How are KOMP 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 KOMP long put priced from the end-of-day chain at a 30-day expiry (ATM IV 26.70%), the computed maximum profit is $6,449.00 per contract and the computed maximum loss is -$350.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a KOMP long put?

The breakeven for the KOMP long put priced on this page is roughly $64.50 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 KOMP market-implied 1-standard-deviation expected move is approximately 7.65%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current KOMP implied volatility affect this long put?

KOMP ATM IV is at 26.70% with IV rank near 5.63%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.

KOMP Long Put Strategy

KOMP (State Street SPDR S&P Kensho New Economies Composite ETF), in the Financial Services sector, (Asset Management industry), listed on AMEX.

The State Street SPDR S&P Kensho New Economies Composite ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho New Economies Composite Index (the "Index")Seeks to track an index utilizing artificial intelligence and a quantitative weighting methodology to pursue the potential of a new economy fueled by innovative companies disrupting traditional industries by leveraging advancements in exponential processing power, artificial intelligence, robotics, and automationMay provide an effective way to pursue long-term growth potential by targeting companies within the sectors driving innovation within the new economy

KOMP (State Street SPDR S&P Kensho New Economies Composite ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $2.66B, a beta of 1.58 versus the broader market, a 52-week range of 49.13-69.53, average daily share volume of 74K, a public-listing history dating back to 2018. These structural characteristics shape how KOMP etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.58 indicates KOMP has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. KOMP pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a long put on KOMP?

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 KOMP snapshot

As of May 15, 2026, spot at $68.13, ATM IV 26.70%, IV rank 5.63%, expected move 7.65%. The long put on KOMP 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 98-day expiry.

Why this long put structure on KOMP specifically: KOMP IV at 26.70% is on the cheap side of its 1-year range, which favors premium-buying structures like a KOMP long put, with a market-implied 1-standard-deviation move of approximately 7.65% (roughly $5.22 on the underlying). The 98-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated KOMP expiries trade a higher absolute premium for lower per-day decay. Position sizing on KOMP should anchor to the underlying notional of $68.13 per share and to the trader's directional view on KOMP etf.

KOMP long put setup

The KOMP 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 KOMP near $68.13, the first option leg uses a $68.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed KOMP chain at a 98-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 KOMP shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Put	$68.00	$3.50

KOMP long put risk and reward

Net Premium / Debit: -$350.00
Max Profit (per contract): $6,449.00
Max Loss (per contract): -$350.00
Breakeven(s): $64.50
Risk / Reward Ratio: 18.426

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

KOMP long put payoff curve

Modeled P&L at expiration across a range of underlying prices for the long put on KOMP. 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%	+$6,449.00
$15.07	-77.9%	+$4,942.72
$30.14	-55.8%	+$3,436.44
$45.20	-33.7%	+$1,930.16
$60.26	-11.5%	+$423.87
$75.32	+10.6%	-$350.00
$90.39	+32.7%	-$350.00
$105.45	+54.8%	-$350.00
$120.51	+76.9%	-$350.00
$135.58	+99.0%	-$350.00

When traders use long put on KOMP

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

KOMP thesis for this long put

The market-implied 1-standard-deviation range for KOMP extends from approximately $62.91 on the downside to $73.35 on the upside. A KOMP long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long KOMP position with one put per 100 shares held. Current KOMP IV rank near 5.63% sits in the lower third of its 1-year distribution, where IV often re-expands toward the mean; this favors premium-buying structures and disadvantages premium-selling structures on KOMP at 26.70%. As a Financial Services name, KOMP options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to KOMP-specific events.

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

Frequently asked questions

What is a long put on KOMP?: A long put on KOMP is the long put strategy applied to KOMP (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 KOMP etf trading near $68.13, the strikes shown on this page are snapped to the nearest listed KOMP chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are KOMP 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 KOMP long put priced from the end-of-day chain at a 30-day expiry (ATM IV 26.70%), the computed maximum profit is $6,449.00 per contract and the computed maximum loss is -$350.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a KOMP long put?: The breakeven for the KOMP long put priced on this page is roughly $64.50 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 KOMP market-implied 1-standard-deviation expected move is approximately 7.65%; 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 KOMP?: Long puts on KOMP hedge an existing long KOMP etf position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying KOMP exposure being hedged.
How does current KOMP implied volatility affect this long put?: KOMP ATM IV is at 26.70% with IV rank near 5.63%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.