How are VSAT strangle max profit and max loss calculated?

Upside max profit is unbounded; downside max profit is bounded at the put strike minus the combined debit (reached at zero). Max loss equals the combined debit times 100 (reached anywhere between the two OTM strikes). Two breakevens at call-strike plus debit and put-strike minus debit. For the VSAT strangle priced from the end-of-day chain at a 30-day expiry (ATM IV 89.70%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$930.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a VSAT strangle?

The breakeven for the VSAT strangle priced on this page is roughly $75.70 and $104.30 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 VSAT market-implied 1-standard-deviation expected move is approximately 25.72%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current VSAT implied volatility affect this strangle?

VSAT ATM IV is at 89.70% with IV rank near 48.82%, 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.

VSAT Strangle Strategy

VSAT (Viasat, Inc.), in the Technology sector, (Communication Equipment industry), listed on NASDAQ.

Viasat, Inc. is a global innovator in broadband and communications technology, delivering its products and services worldwide. The company's operations are divided into two main segments. Its Satellite Services division provides satellite-based internet access and voice-over-IP for homes and businesses, offers in-flight entertainment systems and aviation software to airlines, and delivers community internet services. It also supplies mobile broadband solutions for marine vessels such as offshore energy ships, cruise liners, ferries, and private yachts, along with specialized energy services featuring ultra-secure IP connectivity, optimized applications, IoT data integration, and advanced machine learning analytics. The Commercial Networks segment focuses on developing and supplying both fixed and mobile broadband satellite communication systems, including their core infrastructure and ground terminals. This division also produces a range of antenna systems for terrestrial and satellite uses, encompassing earth imaging, remote sensing, and multi-band satellite communications.

VSAT (Viasat, Inc.) trades in the Technology sector, specifically Communication Equipment, with a market capitalization of approximately $8.46B, a beta of 1.72 versus the broader market, a 52-week range of 14-89.79, average daily share volume of 2.2M, a public-listing history dating back to 1996, approximately 8K full-time employees. These structural characteristics shape how VSAT stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.72 indicates VSAT 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 strangle on VSAT?

A long strangle buys an OTM call and an OTM put at offset strikes, cheaper than a straddle but requiring a larger underlying move to profit since both wings start out-of-the-money.

Current VSAT snapshot

As of June 30, 2026, spot at $89.34, ATM IV 89.70%, IV rank 48.82%, expected move 25.72%. The strangle on VSAT 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 17-day expiry.

Why this strangle structure on VSAT specifically: VSAT IV at 89.70% 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 25.72% (roughly $22.97 on the underlying). The 17-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated VSAT expiries trade a higher absolute premium for lower per-day decay. Position sizing on VSAT should anchor to the underlying notional of $89.34 per share and to the trader's directional view on VSAT stock.

VSAT strangle setup

The VSAT strangle below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With VSAT near $89.34, the first option leg uses a $95.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed VSAT chain at a 17-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 VSAT shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Call	$95.00	$4.50
Buy 1	Put	$85.00	$4.80

VSAT strangle risk and reward

Net Premium / Debit: -$930.00
Max Profit (per contract): Unbounded
Max Loss (per contract): -$930.00
Breakeven(s): $75.70, $104.30
Risk / Reward Ratio: Unbounded

Upside max profit is unbounded; downside max profit is bounded at the put strike minus the combined debit (reached at zero). Max loss equals the combined debit times 100 (reached anywhere between the two OTM strikes). Two breakevens at call-strike plus debit and put-strike minus debit.

VSAT strangle payoff curve

Modeled P&L at expiration across a range of underlying prices for the strangle on VSAT. 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.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	+$7,569.00
$19.76	-77.9%	+$5,593.75
$39.51	-55.8%	+$3,618.51
$59.27	-33.7%	+$1,643.26
$79.02	-11.6%	-$331.98
$98.77	+10.6%	-$552.77
$118.52	+32.7%	+$1,422.48
$138.28	+54.8%	+$3,397.72
$158.03	+76.9%	+$5,372.97
$177.78	+99.0%	+$7,348.22

When traders use strangle on VSAT

Strangles on VSAT are the cheaper cousin of the straddle - traders use them when they want a large directional move but are willing to give up the inner-strike sensitivity in exchange for a lower up-front debit on the VSAT chain.

VSAT thesis for this strangle

The market-implied 1-standard-deviation range for VSAT extends from approximately $66.37 on the downside to $112.31 on the upside. A VSAT long strangle is the OTM cousin of the straddle: lower up-front cost but the underlying has to travel further past either OTM strike before the position turns profitable at expiration. Current VSAT IV rank near 48.82% is mid-range against its 1-year distribution, so the IV signal is neutral; the strangle thesis on VSAT should anchor more to the directional view and the expected-move geometry. As a Technology name, VSAT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to VSAT-specific events.

VSAT strangle positions are structurally neutral / high-volatility (long premium, OTM); 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. VSAT positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move VSAT alongside the broader basket even when VSAT-specific fundamentals are unchanged. Always rebuild the position from current VSAT chain quotes before placing a trade.

Frequently asked questions

What is a strangle on VSAT?: A strangle on VSAT is the strangle strategy applied to VSAT (stock). The strategy is structurally neutral / high-volatility (long premium, OTM): A long strangle buys an OTM call and an OTM put at offset strikes, cheaper than a straddle but requiring a larger underlying move to profit since both wings start out-of-the-money. With VSAT stock trading near $89.34, the strikes shown on this page are snapped to the nearest listed VSAT chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are VSAT strangle max profit and max loss calculated?: Upside max profit is unbounded; downside max profit is bounded at the put strike minus the combined debit (reached at zero). Max loss equals the combined debit times 100 (reached anywhere between the two OTM strikes). Two breakevens at call-strike plus debit and put-strike minus debit. For the VSAT strangle priced from the end-of-day chain at a 30-day expiry (ATM IV 89.70%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$930.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a VSAT strangle?: The breakeven for the VSAT strangle priced on this page is roughly $75.70 and $104.30 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 VSAT market-implied 1-standard-deviation expected move is approximately 25.72%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a strangle on VSAT?: Strangles on VSAT are the cheaper cousin of the straddle - traders use them when they want a large directional move but are willing to give up the inner-strike sensitivity in exchange for a lower up-front debit on the VSAT chain.
How does current VSAT implied volatility affect this strangle?: VSAT ATM IV is at 89.70% with IV rank near 48.82%, 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.