How are WSC 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 WSC bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 49.30%), the computed maximum profit is $162.50 per contract and the computed maximum loss is -$87.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a WSC bear put spread?

The breakeven for the WSC bear put spread priced on this page is roughly $24.13 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 WSC market-implied 1-standard-deviation expected move is approximately 14.13%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

WSC ATM IV is at 49.30% with IV rank near 8.85%, 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.

WSC Bear Put Spread Strategy

WSC (WillScot Holdings Corporation), in the Industrials sector, (Rental & Leasing Services industry), listed on NASDAQ.

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers. The company leases modular space and portable storage units to customers in the construction, commercial and industrial, retail and wholesale trade, energy and natural resources, education, government and institutions, and healthcare markets. The company offers its solutions primarily under the WillScot and Mobile Mini brand names. The company was formerly known as WillScot Mobile Mini Holdings Corp. and changed its name to WillScot Holdings Corporation in July 2024.

WSC (WillScot Holdings Corporation) trades in the Industrials sector, specifically Rental & Leasing Services, with a market capitalization of approximately $4.69B, a beta of 1.31 versus the broader market, a 52-week range of 14.91-31.88, average daily share volume of 2.5M, a public-listing history dating back to 2015, approximately 5K full-time employees. These structural characteristics shape how WSC stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.31 indicates WSC has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. WSC pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a bear put spread on WSC?

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 WSC snapshot

As of May 15, 2026, spot at $24.58, ATM IV 49.30%, IV rank 8.85%, expected move 14.13%. The bear put spread on WSC 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 63-day expiry.

Why this bear put spread structure on WSC specifically: WSC IV at 49.30% is on the cheap side of its 1-year range, which favors premium-buying structures like a WSC bear put spread, with a market-implied 1-standard-deviation move of approximately 14.13% (roughly $3.47 on the underlying). The 63-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated WSC expiries trade a higher absolute premium for lower per-day decay. Position sizing on WSC should anchor to the underlying notional of $24.58 per share and to the trader's directional view on WSC stock.

WSC bear put spread setup

The WSC 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 WSC near $24.58, the first option leg uses a $25.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed WSC chain at a 63-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 WSC shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Put	$25.00	$2.23
Sell 1	Put	$22.50	$1.35

WSC bear put spread risk and reward

Net Premium / Debit: -$87.50
Max Profit (per contract): $162.50
Max Loss (per contract): -$87.50
Breakeven(s): $24.13
Risk / Reward Ratio: 1.857

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.

WSC bear put spread payoff curve

Modeled P&L at expiration across a range of underlying prices for the bear put spread on WSC. 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%	+$162.50
$5.44	-77.9%	+$162.50
$10.88	-55.7%	+$162.50
$16.31	-33.6%	+$162.50
$21.74	-11.5%	+$162.50
$27.18	+10.6%	-$87.50
$32.61	+32.7%	-$87.50
$38.05	+54.8%	-$87.50
$43.48	+76.9%	-$87.50
$48.91	+99.0%	-$87.50

When traders use bear put spread on WSC

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

WSC thesis for this bear put spread

The market-implied 1-standard-deviation range for WSC extends from approximately $21.11 on the downside to $28.05 on the upside. A WSC bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on WSC, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current WSC IV rank near 8.85% 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 WSC at 49.30%. As a Industrials name, WSC options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to WSC-specific events.

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

Frequently asked questions

What is a bear put spread on WSC?: A bear put spread on WSC is the bear put spread strategy applied to WSC (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 WSC stock trading near $24.58, the strikes shown on this page are snapped to the nearest listed WSC chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are WSC 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 WSC bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 49.30%), the computed maximum profit is $162.50 per contract and the computed maximum loss is -$87.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a WSC bear put spread?: The breakeven for the WSC bear put spread priced on this page is roughly $24.13 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 WSC market-implied 1-standard-deviation expected move is approximately 14.13%; 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 WSC?: Bear put spreads on WSC reduce the cost of a bearish WSC 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 WSC implied volatility affect this bear put spread?: WSC ATM IV is at 49.30% with IV rank near 8.85%, 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.