How are AIQ 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 AIQ bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 39.60%), the computed maximum profit is $165.00 per contract and the computed maximum loss is -$135.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a AIQ bear put spread?

The breakeven for the AIQ bear put spread priced on this page is roughly $62.65 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 AIQ market-implied 1-standard-deviation expected move is approximately 11.35%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

AIQ ATM IV is at 39.60% with IV rank near 83.04%, which is elevated relative to its 1-year range. Premium-selling structures (covered call, cash-secured put, iron condor) generally look more attractive when IV rank is high; premium-buying structures (long call, long put, debit spreads) are more expensive in that regime.

AIQ Bear Put Spread Strategy

AIQ (Global X - Artificial Intelligence & Technology ETF), in the Financial Services sector, (Asset Management - Global industry), listed on NASDAQ.

The Global X Artificial Intelligence & Technology ETF (AIQ) aims to deliver investment outcomes that broadly align with the price appreciation and dividend returns of the Indxx Artificial Intelligence & Big Data Index, before accounting for the ETF's inherent fees and expenses.

AIQ (Global X - Artificial Intelligence & Technology ETF) trades in the Financial Services sector, specifically Asset Management - Global, with a market capitalization of approximately $7.38B, a beta of 1.60 versus the broader market, a 52-week range of 42.92-70.26, average daily share volume of 2.5M, a public-listing history dating back to 2018. These structural characteristics shape how AIQ etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.60 indicates AIQ has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. AIQ 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 AIQ?

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 AIQ snapshot

As of June 29, 2026, spot at $64.09, ATM IV 39.60%, IV rank 83.04%, expected move 11.35%. The bear put spread on AIQ 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 18-day expiry.

Why this bear put spread structure on AIQ specifically: AIQ IV at 39.60% is rich versus its 1-year range, which makes a premium-buying AIQ bear put spread relatively expensive in absolute-cost terms, with a market-implied 1-standard-deviation move of approximately 11.35% (roughly $7.28 on the underlying). The 18-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated AIQ expiries trade a higher absolute premium for lower per-day decay. Position sizing on AIQ should anchor to the underlying notional of $64.09 per share and to the trader's directional view on AIQ etf.

AIQ bear put spread setup

The AIQ 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 AIQ near $64.09, the first option leg uses a $64.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AIQ chain at a 18-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 AIQ shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Put	$64.00	$2.20
Sell 1	Put	$61.00	$0.85

AIQ bear put spread risk and reward

Net Premium / Debit: -$135.00
Max Profit (per contract): $165.00
Max Loss (per contract): -$135.00
Breakeven(s): $62.65
Risk / Reward Ratio: 1.222

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.

AIQ bear put spread payoff curve

Modeled P&L at expiration across a range of underlying prices for the bear put spread on AIQ. 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%	+$165.00
$14.18	-77.9%	+$165.00
$28.35	-55.8%	+$165.00
$42.52	-33.7%	+$165.00
$56.69	-11.5%	+$165.00
$70.86	+10.6%	-$135.00
$85.03	+32.7%	-$135.00
$99.20	+54.8%	-$135.00
$113.37	+76.9%	-$135.00
$127.54	+99.0%	-$135.00

When traders use bear put spread on AIQ

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

AIQ thesis for this bear put spread

The market-implied 1-standard-deviation range for AIQ extends from approximately $56.81 on the downside to $71.37 on the upside. A AIQ bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on AIQ, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current AIQ IV rank near 83.04% sits in the upper third of its 1-year distribution, which historically reverts; this raises the bar for premium-buying structures and lowers it for premium-selling structures on AIQ at 39.60%. As a Financial Services name, AIQ options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AIQ-specific events.

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

Frequently asked questions

What is a bear put spread on AIQ?: A bear put spread on AIQ is the bear put spread strategy applied to AIQ (etf). 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 AIQ etf trading near $64.09, the strikes shown on this page are snapped to the nearest listed AIQ chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are AIQ 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 AIQ bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 39.60%), the computed maximum profit is $165.00 per contract and the computed maximum loss is -$135.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a AIQ bear put spread?: The breakeven for the AIQ bear put spread priced on this page is roughly $62.65 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 AIQ market-implied 1-standard-deviation expected move is approximately 11.35%; 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 AIQ?: Bear put spreads on AIQ reduce the cost of a bearish AIQ etf 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 AIQ implied volatility affect this bear put spread?: AIQ ATM IV is at 39.60% with IV rank near 83.04%, which is elevated relative to its 1-year range. Premium-selling structures (covered call, cash-secured put, iron condor) generally look more attractive when IV rank is high; premium-buying structures (long call, long put, debit spreads) are more expensive in that regime.