How are WIX 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 WIX bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 76.50%), the computed maximum profit is $125.00 per contract and the computed maximum loss is -$125.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a WIX bear put spread?

The breakeven for the WIX bear put spread priced on this page is roughly $43.75 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 WIX market-implied 1-standard-deviation expected move is approximately 21.93%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

WIX ATM IV is at 76.50% with IV rank near 32.89%, 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.

WIX Bear Put Spread Strategy

WIX (Wix.com Ltd.), in the Technology sector, (Software - Infrastructure industry), listed on NASDAQ.

Wix.com Ltd. operates a cloud-based platform globally, enabling individuals and businesses across North America, Europe, Latin America, Asia, and other international regions to build websites and web applications. Its offerings include the intuitive Wix Editor, a visual drag-and-drop tool for site construction and modification, alongside Wix ADI, which leverages artificial intelligence to facilitate tailored website creation. For more advanced needs, Corvid by Wix allows for the development of sophisticated web applications. The company also provides Ascend by Wix, a comprehensive suite of around 20 tools designed to enhance customer engagement, streamline operations, and support business expansion. Users can generate professional logos through the AI-powered Wix Logo Maker. To assist its clientele in supporting their own users across various channels, Wix offers Wix Answers, a robust support infrastructure.

WIX (Wix.com Ltd.) trades in the Technology sector, specifically Software - Infrastructure, with a market capitalization of approximately $2.43B, a beta of 0.90 versus the broader market, a 52-week range of 40.16-190.93, average daily share volume of 2.5M, a public-listing history dating back to 2013, approximately 4K full-time employees. These structural characteristics shape how WIX stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.90 places WIX roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.

What is a bear put spread on WIX?

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 WIX snapshot

As of June 30, 2026, spot at $45.40, ATM IV 76.50%, IV rank 32.89%, expected move 21.93%. The bear put spread on WIX 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 bear put spread structure on WIX specifically: WIX IV at 76.50% 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 21.93% (roughly $9.96 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 WIX expiries trade a higher absolute premium for lower per-day decay. Position sizing on WIX should anchor to the underlying notional of $45.40 per share and to the trader's directional view on WIX stock.

WIX bear put spread setup

The WIX 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 WIX near $45.40, the first option leg uses a $45.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed WIX 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 WIX shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Put	$45.00	$2.90
Sell 1	Put	$42.50	$1.65

WIX bear put spread risk and reward

Net Premium / Debit: -$125.00
Max Profit (per contract): $125.00
Max Loss (per contract): -$125.00
Breakeven(s): $43.75
Risk / Reward Ratio: 1.000

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.

WIX bear put spread payoff curve

Modeled P&L at expiration across a range of underlying prices for the bear put spread on WIX. 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%	+$125.00
$10.05	-77.9%	+$125.00
$20.08	-55.8%	+$125.00
$30.12	-33.7%	+$125.00
$40.16	-11.5%	+$125.00
$50.20	+10.6%	-$125.00
$60.23	+32.7%	-$125.00
$70.27	+54.8%	-$125.00
$80.31	+76.9%	-$125.00
$90.34	+99.0%	-$125.00

When traders use bear put spread on WIX

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

WIX thesis for this bear put spread

The market-implied 1-standard-deviation range for WIX extends from approximately $35.44 on the downside to $55.36 on the upside. A WIX bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on WIX, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current WIX IV rank near 32.89% is mid-range against its 1-year distribution, so the IV signal is neutral; the bear put spread thesis on WIX should anchor more to the directional view and the expected-move geometry. As a Technology name, WIX options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to WIX-specific events.

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

Frequently asked questions

What is a bear put spread on WIX?: A bear put spread on WIX is the bear put spread strategy applied to WIX (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 WIX stock trading near $45.40, the strikes shown on this page are snapped to the nearest listed WIX chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are WIX 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 WIX bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 76.50%), the computed maximum profit is $125.00 per contract and the computed maximum loss is -$125.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a WIX bear put spread?: The breakeven for the WIX bear put spread priced on this page is roughly $43.75 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 WIX market-implied 1-standard-deviation expected move is approximately 21.93%; 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 WIX?: Bear put spreads on WIX reduce the cost of a bearish WIX 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 WIX implied volatility affect this bear put spread?: WIX ATM IV is at 76.50% with IV rank near 32.89%, 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.