NEMG Long Put Strategy
NEMG (Leverage Shares 2x Long NEM Daily ETF), in the Financial Services sector, (Asset Management industry), listed on NASDAQ.
The Leverage Shares 2x Long NEM Daily ETF (NEMG) is a 2x Daily Leveraged (Bull) ETF designed for active traders seeking to magnify short-term results. The NEMG ETF aims to achieve two times (200%) the daily performance of NEM stock, minus fees and expenses.
NEMG (Leverage Shares 2x Long NEM Daily ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $437,679, a beta of 1.13 versus the broader market, a 52-week range of 13.01-33.47, average daily share volume of 15K, a public-listing history dating back to 2025. These structural characteristics shape how NEMG etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.13 places NEMG roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.
What is a long put on NEMG?
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 NEMG snapshot
As of May 15, 2026, spot at $19.28, ATM IV 89.70%, expected move 25.72%. The long put on NEMG 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 34-day expiry.
Why this long put structure on NEMG specifically: IV rank is unavailable in the current snapshot, so regime-based timing for NEMG is inferred from ATM IV at 89.70% alone, with a market-implied 1-standard-deviation move of approximately 25.72% (roughly $4.96 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated NEMG expiries trade a higher absolute premium for lower per-day decay. Position sizing on NEMG should anchor to the underlying notional of $19.28 per share and to the trader's directional view on NEMG etf.
NEMG long put setup
The NEMG 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 NEMG near $19.28, the first option leg uses a $19.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed NEMG chain at a 34-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 NEMG shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $19.00 | $1.90 |
NEMG long put risk and reward
- Net Premium / Debit
- -$190.00
- Max Profit (per contract)
- $1,709.00
- Max Loss (per contract)
- -$190.00
- Breakeven(s)
- $17.10
- Risk / Reward Ratio
- 8.995
Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium.
NEMG long put payoff curve
Modeled P&L at expiration across a range of underlying prices for the long put on NEMG. 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 | -99.9% | +$1,709.00 |
| $4.27 | -77.8% | +$1,282.82 |
| $8.53 | -55.7% | +$856.64 |
| $12.80 | -33.6% | +$430.46 |
| $17.06 | -11.5% | +$4.28 |
| $21.32 | +10.6% | -$190.00 |
| $25.58 | +32.7% | -$190.00 |
| $29.84 | +54.8% | -$190.00 |
| $34.10 | +76.9% | -$190.00 |
| $38.37 | +99.0% | -$190.00 |
When traders use long put on NEMG
Long puts on NEMG hedge an existing long NEMG etf position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying NEMG exposure being hedged.
NEMG thesis for this long put
The market-implied 1-standard-deviation range for NEMG extends from approximately $14.32 on the downside to $24.24 on the upside. A NEMG long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long NEMG position with one put per 100 shares held. As a Financial Services name, NEMG options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to NEMG-specific events.
NEMG 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. NEMG positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move NEMG alongside the broader basket even when NEMG-specific fundamentals are unchanged. Long-premium structures like a long put on NEMG 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 NEMG chain quotes before placing a trade.
Frequently asked questions
- What is a long put on NEMG?
- A long put on NEMG is the long put strategy applied to NEMG (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 NEMG etf trading near $19.28, the strikes shown on this page are snapped to the nearest listed NEMG chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are NEMG 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 NEMG long put priced from the end-of-day chain at a 30-day expiry (ATM IV 89.70%), the computed maximum profit is $1,709.00 per contract and the computed maximum loss is -$190.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a NEMG long put?
- The breakeven for the NEMG long put priced on this page is roughly $17.10 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 NEMG market-implied 1-standard-deviation expected move is approximately 25.72%; 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 NEMG?
- Long puts on NEMG hedge an existing long NEMG etf position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying NEMG exposure being hedged.
- How does current NEMG implied volatility affect this long put?
- Current NEMG ATM IV is 89.70%; IV rank context is unavailable in the current snapshot.