GPT P&L Curve
Intelligent Alpha Atlas ETF (GPT) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $24.4M, listed on NASDAQ, employing roughly 488 people, carrying a beta of 0.81 to the broader market. The fund uses Intelligent Alpha, LLC’s proprietary artificial intelligence-powered stock selection strategy to create an intelligent equal weight portfolio of global large cap stocks with over $1 billion in market capitalization. Led by Bob Johnston, public since 2024-09-18.
A profit/loss curve charts the theoretical gain or loss of an options position across a range of underlying prices. It helps traders visualize risk, identify breakeven points, and compare strategies before committing capital.
- Exchange
- NASDAQ
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $24.4M
- Employees
- 488
- IPO Date
- 2024-09-18
- CEO
- Bob Johnston
- Beta
- 0.81
As of Sep 30, 2026, with a $34.45 spot price, 78.4% ATM implied volatility, and 16 days to the front expiration, an at-the-money long straddle carries an approximate combined premium near $4.52, producing breakevens at roughly $29.93 and $38.97. Market-implied 1-standard-deviation range extends from $26.71 to $42.19, which sets the relevant P&L evaluation window for most near-term strategies. Payoff diagrams should be rebuilt from the live options chain; the preceding values are illustrative and assume a single at-the-money straddle for reference.
Frequently asked GPT pl curve questions
- What does a GPT ATM straddle cost?
- As of Sep 30, 2026, using GPT end-of-day pricing (78.4% ATM IV, 16-day front expiration, $34.45 spot), an at-the-money long straddle (long call + long put at the same strike) carries an approximate combined premium near $4.52 per spread. Breakevens land at roughly $38.97 on the upside and $29.93 on the downside. The estimate uses the Brenner-Subrahmanyam approximation for at-the-money options under Black-Scholes.
- How do I read an options P&L curve?
- An options P&L curve plots theoretical position value at expiration (or at any chosen evaluation date) against the underlying price. The X-axis is the underlying price scenario, the Y-axis is position dollar P&L. The shape of the curve tells you the strategy's directional sensitivity, breakeven points, maximum profit and loss levels, and where time decay or volatility shifts will be most impactful. Multi-leg structures combine the curves of the individual legs to produce composite payoff diagrams.
- What's the difference between a P&L curve and a payoff diagram?
- Strictly: a payoff diagram shows option value at expiration (no time premium left), while a P&L curve typically shows position value at any evaluation date (with remaining time premium). The expiration payoff diagram has kinks at the strikes; the early P&L curve is smooth. For directional-vega trades, the early P&L curve also responds to IV shifts that the expiration payoff diagram does not capture - which is why options traders often look at both views.
- Why are illustrative GPT P&L numbers approximate?
- The numbers above use Black-Scholes assumptions (lognormal returns, constant volatility, no early exercise, no dividends). Real-world option prices reflect skew, term structure, jump risk, and (for US-style options) early exercise premium. Use the live options chain for actual quoted bid/ask prices when sizing trades; the values here illustrate magnitude only.