How are DGRS 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 DGRS long put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 14.90%), the computed maximum profit is $5,991.50 per contract and the computed maximum loss is -$107.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a DGRS long put?

The breakeven for the DGRS long put priced on this page is roughly $59.93 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 DGRS market-implied 1-standard-deviation expected move in the same options snapshot is approximately 4.27%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current DGRS implied volatility affect this long put?

DGRS ATM IV is at 14.90% with IV rank near 1.23%, 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.

DGRS Long Put Strategy

DGRS (WisdomTree U.S. SmallCap Quality Dividend Growth Fund), in the Financial Services sector, (Asset Management - Income industry), listed on NASDAQ.

The underlying index is designed using a fundamental weighting methodology, concentrating on U.S. small-capitalization common stocks that both distribute dividends and demonstrate significant growth characteristics. Typically, the fund commits a minimum of 80% of its total assets (excluding collateral derived from securities lending) to either the direct holdings of this index or to other investments possessing substantially equivalent economic profiles. This fund is structured as a non-diversified investment vehicle.

DGRS (WisdomTree U.S. SmallCap Quality Dividend Growth Fund) trades in the Financial Services sector, specifically Asset Management - Income, with a market capitalization of approximately $409.7M, a beta of 0.98 versus the broader market, a 52-week range of 46.21-61.89, average daily share volume of 32K, a public-listing history dating back to 2013. These structural characteristics shape how DGRS etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.98 places DGRS roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. DGRS pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a long put on DGRS?

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.

DGRS snapshot

As of August 14, 2026, spot at $61.63, ATM IV 14.90%, IV rank 1.23%, expected move 4.27%. The long put on DGRS 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 DGRS specifically: DGRS IV at 14.90% is on the cheap side of its 1-year range, which favors premium-buying structures like a DGRS long put, with a market-implied 1-standard-deviation move of approximately 4.27% (roughly $2.63 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 DGRS expiries trade a higher absolute premium for lower per-day decay. Position sizing on DGRS should anchor to the underlying notional of $61.63 per share and to the trader's directional view on DGRS etf.

DGRS long put setup

The DGRS 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 DGRS at $61.63 on that close, the first option leg uses a $61.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed DGRS 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 DGRS shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Put	$61.00	$1.08

DGRS long put risk and reward

Net Premium / Debit: -$107.50
Max Profit (per contract): $5,991.50
Max Loss (per contract): -$107.50
Breakeven(s): $59.93
Risk / Reward Ratio: 55.735

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

DGRS long put payoff curve

Modeled P&L at expiration across a range of underlying prices for the long put on DGRS. 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%	+$5,991.50
$13.64	-77.9%	+$4,628.94
$27.26	-55.8%	+$3,266.37
$40.89	-33.7%	+$1,903.81
$54.51	-11.5%	+$541.25
$68.14	+10.6%	-$107.50
$81.76	+32.7%	-$107.50
$95.39	+54.8%	-$107.50
$109.02	+76.9%	-$107.50
$122.64	+99.0%	-$107.50

When traders use long put on DGRS

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

DGRS thesis for this long put

The market-implied 1-standard-deviation range for DGRS extends from approximately $59.00 on the downside to $64.26 on the upside. A DGRS long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long DGRS position with one put per 100 shares held. Current DGRS IV rank near 1.23% 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 DGRS at 14.90%. As a Financial Services name, DGRS options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to DGRS-specific events.

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

Frequently asked questions

What is a long put on DGRS?: A long put on DGRS is the long put strategy applied to DGRS (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 DGRS etf at $61.63 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed DGRS chain strike and the premiums come straight from that session's bid/ask midpoint.
How are DGRS 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 DGRS long put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 14.90%), the computed maximum profit is $5,991.50 per contract and the computed maximum loss is -$107.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a DGRS long put?: The breakeven for the DGRS long put priced on this page is roughly $59.93 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 DGRS market-implied 1-standard-deviation expected move in the same options snapshot is approximately 4.27%; 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 DGRS?: Long puts on DGRS hedge an existing long DGRS etf position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying DGRS exposure being hedged.
How does current DGRS implied volatility affect this long put?: DGRS ATM IV is at 14.90% with IV rank near 1.23%, 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.