How are GEVG 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 GEVG long put priced from the end-of-day chain at a 30-day expiry (ATM IV 113.10%), the computed maximum profit is $3,246.50 per contract and the computed maximum loss is -$352.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a GEVG long put?

The breakeven for the GEVG long put priced on this page is roughly $32.48 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 GEVG market-implied 1-standard-deviation expected move is approximately 32.42%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current GEVG implied volatility affect this long put?

Current GEVG ATM IV is 113.10%; IV rank context is unavailable in the current snapshot.

GEVG Long Put Strategy

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

The Leverage Shares 2x Long GEV Daily ETF, trading under the ticker GEVG, is an exchange-traded fund specifically structured for active market participants. This product is designed to provide double (200%) the daily return of the GEV stock, before accounting for any associated fees and operational costs. It is tailored for those seeking to significantly amplify their short-term trading results, betting on a bullish movement.

GEVG (Leverage Shares 2x Long GEV Daily ETF) trades in the Financial Services sector, specifically Asset Management - Leveraged, with a market capitalization of approximately $12.9M, a beta of 1.62 versus the broader market, a 52-week range of 12.07-39.74, average daily share volume of 71K, a public-listing history dating back to 2025. These structural characteristics shape how GEVG etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.62 indicates GEVG 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 long put on GEVG?

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 GEVG snapshot

As of June 30, 2026, spot at $36.16, ATM IV 113.10%, expected move 32.42%. The long put on GEVG 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 long put structure on GEVG specifically: IV rank is unavailable in the current snapshot, so regime-based timing for GEVG is inferred from ATM IV at 113.10% alone, with a market-implied 1-standard-deviation move of approximately 32.42% (roughly $11.72 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 GEVG expiries trade a higher absolute premium for lower per-day decay. Position sizing on GEVG should anchor to the underlying notional of $36.16 per share and to the trader's directional view on GEVG etf.

GEVG long put setup

The GEVG 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 GEVG near $36.16, the first option leg uses a $36.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed GEVG 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 GEVG shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Put	$36.00	$3.53

GEVG long put risk and reward

Net Premium / Debit: -$352.50
Max Profit (per contract): $3,246.50
Max Loss (per contract): -$352.50
Breakeven(s): $32.48
Risk / Reward Ratio: 9.210

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

GEVG long put payoff curve

Modeled P&L at expiration across a range of underlying prices for the long put on GEVG. 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%	+$3,246.50
$8.00	-77.9%	+$2,447.09
$16.00	-55.8%	+$1,647.69
$23.99	-33.6%	+$848.28
$31.99	-11.5%	+$48.87
$39.98	+10.6%	-$352.50
$47.97	+32.7%	-$352.50
$55.97	+54.8%	-$352.50
$63.96	+76.9%	-$352.50
$71.96	+99.0%	-$352.50

When traders use long put on GEVG

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

GEVG thesis for this long put

The market-implied 1-standard-deviation range for GEVG extends from approximately $24.44 on the downside to $47.88 on the upside. A GEVG long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long GEVG position with one put per 100 shares held. As a Financial Services name, GEVG options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to GEVG-specific events.

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

Frequently asked questions

What is a long put on GEVG?: A long put on GEVG is the long put strategy applied to GEVG (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 GEVG etf trading near $36.16, the strikes shown on this page are snapped to the nearest listed GEVG chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are GEVG 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 GEVG long put priced from the end-of-day chain at a 30-day expiry (ATM IV 113.10%), the computed maximum profit is $3,246.50 per contract and the computed maximum loss is -$352.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a GEVG long put?: The breakeven for the GEVG long put priced on this page is roughly $32.48 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 GEVG market-implied 1-standard-deviation expected move is approximately 32.42%; 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 GEVG?: Long puts on GEVG hedge an existing long GEVG etf position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying GEVG exposure being hedged.
How does current GEVG implied volatility affect this long put?: Current GEVG ATM IV is 113.10%; IV rank context is unavailable in the current snapshot.