delaware, Lancaster, Lehigh, Montgomery, Northampton, Philadelphia, and York counties in Pennsylvania; and Atlantic, Burlington, and Cape May counties in New Jersey through 37 banking offices.
UVSP (Univest Financial Corporation) trades in the Financial Services sector, specifically Banks - Regional, with a market capitalization of approximately $1.05B, a trailing P/E of 11.10, a beta of 0.66 versus the broader market, a 52-week range of 27.91-39.06, average daily share volume of 192K, a public-listing history dating back to 1998, approximately 892 full-time employees. These structural characteristics shape how UVSP stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.66 indicates UVSP has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. The trailing P/E of 11.10 is on the value side, where IV often compresses outside event windows because forward growth expectations are already discounted into the share price. UVSP pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a long put on UVSP?
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 UVSP snapshot
As of May 15, 2026, spot at $37.64, ATM IV 49.80%, IV rank 12.42%, expected move 14.28%. The long put on UVSP 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 UVSP specifically: UVSP IV at 49.80% is on the cheap side of its 1-year range, which favors premium-buying structures like a UVSP long put, with a market-implied 1-standard-deviation move of approximately 14.28% (roughly $5.37 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 UVSP expiries trade a higher absolute premium for lower per-day decay. Position sizing on UVSP should anchor to the underlying notional of $37.64 per share and to the trader's directional view on UVSP stock.
UVSP long put setup
The UVSP 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 UVSP near $37.64, the first option leg uses a $37.64 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed UVSP 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 UVSP shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $37.64 | N/A |
UVSP 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.
UVSP long put payoff curve
Modeled P&L at expiration across a range of underlying prices for the long put on UVSP. 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 UVSP
Long puts on UVSP hedge an existing long UVSP stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying UVSP exposure being hedged.
UVSP thesis for this long put
The market-implied 1-standard-deviation range for UVSP extends from approximately $32.27 on the downside to $43.01 on the upside. A UVSP long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long UVSP position with one put per 100 shares held. Current UVSP IV rank near 12.42% 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 UVSP at 49.80%. As a Financial Services name, UVSP options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to UVSP-specific events.
UVSP 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. UVSP positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move UVSP alongside the broader basket even when UVSP-specific fundamentals are unchanged. Long-premium structures like a long put on UVSP 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 UVSP chain quotes before placing a trade.
Frequently asked questions
- What is a long put on UVSP?
- A long put on UVSP is the long put strategy applied to UVSP (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 UVSP stock trading near $37.64, the strikes shown on this page are snapped to the nearest listed UVSP chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are UVSP 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 UVSP long put priced from the end-of-day chain at a 30-day expiry (ATM IV 49.80%), 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 UVSP long put?
- The breakeven for the UVSP 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 UVSP market-implied 1-standard-deviation expected move is approximately 14.28%; 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 UVSP?
- Long puts on UVSP hedge an existing long UVSP stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying UVSP exposure being hedged.
- How does current UVSP implied volatility affect this long put?
- UVSP ATM IV is at 49.80% with IV rank near 12.42%, 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.