How are AVSU long put max profit and max loss calculated?

Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium. For the AVSU long put priced from the end-of-day chain at a 30-day expiry (ATM IV 19.40%), the computed maximum profit is $8,679.00 per contract and the computed maximum loss is -$220.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a AVSU long put?

The breakeven for the AVSU long put priced on this page is roughly $86.80 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 AVSU market-implied 1-standard-deviation expected move is approximately 5.56%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current AVSU implied volatility affect this long put?

AVSU ATM IV is at 19.40% with IV rank near 6.53%, 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.

AVSU Long Put Strategy

AVSU (Avantis Responsible U.S. Equity ETF), in the Financial Services sector, (Asset Management industry), listed on AMEX.

This exchange-traded fund invests across a broad range of U.S. companies, encompassing all market capitalization sizes. Its strategy is designed to enhance anticipated returns by giving greater weight to securities identified as having attractive valuations and superior profitability metrics. A core aspect of its approach involves carefully screening out companies that present significant environmental, social, or governance (ESG) concerns, based on the team's comprehensive assessment. While aiming to capture the efficiencies typically associated with index funds, it distinguishes itself by adding value through proprietary evaluations that inform its investment decisions. The fund benefits from an efficient portfolio management and trading process, crafted to maximize returns while diligently managing risks and transaction costs. Ultimately, it is structured to integrate smoothly into an investor's broader asset allocation plan.

AVSU (Avantis Responsible U.S. Equity ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $463.7M, a beta of 1.10 versus the broader market, a 52-week range of 68.3-88.63, average daily share volume of 11K, a public-listing history dating back to 2022. These structural characteristics shape how AVSU etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.10 places AVSU roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. AVSU pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a long put on AVSU?

A long put buys downside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes below the strike minus premium at expiration.

Current AVSU snapshot

As of June 30, 2026, spot at $88.67, ATM IV 19.40%, IV rank 6.53%, expected move 5.56%. The long put on AVSU 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 52-day expiry.

Why this long put structure on AVSU specifically: AVSU IV at 19.40% is on the cheap side of its 1-year range, which favors premium-buying structures like a AVSU long put, with a market-implied 1-standard-deviation move of approximately 5.56% (roughly $4.93 on the underlying). The 52-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated AVSU expiries trade a higher absolute premium for lower per-day decay. Position sizing on AVSU should anchor to the underlying notional of $88.67 per share and to the trader's directional view on AVSU etf.

AVSU long put setup

The AVSU long put below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With AVSU near $88.67, the first option leg uses a $89.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AVSU chain at a 52-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 AVSU shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Put	$89.00	$2.20

AVSU long put risk and reward

Net Premium / Debit: -$220.00
Max Profit (per contract): $8,679.00
Max Loss (per contract): -$220.00
Breakeven(s): $86.80
Risk / Reward Ratio: 39.450

Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium.

AVSU long put payoff curve

Modeled P&L at expiration across a range of underlying prices for the long put on AVSU. 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%	+$8,679.00
$19.61	-77.9%	+$6,718.57
$39.22	-55.8%	+$4,758.14
$58.82	-33.7%	+$2,797.70
$78.43	-11.6%	+$837.27
$98.03	+10.6%	-$220.00
$117.64	+32.7%	-$220.00
$137.24	+54.8%	-$220.00
$156.84	+76.9%	-$220.00
$176.45	+99.0%	-$220.00

When traders use long put on AVSU

Long puts on AVSU hedge an existing long AVSU etf position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying AVSU exposure being hedged.

AVSU thesis for this long put

The market-implied 1-standard-deviation range for AVSU extends from approximately $83.74 on the downside to $93.60 on the upside. A AVSU long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long AVSU position with one put per 100 shares held. Current AVSU IV rank near 6.53% 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 AVSU at 19.40%. As a Financial Services name, AVSU options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AVSU-specific events.

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

Frequently asked questions

What is a long put on AVSU?: A long put on AVSU is the long put strategy applied to AVSU (etf). The strategy is structurally bearish: A long put buys downside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes below the strike minus premium at expiration. With AVSU etf trading near $88.67, the strikes shown on this page are snapped to the nearest listed AVSU chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are AVSU long put max profit and max loss calculated?: Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium. For the AVSU long put priced from the end-of-day chain at a 30-day expiry (ATM IV 19.40%), the computed maximum profit is $8,679.00 per contract and the computed maximum loss is -$220.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a AVSU long put?: The breakeven for the AVSU long put priced on this page is roughly $86.80 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 AVSU market-implied 1-standard-deviation expected move is approximately 5.56%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a long put on AVSU?: Long puts on AVSU hedge an existing long AVSU etf position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying AVSU exposure being hedged.
How does current AVSU implied volatility affect this long put?: AVSU ATM IV is at 19.40% with IV rank near 6.53%, 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.