How are AMYY 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 AMYY bear put spread priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 80.50%), the computed maximum profit is $0.00 per contract and the computed maximum loss is $0.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a AMYY bear put spread?

The breakeven for the AMYY bear put spread priced on this page is no defined breakeven on the modeled curve 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 AMYY market-implied 1-standard-deviation expected move in the same options snapshot is approximately 23.08%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

AMYY ATM IV is at 80.50% with IV rank near 16.34%, 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.

AMYY Bear Put Spread Strategy

AMYY (GraniteShares YieldBOOST AMD ETF), in the Financial Services sector, (Asset Management - Leveraged industry), listed on NASDAQ.

This fund's primary goal is to generate income equivalent to 200% (twice) that derived from selling options tied to Advanced Micro Devices (AMD). It achieves this not by directly trading options on AMD itself, but by selling options on a specific, leveraged exchange-traded fund (referred to as the "Underlying Leveraged ETF"). This particular ETF is designed to deliver 200% (twice) the daily performance of AMD. A secondary objective of the fund is to gain exposure to the performance of this Underlying Leveraged ETF, though potential investment gains are subject to a predefined ceiling. Furthermore, the fund has the option to implement measures for downside protection, which, if utilized, could affect the overall net income generated.

AMYY (GraniteShares YieldBOOST AMD ETF) trades in the Financial Services sector, specifically Asset Management - Leveraged, with a market capitalization of approximately $9.3M, a beta of 1.18 versus the broader market, a 52-week range of 14.217-26.53, average daily share volume of 24K, a public-listing history dating back to 2025. These structural characteristics shape how AMYY etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.18 places AMYY roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. AMYY 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 AMYY?

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.

AMYY snapshot

As of August 14, 2026, spot at $14.48, ATM IV 80.50%, IV rank 16.34%, expected move 23.08%. The bear put spread on AMYY 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 AMYY specifically: AMYY IV at 80.50% is on the cheap side of its 1-year range, which favors premium-buying structures like a AMYY bear put spread, with a market-implied 1-standard-deviation move of approximately 23.08% (roughly $3.34 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 AMYY expiries trade a higher absolute premium for lower per-day decay. Position sizing on AMYY should anchor to the underlying notional of $14.48 per share and to the trader's directional view on AMYY etf.

AMYY bear put spread setup

The AMYY 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 AMYY at $14.48 on that close, the first option leg uses a $14.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AMYY 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 AMYY shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Put	$14.00	$1.24
Sell 1	Put	$14.00	$1.24

AMYY bear put spread risk and reward

Net Premium / Debit: $0.00
Max Profit (per contract): $0.00
Max Loss (per contract): $0.00
Breakeven(s): None on modeled curve
Risk / Reward Ratio: N/A

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.

AMYY bear put spread payoff curve

Modeled P&L at expiration across a range of underlying prices for the bear put spread on AMYY. 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	-99.9%	$0.00
$3.21	-77.8%	$0.00
$6.41	-55.7%	$0.00
$9.61	-33.6%	$0.00
$12.81	-11.5%	$0.00
$16.01	+10.6%	$0.00
$19.21	+32.7%	$0.00
$22.41	+54.8%	$0.00
$25.61	+76.9%	$0.00
$28.81	+99.0%	$0.00

When traders use bear put spread on AMYY

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

AMYY thesis for this bear put spread

The market-implied 1-standard-deviation range for AMYY extends from approximately $11.14 on the downside to $17.82 on the upside. A AMYY bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on AMYY, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current AMYY IV rank near 16.34% 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 AMYY at 80.50%. As a Financial Services name, AMYY options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AMYY-specific events.

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

Frequently asked questions

What is a bear put spread on AMYY?: A bear put spread on AMYY is the bear put spread strategy applied to AMYY (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 AMYY etf at $14.48 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed AMYY chain strike and the premiums come straight from that session's bid/ask midpoint.
How are AMYY 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 AMYY bear put spread priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 80.50%), the computed maximum profit is $0.00 per contract and the computed maximum loss is $0.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a AMYY bear put spread?: The breakeven for the AMYY bear put spread priced on this page is no defined breakeven on the modeled curve 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 AMYY market-implied 1-standard-deviation expected move in the same options snapshot is approximately 23.08%; 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 AMYY?: Bear put spreads on AMYY reduce the cost of a bearish AMYY 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 AMYY implied volatility affect this bear put spread?: AMYY ATM IV is at 80.50% with IV rank near 16.34%, 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.