How are WSC 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 WSC long put priced from the end-of-day chain at a 30-day expiry (ATM IV 49.30%), the computed maximum profit is $2,276.50 per contract and the computed maximum loss is -$222.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a WSC long put?

The breakeven for the WSC long put priced on this page is roughly $22.78 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 long put?

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 Long Put 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 long put on WSC?

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 WSC snapshot

As of May 15, 2026, spot at $24.58, ATM IV 49.30%, IV rank 8.85%, expected move 14.13%. The long put 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 long put 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 long put, 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 long put setup

The WSC 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 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

WSC long put risk and reward

Net Premium / Debit: -$222.50
Max Profit (per contract): $2,276.50
Max Loss (per contract): -$222.50
Breakeven(s): $22.78
Risk / Reward Ratio: 10.231

Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium.

WSC long put payoff curve

Modeled P&L at expiration across a range of underlying prices for the long put 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%	+$2,276.50
$5.44	-77.9%	+$1,733.13
$10.88	-55.7%	+$1,189.77
$16.31	-33.6%	+$646.40
$21.74	-11.5%	+$103.03
$27.18	+10.6%	-$222.50
$32.61	+32.7%	-$222.50
$38.05	+54.8%	-$222.50
$43.48	+76.9%	-$222.50
$48.91	+99.0%	-$222.50

When traders use long put on WSC

Long puts on WSC hedge an existing long WSC stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying WSC exposure being hedged.

WSC thesis for this long put

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 long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long WSC position with one put per 100 shares held. 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 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. 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 long put 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 long put on WSC?: A long put on WSC is the long put strategy applied to WSC (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 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 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 WSC long put priced from the end-of-day chain at a 30-day expiry (ATM IV 49.30%), the computed maximum profit is $2,276.50 per contract and the computed maximum loss is -$222.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a WSC long put?: The breakeven for the WSC long put priced on this page is roughly $22.78 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 long put on WSC?: Long puts on WSC hedge an existing long WSC stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying WSC exposure being hedged.
How does current WSC implied volatility affect this long put?: 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.