AXTU Long Put Strategy
AXTU (T-REX 2X Long SOL Daily Target ETF), in the Financial Services sector, (Asset Management industry), listed on CBOE.
ETF Opportunities Trust - T-REX 2X Long SOL Daily Target ETF is an exchange traded fund launched by ETF Opportunities Trust. The fund is managed by Tuttle Capital Management, LLC. The fund invests in the currency markets. The fund invests directly and through derivatives in SOL. It uses derivatives such as options and swaps to create its portfolio. ETF Opportunities Trust - T-REX 2X Long SOL Daily Target ETF is domiciled was formed on December 2, 2025 and in the United States.
AXTU (T-REX 2X Long SOL Daily Target ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $2.6M, a beta of -3.43 versus the broader market, a 52-week range of 7.6-33.565, average daily share volume of 9K, a public-listing history dating back to 2025. These structural characteristics shape how AXTU etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of -3.43 indicates AXTU has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure.
What is a long put on AXTU?
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.
AXTU snapshot
As of August 14, 2026, spot at $6.47, ATM IV 364.50%, expected move 104.50%. The long put on AXTU 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 long put structure on AXTU specifically: IV rank is unavailable in the current snapshot, so regime-based timing for AXTU is inferred from ATM IV at 364.50% alone, with a market-implied 1-standard-deviation move of approximately 104.50% (roughly $6.76 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 AXTU expiries trade a higher absolute premium for lower per-day decay. Position sizing on AXTU should anchor to the underlying notional of $6.47 per share and to the trader's directional view on AXTU etf.
AXTU long put setup
The AXTU long put 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 AXTU at $6.47 on that close, the first option leg uses a $6.47 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AXTU 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 AXTU shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $6.47 | N/A |
AXTU long put risk and reward
- Net Premium / Debit
- N/A
- Max Profit (per contract)
- Unbounded
- Max Loss (per contract)
- Unbounded
- Breakeven(s)
- None on modeled curve
- Risk / Reward Ratio
- N/A
Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium.
AXTU long put payoff curve
Modeled P&L at expiration across a range of underlying prices for the long put on AXTU. 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.
When traders use long put on AXTU
Long puts on AXTU hedge an existing long AXTU etf position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying AXTU exposure being hedged.
AXTU thesis for this long put
The market-implied 1-standard-deviation range for AXTU extends from approximately $-0.29 on the downside to $13.23 on the upside. A AXTU long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long AXTU position with one put per 100 shares held. As a Financial Services name, AXTU options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AXTU-specific events.
AXTU 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. AXTU positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move AXTU alongside the broader basket even when AXTU-specific fundamentals are unchanged. Long-premium structures like a long put on AXTU 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 AXTU chain quotes before placing a trade.
Frequently asked questions
- What is a long put on AXTU?
- A long put on AXTU is the long put strategy applied to AXTU (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 AXTU etf at $6.47 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed AXTU chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are AXTU 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 AXTU long put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 364.50%), the computed maximum profit is unbounded per contract and the computed maximum loss is unbounded per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a AXTU long put?
- The breakeven for the AXTU long put 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 AXTU market-implied 1-standard-deviation expected move in the same options snapshot is approximately 104.50%; 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 AXTU?
- Long puts on AXTU hedge an existing long AXTU etf position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying AXTU exposure being hedged.
- How does current AXTU implied volatility affect this long put?
- Current AXTU ATM IV is 364.50%; IV rank context is unavailable in the current snapshot.