How are GXPT straddle max profit and max loss calculated?

Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit. For the GXPT straddle priced from the September 29, 2026 end-of-day chain at a 30-day expiry (ATM IV 33.00%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$188.90 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a GXPT straddle?

The breakeven for the GXPT straddle priced on this page is roughly $32.97 and $37.03 at expiration, derived from the September 29, 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 GXPT market-implied 1-standard-deviation expected move in the same options snapshot is approximately 9.46%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current GXPT implied volatility affect this straddle?

Current GXPT ATM IV is 33.00%; IV rank context is unavailable in the current snapshot.

GXPT Straddle Strategy

GXPT (Global X Funds - Global X PureCap MSCI Information Technology ETF), in the Financial Services sector, (Asset Management industry), listed on AMEX.

GXPT offers concentrated exposure to the US Information Technology industry. The underlying index selects companies from the MSCI USA Index that are involved in the Information Technology sector, as defined by GICS. The fund comprises firms that: i) offer software and information technology services, ii) manufacture and distribute technology hardware and equipment, such as communications equipment, cellular phones, computers and peripherals, electronic equipment, and related instruments, and iii) semiconductors and related equipment and materials. The fund may also invest in ETFs that track the performance of Information Technology companies or firms with a similar investment profile as the index constituents. Selected securities are weighted based purely on market capitalization, without maximum weight constraints. The index rebalances and reconstitutes on a quarterly basis.

GXPT (Global X Funds - Global X PureCap MSCI Information Technology ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $144.3M, a beta of 1.81 versus the broader market, a 52-week range of 23.64-35.53, average daily share volume of 143K, a public-listing history dating back to 2025. These structural characteristics shape how GXPT etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.81 indicates GXPT has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. GXPT pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a straddle on GXPT?

A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration.

GXPT snapshot

As of September 29, 2026, spot at $35.03, ATM IV 33.00%, expected move 9.46%. The straddle on GXPT below is built from the September 29, 2026 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 straddle structure on GXPT specifically: IV rank is unavailable in the current snapshot, so regime-based timing for GXPT is inferred from ATM IV at 33.00% alone, with a market-implied 1-standard-deviation move of approximately 9.46% (roughly $3.31 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 GXPT expiries trade a higher absolute premium for lower per-day decay. Position sizing on GXPT should anchor to the underlying notional of $35.03 per share and to the trader's directional view on GXPT etf.

GXPT straddle setup

The GXPT straddle below is built from the September 29, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With GXPT at $35.03 on that close, the first option leg uses a $35.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed GXPT 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 GXPT shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Call	$35.00	$1.06
Buy 1	Put	$35.00	$0.97

GXPT straddle risk and reward

Net Premium / Debit: -$203.00
Max Profit (per contract): Unbounded
Max Loss (per contract): -$188.90
Breakeven(s): $32.97, $37.03
Risk / Reward Ratio: Unbounded

Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit.

GXPT straddle payoff curve

Modeled P&L at expiration across a range of underlying prices for the straddle on GXPT. 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%	+$3,296.00
$7.75	-77.9%	+$2,521.58
$15.50	-55.8%	+$1,747.16
$23.24	-33.6%	+$972.73
$30.99	-11.5%	+$198.31
$38.73	+10.6%	+$170.11
$46.48	+32.7%	+$944.53
$54.22	+54.8%	+$1,718.95
$61.96	+76.9%	+$2,493.38
$69.71	+99.0%	+$3,267.80

When traders use straddle on GXPT

Straddles on GXPT are pure-volatility plays that profit from large moves in either direction; traders typically buy GXPT straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.

GXPT thesis for this straddle

The market-implied 1-standard-deviation range for GXPT extends from approximately $31.72 on the downside to $38.34 on the upside. A GXPT long straddle is a pure-volatility play: it profits when the underlying moves far enough from the strike in either direction to overcome the combined call plus put debit, regardless of direction. As a Financial Services name, GXPT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to GXPT-specific events.

GXPT straddle positions are structurally neutral / high-volatility (long premium); 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. GXPT positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move GXPT alongside the broader basket even when GXPT-specific fundamentals are unchanged. Always rebuild the position from current GXPT chain quotes before placing a trade.

Frequently asked questions

What is a straddle on GXPT?: A straddle on GXPT is the straddle strategy applied to GXPT (etf). The strategy is structurally neutral / high-volatility (long premium): A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration. With GXPT etf at $35.03 on the September 29, 2026 close, the strikes shown on this page are snapped to the nearest listed GXPT chain strike and the premiums come straight from that session's bid/ask midpoint.
How are GXPT straddle max profit and max loss calculated?: Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit. For the GXPT straddle priced from the September 29, 2026 end-of-day chain at a 30-day expiry (ATM IV 33.00%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$188.90 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a GXPT straddle?: The breakeven for the GXPT straddle priced on this page is roughly $32.97 and $37.03 at expiration, derived from the September 29, 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 GXPT market-implied 1-standard-deviation expected move in the same options snapshot is approximately 9.46%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a straddle on GXPT?: Straddles on GXPT are pure-volatility plays that profit from large moves in either direction; traders typically buy GXPT straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.
How does current GXPT implied volatility affect this straddle?: Current GXPT ATM IV is 33.00%; IV rank context is unavailable in the current snapshot.