AMOM Bear Put Spread Strategy
AMOM (QRAFT AI-Enhanced U.S. Large Cap Momentum ETF), in the Financial Services sector, (Asset Management industry), listed on AMEX.
Exchange Listed Funds Trust - QRAFT AI-Enhanced U.S. Large Cap Momentum ETF is an exchange traded fund launched and managed by Exchange Traded Concepts, LLC. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in momentum stocks of large-cap companies. It seeks to benchmark the performance of its portfolio against the S&P 500 Index.
AMOM (QRAFT AI-Enhanced U.S. Large Cap Momentum ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $37.8M, a beta of 1.44 versus the broader market, a 52-week range of 44.5-64.44, average daily share volume of 6K, a public-listing history dating back to 2019. These structural characteristics shape how AMOM etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.44 indicates AMOM has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. AMOM 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 AMOM?
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.
AMOM snapshot
As of August 14, 2026, spot at $60.63, ATM IV 28.80%, IV rank 3.16%, expected move 8.26%. The bear put spread on AMOM below is built from the August 14, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 35-day expiry.
Why this bear put spread structure on AMOM specifically: AMOM IV at 28.80% is on the cheap side of its 1-year range, which favors premium-buying structures like a AMOM bear put spread, with a market-implied 1-standard-deviation move of approximately 8.26% (roughly $5.01 on the underlying). The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated AMOM expiries trade a higher absolute premium for lower per-day decay. Position sizing on AMOM should anchor to the underlying notional of $60.63 per share and to the trader's directional view on AMOM etf.
AMOM bear put spread setup
The AMOM bear put spread below is built from the August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With AMOM at $60.63 on that close, the first option leg uses a $61.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AMOM chain at a 35-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 AMOM shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $61.00 | $2.63 |
| Sell 1 | Put | $58.00 | $1.33 |
AMOM bear put spread risk and reward
- Net Premium / Debit
- -$130.00
- Max Profit (per contract)
- $170.00
- Max Loss (per contract)
- -$130.00
- Breakeven(s)
- $59.70
- Risk / Reward Ratio
- 1.308
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.
AMOM bear put spread payoff curve
Modeled P&L at expiration across a range of underlying prices for the bear put spread on AMOM. 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% | +$170.00 |
| $13.41 | -77.9% | +$170.00 |
| $26.82 | -55.8% | +$170.00 |
| $40.22 | -33.7% | +$170.00 |
| $53.63 | -11.5% | +$170.00 |
| $67.03 | +10.6% | -$130.00 |
| $80.44 | +32.7% | -$130.00 |
| $93.84 | +54.8% | -$130.00 |
| $107.25 | +76.9% | -$130.00 |
| $120.65 | +99.0% | -$130.00 |
When traders use bear put spread on AMOM
Bear put spreads on AMOM reduce the cost of a bearish AMOM etf position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.
AMOM thesis for this bear put spread
The market-implied 1-standard-deviation range for AMOM extends from approximately $55.62 on the downside to $65.64 on the upside. A AMOM bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on AMOM, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current AMOM IV rank near 3.16% 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 AMOM at 28.80%. As a Financial Services name, AMOM options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AMOM-specific events.
AMOM 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. AMOM positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move AMOM alongside the broader basket even when AMOM-specific fundamentals are unchanged. Long-premium structures like a bear put spread on AMOM 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 AMOM chain quotes before placing a trade.
Frequently asked questions
- What is a bear put spread on AMOM?
- A bear put spread on AMOM is the bear put spread strategy applied to AMOM (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 AMOM etf at $60.63 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed AMOM chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are AMOM 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 AMOM bear put spread priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 28.80%), the computed maximum profit is $170.00 per contract and the computed maximum loss is -$130.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a AMOM bear put spread?
- The breakeven for the AMOM bear put spread priced on this page is roughly $59.70 at expiration, derived from the August 14, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The AMOM market-implied 1-standard-deviation expected move in the same options snapshot is approximately 8.26%; 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 AMOM?
- Bear put spreads on AMOM reduce the cost of a bearish AMOM 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 AMOM implied volatility affect this bear put spread?
- AMOM ATM IV is at 28.80% with IV rank near 3.16%, 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.