How are NVDS 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 NVDS bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 56.30%), the computed maximum profit is $50.00 per contract and the computed maximum loss is -$50.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a NVDS bear put spread?

The breakeven for the NVDS bear put spread priced on this page is roughly $23.50 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 NVDS market-implied 1-standard-deviation expected move is approximately 16.14%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

NVDS ATM IV is at 56.30% with IV rank near 31.61%, 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.

NVDS Bear Put Spread Strategy

NVDS (Tradr 1.5X Short NVDA Daily ETF), in the Financial Services sector, (Asset Management - Leveraged industry), listed on NASDAQ.

This actively managed Exchange Traded Fund (ETF) aims to deliver, on a daily basis and prior to any charges or expenses, a return that is negative 125% of NVIDIA (NVDA) stock's daily performance. Its primary method for achieving this objective is through entering into one or more daily swap contracts linked to NVDA. It is paramount to note that this performance target is strictly for a single trading day and is not intended to apply to any periods exceeding one day. In typical market environments, the fund's manager commits a minimum of 80% of its assets to financial instruments engineered to provide this inverse 1.25x leveraged exposure to NVDA's daily fluctuations. The fund operates with a concentrated, non-diversified investment approach.

NVDS (Tradr 1.5X Short NVDA Daily ETF) trades in the Financial Services sector, specifically Asset Management - Leveraged, with a market capitalization of approximately $28.9M, a beta of -2.22 versus the broader market, a 52-week range of 18.291-46.02, average daily share volume of 395K, a public-listing history dating back to 2022. These structural characteristics shape how NVDS etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of -2.22 indicates NVDS has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. NVDS 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 NVDS?

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.

Current NVDS snapshot

As of June 29, 2026, spot at $23.70, ATM IV 56.30%, IV rank 31.61%, expected move 16.14%. The bear put spread on NVDS 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 18-day expiry.

Why this bear put spread structure on NVDS specifically: NVDS IV at 56.30% 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 16.14% (roughly $3.83 on the underlying). The 18-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated NVDS expiries trade a higher absolute premium for lower per-day decay. Position sizing on NVDS should anchor to the underlying notional of $23.70 per share and to the trader's directional view on NVDS etf.

NVDS bear put spread setup

The NVDS bear put spread below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With NVDS near $23.70, the first option leg uses a $24.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed NVDS chain at a 18-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 NVDS shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Put	$24.00	$1.23
Sell 1	Put	$23.00	$0.73

NVDS bear put spread risk and reward

Net Premium / Debit: -$50.00
Max Profit (per contract): $50.00
Max Loss (per contract): -$50.00
Breakeven(s): $23.50
Risk / Reward Ratio: 1.000

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.

NVDS bear put spread payoff curve

Modeled P&L at expiration across a range of underlying prices for the bear put spread on NVDS. 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%	+$50.00
$5.25	-77.9%	+$50.00
$10.49	-55.7%	+$50.00
$15.73	-33.6%	+$50.00
$20.97	-11.5%	+$50.00
$26.21	+10.6%	-$50.00
$31.44	+32.7%	-$50.00
$36.68	+54.8%	-$50.00
$41.92	+76.9%	-$50.00
$47.16	+99.0%	-$50.00

When traders use bear put spread on NVDS

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

NVDS thesis for this bear put spread

The market-implied 1-standard-deviation range for NVDS extends from approximately $19.87 on the downside to $27.53 on the upside. A NVDS bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on NVDS, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current NVDS IV rank near 31.61% is mid-range against its 1-year distribution, so the IV signal is neutral; the bear put spread thesis on NVDS should anchor more to the directional view and the expected-move geometry. As a Financial Services name, NVDS options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to NVDS-specific events.

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

Frequently asked questions

What is a bear put spread on NVDS?: A bear put spread on NVDS is the bear put spread strategy applied to NVDS (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 NVDS etf trading near $23.70, the strikes shown on this page are snapped to the nearest listed NVDS chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are NVDS 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 NVDS bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 56.30%), the computed maximum profit is $50.00 per contract and the computed maximum loss is -$50.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a NVDS bear put spread?: The breakeven for the NVDS bear put spread priced on this page is roughly $23.50 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 NVDS market-implied 1-standard-deviation expected move is approximately 16.14%; 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 NVDS?: Bear put spreads on NVDS reduce the cost of a bearish NVDS 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 NVDS implied volatility affect this bear put spread?: NVDS ATM IV is at 56.30% with IV rank near 31.61%, 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.