How are VPG 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 VPG bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 81.10%), the computed maximum profit is $230.00 per contract and the computed maximum loss is -$270.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a VPG bear put spread?

The breakeven for the VPG bear put spread priced on this page is roughly $97.30 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 VPG market-implied 1-standard-deviation expected move is approximately 23.25%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current VPG implied volatility affect this bear put spread?

VPG ATM IV is at 81.10% with IV rank near 37.43%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.

VPG Bear Put Spread Strategy

VPG (Vishay Precision Group, Inc.), in the Technology sector, (Hardware, Equipment & Parts industry), listed on NYSE.

Vishay Precision Group, Inc. designs, manufactures, and markets specialized sensors, weighing solutions, and measurement systems in the United States, Israel, the United Kingdom, rest of Europe, Asia, and Canada. It operates through three segments: Sensors, Weighing Solutions, and Measurement Systems. Its product portfolio includes precision resistors, strain gages, load cells, on-board weighing systems, and process weighing products. The company also offers data acquisition systems for avionics; measurement systems for steel production; material testing and simulation systems; and data acquisition systems for auto safety testing. Its products are used in industrial, test and measurement, transportation, steel, medical, agriculture, avionics, military and space, and consumer product applications. The company offers its products under the Alpha Electronics, Powertron, Vishay Foil Resistors, Micro-Measurements, Celtron, Revere, Sensortronics, Tedea-Huntleigh, Stress-tek, Vulcan, BLH Nobel, KELK, and DTS brands.

VPG (Vishay Precision Group, Inc.) trades in the Technology sector, specifically Hardware, Equipment & Parts, with a market capitalization of approximately $1.32B, a trailing P/E of 223.86, a beta of 1.13 versus the broader market, a 52-week range of 24.89-104.5, average daily share volume of 268K, a public-listing history dating back to 2010, approximately 2K full-time employees. These structural characteristics shape how VPG stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.13 places VPG roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. The trailing P/E of 223.86 is on the rich side, which tends to correlate with higher earnings-window IV expansion as the market debates whether forward growth supports the multiple.

What is a bear put spread on VPG?

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 VPG snapshot

As of May 15, 2026, spot at $98.47, ATM IV 81.10%, IV rank 37.43%, expected move 23.25%. The bear put spread on VPG 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 VPG specifically: VPG IV at 81.10% is mid-range versus its 1-year history, so strategy selection should anchor more to the directional thesis than to the IV regime, with a market-implied 1-standard-deviation move of approximately 23.25% (roughly $22.89 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 VPG expiries trade a higher absolute premium for lower per-day decay. Position sizing on VPG should anchor to the underlying notional of $98.47 per share and to the trader's directional view on VPG stock.

VPG bear put spread setup

The VPG 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 VPG near $98.47, the first option leg uses a $100.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed VPG 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 VPG shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Put	$100.00	$10.05
Sell 1	Put	$95.00	$7.35

VPG bear put spread risk and reward

Net Premium / Debit: -$270.00
Max Profit (per contract): $230.00
Max Loss (per contract): -$270.00
Breakeven(s): $97.30
Risk / Reward Ratio: 0.852

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.

VPG bear put spread payoff curve

Modeled P&L at expiration across a range of underlying prices for the bear put spread on VPG. 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.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	+$230.00
$21.78	-77.9%	+$230.00
$43.55	-55.8%	+$230.00
$65.32	-33.7%	+$230.00
$87.09	-11.6%	+$230.00
$108.87	+10.6%	-$270.00
$130.64	+32.7%	-$270.00
$152.41	+54.8%	-$270.00
$174.18	+76.9%	-$270.00
$195.95	+99.0%	-$270.00

When traders use bear put spread on VPG

Bear put spreads on VPG reduce the cost of a bearish VPG stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.

VPG thesis for this bear put spread

The market-implied 1-standard-deviation range for VPG extends from approximately $75.58 on the downside to $121.36 on the upside. A VPG bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on VPG, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current VPG IV rank near 37.43% is mid-range against its 1-year distribution, so the IV signal is neutral; the bear put spread thesis on VPG should anchor more to the directional view and the expected-move geometry. As a Technology name, VPG options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to VPG-specific events.

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

Frequently asked questions

What is a bear put spread on VPG?: A bear put spread on VPG is the bear put spread strategy applied to VPG (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 VPG stock trading near $98.47, the strikes shown on this page are snapped to the nearest listed VPG chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are VPG 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 VPG bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 81.10%), the computed maximum profit is $230.00 per contract and the computed maximum loss is -$270.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a VPG bear put spread?: The breakeven for the VPG bear put spread priced on this page is roughly $97.30 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 VPG market-implied 1-standard-deviation expected move is approximately 23.25%; 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 VPG?: Bear put spreads on VPG reduce the cost of a bearish VPG 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 VPG implied volatility affect this bear put spread?: VPG ATM IV is at 81.10% with IV rank near 37.43%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.