How are AVDV 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 AVDV bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 19.30%), the computed maximum profit is $657.00 per contract and the computed maximum loss is -$343.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a AVDV bear put spread?

The breakeven for the AVDV bear put spread priced on this page is roughly $106.57 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 AVDV market-implied 1-standard-deviation expected move is approximately 5.53%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

AVDV ATM IV is at 19.30% with IV rank near 16.62%, 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.

AVDV Bear Put Spread Strategy

AVDV (Avantis International Small Cap Value ETF), in the Financial Services sector, (Asset Management industry), listed on AMEX.

Invests in a broad set of non-U.S. developed small-cap companies and is designed to increase expected returns by focusing on firms believed to be trading at low valuations with higher profitability ratios.Pursues the benefits associated with indexing (diversification, low turnover, transparency of exposures), but with the ability to add value by making investment decisions using information in current prices.Efficient portfolio management and trading process that is designed to enhance returns while seeking to reduce unnecessary risks and costs for investors.Built to fit seamlessly into an investor's asset allocation.

AVDV (Avantis International Small Cap Value ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $19.75B, a beta of 0.98 versus the broader market, a 52-week range of 74.3-110.469, average daily share volume of 823K, a public-listing history dating back to 2019. These structural characteristics shape how AVDV etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.98 places AVDV roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. AVDV 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 AVDV?

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 AVDV snapshot

As of May 15, 2026, spot at $107.84, ATM IV 19.30%, IV rank 16.62%, expected move 5.53%. The bear put spread on AVDV 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 34-day expiry.

Why this bear put spread structure on AVDV specifically: AVDV IV at 19.30% is on the cheap side of its 1-year range, which favors premium-buying structures like a AVDV bear put spread, with a market-implied 1-standard-deviation move of approximately 5.53% (roughly $5.97 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated AVDV expiries trade a higher absolute premium for lower per-day decay. Position sizing on AVDV should anchor to the underlying notional of $107.84 per share and to the trader's directional view on AVDV etf.

AVDV bear put spread setup

The AVDV 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 AVDV near $107.84, the first option leg uses a $110.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AVDV chain at a 34-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 AVDV shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Put	$110.00	$4.00
Sell 1	Put	$100.00	$0.57

AVDV bear put spread risk and reward

Net Premium / Debit: -$343.00
Max Profit (per contract): $657.00
Max Loss (per contract): -$343.00
Breakeven(s): $106.57
Risk / Reward Ratio: 1.915

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.

AVDV bear put spread payoff curve

Modeled P&L at expiration across a range of underlying prices for the bear put spread on AVDV. 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%	+$657.00
$23.85	-77.9%	+$657.00
$47.70	-55.8%	+$657.00
$71.54	-33.7%	+$657.00
$95.38	-11.6%	+$657.00
$119.22	+10.6%	-$343.00
$143.07	+32.7%	-$343.00
$166.91	+54.8%	-$343.00
$190.75	+76.9%	-$343.00
$214.60	+99.0%	-$343.00

When traders use bear put spread on AVDV

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

AVDV thesis for this bear put spread

The market-implied 1-standard-deviation range for AVDV extends from approximately $101.87 on the downside to $113.81 on the upside. A AVDV bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on AVDV, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current AVDV IV rank near 16.62% 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 AVDV at 19.30%. As a Financial Services name, AVDV options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AVDV-specific events.

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

Frequently asked questions

What is a bear put spread on AVDV?: A bear put spread on AVDV is the bear put spread strategy applied to AVDV (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 AVDV etf trading near $107.84, the strikes shown on this page are snapped to the nearest listed AVDV chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are AVDV 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 AVDV bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 19.30%), the computed maximum profit is $657.00 per contract and the computed maximum loss is -$343.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a AVDV bear put spread?: The breakeven for the AVDV bear put spread priced on this page is roughly $106.57 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 AVDV market-implied 1-standard-deviation expected move is approximately 5.53%; 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 AVDV?: Bear put spreads on AVDV reduce the cost of a bearish AVDV 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 AVDV implied volatility affect this bear put spread?: AVDV ATM IV is at 19.30% with IV rank near 16.62%, 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.