IVES Long Put Strategy
IVES (Dan Ives Wedbush AI Revolution ETF), in the Financial Services sector, (Asset Management industry), listed on AMEX.
The Dan Ives Wedbush AI Revolution ETF (IVES) is structured to mirror the overall investment returns of the Solactive Wedbush Artificial Intelligence Index. Its objective is to replicate this performance before any fees and operational costs are factored in.
IVES (Dan Ives Wedbush AI Revolution ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $864.7M, a beta of 2.02 versus the broader market, a 52-week range of 26.37-41.93, average daily share volume of 616K, a public-listing history dating back to 2025. These structural characteristics shape how IVES etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 2.02 indicates IVES has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. IVES pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a long put on IVES?
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 IVES snapshot
As of June 30, 2026, spot at $38.10, ATM IV 32.70%, IV rank 30.49%, expected move 9.37%. The long put on IVES 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 IVES specifically: IVES IV at 32.70% is mid-range versus its 1-year history, so strategy selection should anchor more to the directional thesis than to the IV regime, with a market-implied 1-standard-deviation move of approximately 9.37% (roughly $3.57 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 IVES expiries trade a higher absolute premium for lower per-day decay. Position sizing on IVES should anchor to the underlying notional of $38.10 per share and to the trader's directional view on IVES etf.
IVES long put setup
The IVES 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 IVES near $38.10, the first option leg uses a $38.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed IVES 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 IVES shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $38.00 | $1.13 |
IVES long put risk and reward
- Net Premium / Debit
- -$112.50
- Max Profit (per contract)
- $3,686.50
- Max Loss (per contract)
- -$112.50
- Breakeven(s)
- $36.88
- Risk / Reward Ratio
- 32.769
Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium.
IVES long put payoff curve
Modeled P&L at expiration across a range of underlying prices for the long put on IVES. 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.
| Underlying Price | % From Spot | P&L at Expiration |
|---|---|---|
| $0.01 | -100.0% | +$3,686.50 |
| $8.43 | -77.9% | +$2,844.20 |
| $16.86 | -55.8% | +$2,001.90 |
| $25.28 | -33.7% | +$1,159.60 |
| $33.70 | -11.5% | +$317.29 |
| $42.13 | +10.6% | -$112.50 |
| $50.55 | +32.7% | -$112.50 |
| $58.97 | +54.8% | -$112.50 |
| $67.39 | +76.9% | -$112.50 |
| $75.82 | +99.0% | -$112.50 |
When traders use long put on IVES
Long puts on IVES hedge an existing long IVES etf position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying IVES exposure being hedged.
IVES thesis for this long put
The market-implied 1-standard-deviation range for IVES extends from approximately $34.53 on the downside to $41.67 on the upside. A IVES long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long IVES position with one put per 100 shares held. Current IVES IV rank near 30.49% is mid-range against its 1-year distribution, so the IV signal is neutral; the long put thesis on IVES should anchor more to the directional view and the expected-move geometry. As a Financial Services name, IVES options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to IVES-specific events.
IVES 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. IVES positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move IVES alongside the broader basket even when IVES-specific fundamentals are unchanged. Long-premium structures like a long put on IVES 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 IVES chain quotes before placing a trade.
Frequently asked questions
- What is a long put on IVES?
- A long put on IVES is the long put strategy applied to IVES (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 IVES etf trading near $38.10, the strikes shown on this page are snapped to the nearest listed IVES chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are IVES 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 IVES long put priced from the end-of-day chain at a 30-day expiry (ATM IV 32.70%), the computed maximum profit is $3,686.50 per contract and the computed maximum loss is -$112.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a IVES long put?
- The breakeven for the IVES long put priced on this page is roughly $36.88 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 IVES market-implied 1-standard-deviation expected move is approximately 9.37%; 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 IVES?
- Long puts on IVES hedge an existing long IVES etf position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying IVES exposure being hedged.
- How does current IVES implied volatility affect this long put?
- IVES ATM IV is at 32.70% with IV rank near 30.49%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.