QCLN Long Put Strategy
QCLN (First Trust NASDAQ Clean Edge Green Energy Index Fund), in the Financial Services sector, (Asset Management - Global industry), listed on NASDAQ.
The First Trust NASDAQ Clean Edge Green Energy Index Fund is an exchange-traded fund (ETF) designed to track the performance of an underlying equity benchmark. Its primary goal is to closely mirror the capital appreciation and income generated by the Nasdaq Clean Edge Green Energy Index, before accounting for the fund's own fees and expenses.
QCLN (First Trust NASDAQ Clean Edge Green Energy Index Fund) trades in the Financial Services sector, specifically Asset Management - Global, with a market capitalization of approximately $631.8M, a beta of 2.11 versus the broader market, a 52-week range of 35.9-69.2, average daily share volume of 226K, a public-listing history dating back to 2007. These structural characteristics shape how QCLN etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 2.11 indicates QCLN has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. QCLN pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a long put on QCLN?
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.
QCLN snapshot
As of August 14, 2026, spot at $53.40, ATM IV 34.20%, IV rank 2.46%, expected move 9.80%. The long put on QCLN 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 long put structure on QCLN specifically: QCLN IV at 34.20% is on the cheap side of its 1-year range, which favors premium-buying structures like a QCLN long put, with a market-implied 1-standard-deviation move of approximately 9.80% (roughly $5.24 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 QCLN expiries trade a higher absolute premium for lower per-day decay. Position sizing on QCLN should anchor to the underlying notional of $53.40 per share and to the trader's directional view on QCLN etf.
QCLN long put setup
The QCLN long put 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 QCLN at $53.40 on that close, the first option leg uses a $53.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed QCLN 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 QCLN shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $53.00 | $1.90 |
QCLN long put risk and reward
- Net Premium / Debit
- -$190.00
- Max Profit (per contract)
- $5,109.00
- Max Loss (per contract)
- -$190.00
- Breakeven(s)
- $51.10
- Risk / Reward Ratio
- 26.889
Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium.
QCLN long put payoff curve
Modeled P&L at expiration across a range of underlying prices for the long put on QCLN. 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% | +$5,109.00 |
| $11.82 | -77.9% | +$3,928.41 |
| $23.62 | -55.8% | +$2,747.81 |
| $35.43 | -33.7% | +$1,567.22 |
| $47.23 | -11.5% | +$386.63 |
| $59.04 | +10.6% | -$190.00 |
| $70.85 | +32.7% | -$190.00 |
| $82.65 | +54.8% | -$190.00 |
| $94.46 | +76.9% | -$190.00 |
| $106.26 | +99.0% | -$190.00 |
When traders use long put on QCLN
Long puts on QCLN hedge an existing long QCLN etf position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying QCLN exposure being hedged.
QCLN thesis for this long put
The market-implied 1-standard-deviation range for QCLN extends from approximately $48.16 on the downside to $58.64 on the upside. A QCLN long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long QCLN position with one put per 100 shares held. Current QCLN IV rank near 2.46% 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 QCLN at 34.20%. As a Financial Services name, QCLN options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to QCLN-specific events.
QCLN 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. QCLN positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move QCLN alongside the broader basket even when QCLN-specific fundamentals are unchanged. Long-premium structures like a long put on QCLN 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 QCLN chain quotes before placing a trade.
Frequently asked questions
- What is a long put on QCLN?
- A long put on QCLN is the long put strategy applied to QCLN (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 QCLN etf at $53.40 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed QCLN chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are QCLN 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 QCLN long put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 34.20%), the computed maximum profit is $5,109.00 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 QCLN long put?
- The breakeven for the QCLN long put priced on this page is roughly $51.10 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 QCLN market-implied 1-standard-deviation expected move in the same options snapshot is approximately 9.80%; 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 QCLN?
- Long puts on QCLN hedge an existing long QCLN etf position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying QCLN exposure being hedged.
- How does current QCLN implied volatility affect this long put?
- QCLN ATM IV is at 34.20% with IV rank near 2.46%, 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.