How are AVGV 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 AVGV bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 17.90%), the computed maximum profit is $273.00 per contract and the computed maximum loss is -$127.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a AVGV bear put spread?

The breakeven for the AVGV bear put spread priced on this page is roughly $81.73 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 AVGV market-implied 1-standard-deviation expected move is approximately 5.13%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

AVGV ATM IV is at 17.90% with IV rank near 20.95%, 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.

AVGV Bear Put Spread Strategy

AVGV (Avantis All Equity Markets Value ETF 9), in the Financial Services sector, (Asset Management industry), listed on AMEX.

Designed to provide exposure to a broadly diversified set of companies, sectors and countries while focusing on securities we believe have higher expected returns*–companies trading at lower valuations with higher profitability ratios. The strategy pursues its objective through investing in a series of other Avantis exchange-traded funds (ETFs).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 transaction costs for investors.This strategy is built to provide an investor with an effective total-market value allocation.

AVGV (Avantis All Equity Markets Value ETF 9) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $319.0M, a beta of 0.81 versus the broader market, a 52-week range of 61.8-84.42, average daily share volume of 30K, a public-listing history dating back to 2023. These structural characteristics shape how AVGV etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.81 places AVGV roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. AVGV 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 AVGV?

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 AVGV snapshot

As of May 15, 2026, spot at $83.17, ATM IV 17.90%, IV rank 20.95%, expected move 5.13%. The bear put spread on AVGV 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 AVGV specifically: AVGV IV at 17.90% is on the cheap side of its 1-year range, which favors premium-buying structures like a AVGV bear put spread, with a market-implied 1-standard-deviation move of approximately 5.13% (roughly $4.27 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 AVGV expiries trade a higher absolute premium for lower per-day decay. Position sizing on AVGV should anchor to the underlying notional of $83.17 per share and to the trader's directional view on AVGV etf.

AVGV bear put spread setup

The AVGV 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 AVGV near $83.17, the first option leg uses a $83.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AVGV 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 AVGV shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Put	$83.00	$1.70
Sell 1	Put	$79.00	$0.43

AVGV bear put spread risk and reward

Net Premium / Debit: -$127.00
Max Profit (per contract): $273.00
Max Loss (per contract): -$127.00
Breakeven(s): $81.73
Risk / Reward Ratio: 2.150

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.

AVGV bear put spread payoff curve

Modeled P&L at expiration across a range of underlying prices for the bear put spread on AVGV. 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%	+$273.00
$18.40	-77.9%	+$273.00
$36.79	-55.8%	+$273.00
$55.17	-33.7%	+$273.00
$73.56	-11.6%	+$273.00
$91.95	+10.6%	-$127.00
$110.34	+32.7%	-$127.00
$128.73	+54.8%	-$127.00
$147.12	+76.9%	-$127.00
$165.50	+99.0%	-$127.00

When traders use bear put spread on AVGV

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

AVGV thesis for this bear put spread

The market-implied 1-standard-deviation range for AVGV extends from approximately $78.90 on the downside to $87.44 on the upside. A AVGV bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on AVGV, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current AVGV IV rank near 20.95% 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 AVGV at 17.90%. As a Financial Services name, AVGV options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AVGV-specific events.

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

Frequently asked questions

What is a bear put spread on AVGV?: A bear put spread on AVGV is the bear put spread strategy applied to AVGV (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 AVGV etf trading near $83.17, the strikes shown on this page are snapped to the nearest listed AVGV chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are AVGV 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 AVGV bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 17.90%), the computed maximum profit is $273.00 per contract and the computed maximum loss is -$127.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a AVGV bear put spread?: The breakeven for the AVGV bear put spread priced on this page is roughly $81.73 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 AVGV market-implied 1-standard-deviation expected move is approximately 5.13%; 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 AVGV?: Bear put spreads on AVGV reduce the cost of a bearish AVGV 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 AVGV implied volatility affect this bear put spread?: AVGV ATM IV is at 17.90% with IV rank near 20.95%, 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.