How are HAUZ 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 HAUZ bear put spread priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 497.60%), the computed maximum profit is $61.00 per contract and the computed maximum loss is -$39.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a HAUZ bear put spread?

The breakeven for the HAUZ bear put spread priced on this page is roughly $22.61 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 HAUZ market-implied 1-standard-deviation expected move in the same options snapshot is approximately 142.66%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

HAUZ ATM IV is at 497.60% with IV rank near 100.00%, which is elevated relative to its 1-year range. Premium-selling structures (covered call, cash-secured put, iron condor) generally look more attractive when IV rank is high; premium-buying structures (long call, long put, debit spreads) are more expensive in that regime.

HAUZ Bear Put Spread Strategy

HAUZ (Xtrackers International Real Estate ETF), in the Financial Services sector, (Asset Management industry), listed on AMEX.

The Xtrackers International Real Estate ETF is designed to achieve investment returns that closely parallel the performance of the iSTOXX Developed and Emerging Markets ex USA PK VN Real Estate Index, prior to any deductions for fees and expenses.

HAUZ (Xtrackers International Real Estate ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $1.01B, a beta of 0.99 versus the broader market, a 52-week range of 21.84-25.73, average daily share volume of 100K, a public-listing history dating back to 2013. These structural characteristics shape how HAUZ etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.99 places HAUZ roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. HAUZ pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a bear put spread on HAUZ?

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.

HAUZ snapshot

As of August 14, 2026, spot at $22.90, ATM IV 497.60%, IV rank 100.00%, expected move 142.66%. The bear put spread on HAUZ 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 HAUZ specifically: HAUZ IV at 497.60% is rich versus its 1-year range, which makes a premium-buying HAUZ bear put spread relatively expensive in absolute-cost terms, with a market-implied 1-standard-deviation move of approximately 142.66% (roughly $32.67 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 HAUZ expiries trade a higher absolute premium for lower per-day decay. Position sizing on HAUZ should anchor to the underlying notional of $22.90 per share and to the trader's directional view on HAUZ etf.

HAUZ bear put spread setup

The HAUZ 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 HAUZ at $22.90 on that close, the first option leg uses a $23.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed HAUZ 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 HAUZ shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Put	$23.00	$0.96
Sell 1	Put	$22.00	$0.57

HAUZ bear put spread risk and reward

Net Premium / Debit: -$39.00
Max Profit (per contract): $61.00
Max Loss (per contract): -$39.00
Breakeven(s): $22.61
Risk / Reward Ratio: 1.564

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.

HAUZ bear put spread payoff curve

Modeled P&L at expiration across a range of underlying prices for the bear put spread on HAUZ. 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%	+$61.00
$5.07	-77.9%	+$61.00
$10.13	-55.7%	+$61.00
$15.20	-33.6%	+$61.00
$20.26	-11.5%	+$61.00
$25.32	+10.6%	-$39.00
$30.38	+32.7%	-$39.00
$35.45	+54.8%	-$39.00
$40.51	+76.9%	-$39.00
$45.57	+99.0%	-$39.00

When traders use bear put spread on HAUZ

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

HAUZ thesis for this bear put spread

The market-implied 1-standard-deviation range for HAUZ extends from approximately $-9.77 on the downside to $55.57 on the upside. A HAUZ bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on HAUZ, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current HAUZ IV rank near 100.00% sits in the upper third of its 1-year distribution, which historically reverts; this raises the bar for premium-buying structures and lowers it for premium-selling structures on HAUZ at 497.60%. As a Financial Services name, HAUZ options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to HAUZ-specific events.

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

Frequently asked questions

What is a bear put spread on HAUZ?: A bear put spread on HAUZ is the bear put spread strategy applied to HAUZ (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 HAUZ etf at $22.90 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed HAUZ chain strike and the premiums come straight from that session's bid/ask midpoint.
How are HAUZ 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 HAUZ bear put spread priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 497.60%), the computed maximum profit is $61.00 per contract and the computed maximum loss is -$39.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a HAUZ bear put spread?: The breakeven for the HAUZ bear put spread priced on this page is roughly $22.61 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 HAUZ market-implied 1-standard-deviation expected move in the same options snapshot is approximately 142.66%; 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 HAUZ?: Bear put spreads on HAUZ reduce the cost of a bearish HAUZ 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 HAUZ implied volatility affect this bear put spread?: HAUZ ATM IV is at 497.60% with IV rank near 100.00%, which is elevated relative to its 1-year range. Premium-selling structures (covered call, cash-secured put, iron condor) generally look more attractive when IV rank is high; premium-buying structures (long call, long put, debit spreads) are more expensive in that regime.