MKOR Bear Put Spread Strategy
MKOR (Matthews Korea Active ETF MKOR), in the Financial Services sector, (Asset Management - Global industry), listed on AMEX.
In typical market conditions, this fund endeavors to fulfill its investment objective by allocating a minimum of 80% of its net assets—a figure that includes any capital acquired through borrowing—to both common and preferred equity shares of companies primarily operating in South Korea.
MKOR (Matthews Korea Active ETF MKOR) trades in the Financial Services sector, specifically Asset Management - Global, with a market capitalization of approximately $114.1M, a beta of 2.23 versus the broader market, a 52-week range of 26.78-72.96, average daily share volume of 22K, a public-listing history dating back to 2023. These structural characteristics shape how MKOR etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 2.23 indicates MKOR has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. MKOR 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 MKOR?
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.
MKOR snapshot
As of August 14, 2026, spot at $61.72, ATM IV 47.40%, expected move 13.59%. The bear put spread on MKOR 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 MKOR specifically: IV rank is unavailable in the current snapshot, so regime-based timing for MKOR is inferred from ATM IV at 47.40% alone, with a market-implied 1-standard-deviation move of approximately 13.59% (roughly $8.39 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 MKOR expiries trade a higher absolute premium for lower per-day decay. Position sizing on MKOR should anchor to the underlying notional of $61.72 per share and to the trader's directional view on MKOR etf.
MKOR bear put spread setup
The MKOR 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 MKOR at $61.72 on that close, the first option leg uses a $62.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed MKOR 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 MKOR shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $62.00 | $3.48 |
| Sell 1 | Put | $59.00 | $2.25 |
MKOR bear put spread risk and reward
- Net Premium / Debit
- -$122.50
- Max Profit (per contract)
- $177.50
- Max Loss (per contract)
- -$122.50
- Breakeven(s)
- $60.78
- Risk / Reward Ratio
- 1.449
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.
MKOR bear put spread payoff curve
Modeled P&L at expiration across a range of underlying prices for the bear put spread on MKOR. 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% | +$177.50 |
| $13.66 | -77.9% | +$177.50 |
| $27.30 | -55.8% | +$177.50 |
| $40.95 | -33.7% | +$177.50 |
| $54.59 | -11.5% | +$177.50 |
| $68.24 | +10.6% | -$122.50 |
| $81.88 | +32.7% | -$122.50 |
| $95.53 | +54.8% | -$122.50 |
| $109.17 | +76.9% | -$122.50 |
| $122.82 | +99.0% | -$122.50 |
When traders use bear put spread on MKOR
Bear put spreads on MKOR reduce the cost of a bearish MKOR etf position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.
MKOR thesis for this bear put spread
The market-implied 1-standard-deviation range for MKOR extends from approximately $53.33 on the downside to $70.11 on the upside. A MKOR bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on MKOR, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. As a Financial Services name, MKOR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to MKOR-specific events.
MKOR 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. MKOR positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move MKOR alongside the broader basket even when MKOR-specific fundamentals are unchanged. Long-premium structures like a bear put spread on MKOR 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 MKOR chain quotes before placing a trade.
Frequently asked questions
- What is a bear put spread on MKOR?
- A bear put spread on MKOR is the bear put spread strategy applied to MKOR (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 MKOR etf at $61.72 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed MKOR chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are MKOR 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 MKOR bear put spread priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 47.40%), the computed maximum profit is $177.50 per contract and the computed maximum loss is -$122.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a MKOR bear put spread?
- The breakeven for the MKOR bear put spread priced on this page is roughly $60.78 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 MKOR market-implied 1-standard-deviation expected move in the same options snapshot is approximately 13.59%; 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 MKOR?
- Bear put spreads on MKOR reduce the cost of a bearish MKOR 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 MKOR implied volatility affect this bear put spread?
- Current MKOR ATM IV is 47.40%; IV rank context is unavailable in the current snapshot.