QGRW Long Put Strategy
QGRW (WisdomTree U.S. Quality Growth Fund), in the Financial Services sector, (Asset Management industry), listed on AMEX.
The index is a market-capitalization weighted index that is comprised of 100 U.S. large-capitalization and mid-capitalization companies with the highest composite scores based on two fundamental factors: growth and quality, which are equally weighted. To the extent the index concentrates (i.e., holds 25% or more of its total assets) in the securities of a particular industry or group of industries, the fund will concentrate its investments to approximately the same extent as the index. It is non-diversified.
QGRW (WisdomTree U.S. Quality Growth Fund) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $2.31B, a beta of 1.27 versus the broader market, a 52-week range of 47.7-65.72, average daily share volume of 313K, a public-listing history dating back to 2022. These structural characteristics shape how QGRW etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.27 places QGRW roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. QGRW pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a long put on QGRW?
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 QGRW snapshot
As of May 15, 2026, spot at $65.31, ATM IV 25.10%, IV rank 3.77%, expected move 7.20%. The long put on QGRW 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 QGRW specifically: QGRW IV at 25.10% is on the cheap side of its 1-year range, which favors premium-buying structures like a QGRW long put, with a market-implied 1-standard-deviation move of approximately 7.20% (roughly $4.70 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 QGRW expiries trade a higher absolute premium for lower per-day decay. Position sizing on QGRW should anchor to the underlying notional of $65.31 per share and to the trader's directional view on QGRW etf.
QGRW long put setup
The QGRW 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 QGRW near $65.31, the first option leg uses a $65.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed QGRW 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 QGRW shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $65.00 | $1.83 |
QGRW long put risk and reward
- Net Premium / Debit
- -$182.50
- Max Profit (per contract)
- $6,316.50
- Max Loss (per contract)
- -$182.50
- Breakeven(s)
- $63.18
- Risk / Reward Ratio
- 34.611
Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium.
QGRW long put payoff curve
Modeled P&L at expiration across a range of underlying prices for the long put on QGRW. 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% | +$6,316.50 |
| $14.45 | -77.9% | +$4,872.57 |
| $28.89 | -55.8% | +$3,428.64 |
| $43.33 | -33.7% | +$1,984.71 |
| $57.77 | -11.5% | +$540.78 |
| $72.21 | +10.6% | -$182.50 |
| $86.65 | +32.7% | -$182.50 |
| $101.09 | +54.8% | -$182.50 |
| $115.52 | +76.9% | -$182.50 |
| $129.96 | +99.0% | -$182.50 |
When traders use long put on QGRW
Long puts on QGRW hedge an existing long QGRW etf position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying QGRW exposure being hedged.
QGRW thesis for this long put
The market-implied 1-standard-deviation range for QGRW extends from approximately $60.61 on the downside to $70.01 on the upside. A QGRW long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long QGRW position with one put per 100 shares held. Current QGRW IV rank near 3.77% 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 QGRW at 25.10%. As a Financial Services name, QGRW options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to QGRW-specific events.
QGRW 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. QGRW positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move QGRW alongside the broader basket even when QGRW-specific fundamentals are unchanged. Long-premium structures like a long put on QGRW 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 QGRW chain quotes before placing a trade.
Frequently asked questions
- What is a long put on QGRW?
- A long put on QGRW is the long put strategy applied to QGRW (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 QGRW etf trading near $65.31, the strikes shown on this page are snapped to the nearest listed QGRW chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are QGRW 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 QGRW long put priced from the end-of-day chain at a 30-day expiry (ATM IV 25.10%), the computed maximum profit is $6,316.50 per contract and the computed maximum loss is -$182.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a QGRW long put?
- The breakeven for the QGRW long put priced on this page is roughly $63.18 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 QGRW market-implied 1-standard-deviation expected move is approximately 7.20%; 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 QGRW?
- Long puts on QGRW hedge an existing long QGRW etf position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying QGRW exposure being hedged.
- How does current QGRW implied volatility affect this long put?
- QGRW ATM IV is at 25.10% with IV rank near 3.77%, 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.