How are DUOG 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 DUOG bear put spread priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 104.50%), the computed maximum profit is $125.00 per contract and the computed maximum loss is -$75.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a DUOG bear put spread?

The breakeven for the DUOG bear put spread priced on this page is roughly $48.25 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 DUOG market-implied 1-standard-deviation expected move in the same options snapshot is approximately 29.96%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

DUOG ATM IV is at 104.50% with IV rank near 16.29%, 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.

DUOG Bear Put Spread Strategy

DUOG (Leverage Shares 2x Long DUOL Daily ETF), in the Financial Services sector, (Asset Management - Leveraged industry), listed on NASDAQ.

The Leverage Shares 2x Long DUOL Daily ETF, identified by the ticker DUOG, provides investors with double-leveraged, bullish exposure to the daily performance of DUOL stock. This particular exchange-traded fund is tailored for active market participants aiming to significantly amplify their short-term financial gains. Its objective is to mirror two hundred percent (200%) of DUOL's daily price movements, factoring in its operating costs and associated charges.

DUOG (Leverage Shares 2x Long DUOL Daily ETF) trades in the Financial Services sector, specifically Asset Management - Leveraged, with a market capitalization of approximately $1.04B, a beta of 1.93 versus the broader market, a 52-week range of 25.15-159.8, average daily share volume of 21K, a public-listing history dating back to 2025. These structural characteristics shape how DUOG etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.93 indicates DUOG has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position.

What is a bear put spread on DUOG?

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.

DUOG snapshot

As of August 14, 2026, spot at $49.05, ATM IV 104.50%, IV rank 16.29%, expected move 29.96%. The bear put spread on DUOG 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 bear put spread structure on DUOG specifically: DUOG IV at 104.50% is on the cheap side of its 1-year range, which favors premium-buying structures like a DUOG bear put spread, with a market-implied 1-standard-deviation move of approximately 29.96% (roughly $14.69 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 DUOG expiries trade a higher absolute premium for lower per-day decay. Position sizing on DUOG should anchor to the underlying notional of $49.05 per share and to the trader's directional view on DUOG etf.

DUOG bear put spread setup

The DUOG bear put spread 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 DUOG at $49.05 on that close, the first option leg uses a $49.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed DUOG 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 DUOG shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Put	$49.00	$6.20
Sell 1	Put	$47.00	$5.45

DUOG bear put spread risk and reward

Net Premium / Debit: -$75.00
Max Profit (per contract): $125.00
Max Loss (per contract): -$75.00
Breakeven(s): $48.25
Risk / Reward Ratio: 1.667

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.

DUOG bear put spread payoff curve

Modeled P&L at expiration across a range of underlying prices for the bear put spread on DUOG. 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%	+$125.00
$10.85	-77.9%	+$125.00
$21.70	-55.8%	+$125.00
$32.54	-33.7%	+$125.00
$43.39	-11.5%	+$125.00
$54.23	+10.6%	-$75.00
$65.07	+32.7%	-$75.00
$75.92	+54.8%	-$75.00
$86.76	+76.9%	-$75.00
$97.61	+99.0%	-$75.00

When traders use bear put spread on DUOG

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

DUOG thesis for this bear put spread

The market-implied 1-standard-deviation range for DUOG extends from approximately $34.36 on the downside to $63.74 on the upside. A DUOG bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on DUOG, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current DUOG IV rank near 16.29% 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 DUOG at 104.50%. As a Financial Services name, DUOG options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to DUOG-specific events.

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

Frequently asked questions

What is a bear put spread on DUOG?: A bear put spread on DUOG is the bear put spread strategy applied to DUOG (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 DUOG etf at $49.05 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed DUOG chain strike and the premiums come straight from that session's bid/ask midpoint.
How are DUOG 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 DUOG bear put spread priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 104.50%), the computed maximum profit is $125.00 per contract and the computed maximum loss is -$75.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a DUOG bear put spread?: The breakeven for the DUOG bear put spread priced on this page is roughly $48.25 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 DUOG market-implied 1-standard-deviation expected move in the same options snapshot is approximately 29.96%; 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 DUOG?: Bear put spreads on DUOG reduce the cost of a bearish DUOG 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 DUOG implied volatility affect this bear put spread?: DUOG ATM IV is at 104.50% with IV rank near 16.29%, 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.