ROBO Long Put Strategy
ROBO (L&G ROBO Global Robotics and Automation UCITS ETF), in the Financial Services sector, (Asset Management - Global industry), listed on AMEX.
ROBO Global Robotics and Automation UCITS ETF
ROBO (L&G ROBO Global Robotics and Automation UCITS ETF) trades in the Financial Services sector, specifically Asset Management - Global, with a market capitalization of approximately $2.21B, a beta of 1.70 versus the broader market, a 52-week range of 54.78-87.5, average daily share volume of 171K, a public-listing history dating back to 2013. These structural characteristics shape how ROBO etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.70 indicates ROBO has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. ROBO pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a long put on ROBO?
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 ROBO snapshot
As of May 15, 2026, spot at $85.19, ATM IV 29.70%, IV rank 47.75%, expected move 8.51%. The long put on ROBO 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 ROBO specifically: ROBO IV at 29.70% 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 8.51% (roughly $7.25 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 ROBO expiries trade a higher absolute premium for lower per-day decay. Position sizing on ROBO should anchor to the underlying notional of $85.19 per share and to the trader's directional view on ROBO etf.
ROBO long put setup
The ROBO 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 ROBO near $85.19, the first option leg uses a $85.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ROBO 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 ROBO shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $85.00 | $2.85 |
ROBO long put risk and reward
- Net Premium / Debit
- -$285.00
- Max Profit (per contract)
- $8,214.00
- Max Loss (per contract)
- -$285.00
- Breakeven(s)
- $82.15
- Risk / Reward Ratio
- 28.821
Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium.
ROBO long put payoff curve
Modeled P&L at expiration across a range of underlying prices for the long put on ROBO. 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% | +$8,214.00 |
| $18.84 | -77.9% | +$6,330.51 |
| $37.68 | -55.8% | +$4,447.03 |
| $56.51 | -33.7% | +$2,563.54 |
| $75.35 | -11.6% | +$680.05 |
| $94.18 | +10.6% | -$285.00 |
| $113.02 | +32.7% | -$285.00 |
| $131.85 | +54.8% | -$285.00 |
| $150.69 | +76.9% | -$285.00 |
| $169.52 | +99.0% | -$285.00 |
When traders use long put on ROBO
Long puts on ROBO hedge an existing long ROBO etf position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying ROBO exposure being hedged.
ROBO thesis for this long put
The market-implied 1-standard-deviation range for ROBO extends from approximately $77.94 on the downside to $92.44 on the upside. A ROBO long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long ROBO position with one put per 100 shares held. Current ROBO IV rank near 47.75% is mid-range against its 1-year distribution, so the IV signal is neutral; the long put thesis on ROBO should anchor more to the directional view and the expected-move geometry. As a Financial Services name, ROBO options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ROBO-specific events.
ROBO 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. ROBO positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move ROBO alongside the broader basket even when ROBO-specific fundamentals are unchanged. Long-premium structures like a long put on ROBO 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 ROBO chain quotes before placing a trade.
Frequently asked questions
- What is a long put on ROBO?
- A long put on ROBO is the long put strategy applied to ROBO (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 ROBO etf trading near $85.19, the strikes shown on this page are snapped to the nearest listed ROBO chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are ROBO 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 ROBO long put priced from the end-of-day chain at a 30-day expiry (ATM IV 29.70%), the computed maximum profit is $8,214.00 per contract and the computed maximum loss is -$285.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a ROBO long put?
- The breakeven for the ROBO long put priced on this page is roughly $82.15 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 ROBO market-implied 1-standard-deviation expected move is approximately 8.51%; 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 ROBO?
- Long puts on ROBO hedge an existing long ROBO etf position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying ROBO exposure being hedged.
- How does current ROBO implied volatility affect this long put?
- ROBO ATM IV is at 29.70% with IV rank near 47.75%, 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.