CTEC Bear Put Spread Strategy
CTEC (Global X - CleanTech ETF), in the Financial Services sector, (Asset Management - Global industry), listed on NASDAQ.
The Global X CleanTech ETF, known by its ticker CTEC, endeavors to replicate the overall price and dividend performance, net of applicable fees and operational costs, of the Indxx Global CleanTech Index.
CTEC (Global X - CleanTech ETF) trades in the Financial Services sector, specifically Asset Management - Global, with a market capitalization of approximately $27.0M, a beta of 1.95 versus the broader market, a 52-week range of 35.235-83.01, average daily share volume of 4K, a public-listing history dating back to 2020. These structural characteristics shape how CTEC etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.95 indicates CTEC has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. CTEC 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 CTEC?
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 CTEC snapshot
As of June 30, 2026, spot at $64.69, ATM IV 47.30%, IV rank 12.01%, expected move 13.56%. The bear put spread on CTEC 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 17-day expiry.
Why this bear put spread structure on CTEC specifically: CTEC IV at 47.30% is on the cheap side of its 1-year range, which favors premium-buying structures like a CTEC bear put spread, with a market-implied 1-standard-deviation move of approximately 13.56% (roughly $8.77 on the underlying). The 17-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated CTEC expiries trade a higher absolute premium for lower per-day decay. Position sizing on CTEC should anchor to the underlying notional of $64.69 per share and to the trader's directional view on CTEC etf.
CTEC bear put spread setup
The CTEC 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 CTEC near $64.69, the first option leg uses a $65.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed CTEC chain at a 17-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 CTEC shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $65.00 | $2.65 |
| Sell 1 | Put | $61.00 | $1.10 |
CTEC bear put spread risk and reward
- Net Premium / Debit
- -$155.00
- Max Profit (per contract)
- $245.00
- Max Loss (per contract)
- -$155.00
- Breakeven(s)
- $63.45
- Risk / Reward Ratio
- 1.581
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.
CTEC bear put spread payoff curve
Modeled P&L at expiration across a range of underlying prices for the bear put spread on CTEC. 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% | +$245.00 |
| $14.31 | -77.9% | +$245.00 |
| $28.61 | -55.8% | +$245.00 |
| $42.92 | -33.7% | +$245.00 |
| $57.22 | -11.5% | +$245.00 |
| $71.52 | +10.6% | -$155.00 |
| $85.82 | +32.7% | -$155.00 |
| $100.13 | +54.8% | -$155.00 |
| $114.43 | +76.9% | -$155.00 |
| $128.73 | +99.0% | -$155.00 |
When traders use bear put spread on CTEC
Bear put spreads on CTEC reduce the cost of a bearish CTEC etf position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.
CTEC thesis for this bear put spread
The market-implied 1-standard-deviation range for CTEC extends from approximately $55.92 on the downside to $73.46 on the upside. A CTEC bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on CTEC, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current CTEC IV rank near 12.01% 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 CTEC at 47.30%. As a Financial Services name, CTEC options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to CTEC-specific events.
CTEC 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. CTEC positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move CTEC alongside the broader basket even when CTEC-specific fundamentals are unchanged. Long-premium structures like a bear put spread on CTEC 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 CTEC chain quotes before placing a trade.
Frequently asked questions
- What is a bear put spread on CTEC?
- A bear put spread on CTEC is the bear put spread strategy applied to CTEC (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 CTEC etf trading near $64.69, the strikes shown on this page are snapped to the nearest listed CTEC chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are CTEC 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 CTEC bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 47.30%), the computed maximum profit is $245.00 per contract and the computed maximum loss is -$155.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a CTEC bear put spread?
- The breakeven for the CTEC bear put spread priced on this page is roughly $63.45 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 CTEC market-implied 1-standard-deviation expected move is approximately 13.56%; 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 CTEC?
- Bear put spreads on CTEC reduce the cost of a bearish CTEC 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 CTEC implied volatility affect this bear put spread?
- CTEC ATM IV is at 47.30% with IV rank near 12.01%, 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.