TIME Long Put Strategy
TIME (Clockwise U.S. Core Equity ETF), in the Financial Services sector, (Asset Management industry), listed on AMEX.
The fund will invest, under normal circumstances, at least 80% of its net assets, plus the amount of borrowings for investment purposes, in equity securities of U.S. based companies, including common stocks, partnership interests, other equity investments or ownership interests in business enterprises, and securities or instruments (such as ETFs and options) investing in or providing long or short exposure to equity securities of U.S. based companies. The fund is non-diversified.
TIME (Clockwise U.S. Core Equity ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $19.5M, a beta of 1.33 versus the broader market, a 52-week range of 22.309-27.45, average daily share volume of 5K, a public-listing history dating back to 2022, approximately 2K full-time employees. These structural characteristics shape how TIME etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.33 indicates TIME has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. TIME pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a long put on TIME?
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 TIME snapshot
As of June 30, 2026, spot at $26.62, ATM IV 45.80%, IV rank 10.53%, expected move 13.13%. The long put on TIME 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 17-day expiry.
Why this long put structure on TIME specifically: TIME IV at 45.80% is on the cheap side of its 1-year range, which favors premium-buying structures like a TIME long put, with a market-implied 1-standard-deviation move of approximately 13.13% (roughly $3.50 on the underlying). The 17-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated TIME expiries trade a higher absolute premium for lower per-day decay. Position sizing on TIME should anchor to the underlying notional of $26.62 per share and to the trader's directional view on TIME etf.
TIME long put setup
The TIME 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 TIME near $26.62, the first option leg uses a $26.62 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed TIME chain at a 17-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 TIME shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $26.62 | N/A |
TIME long put risk and reward
- Net Premium / Debit
- N/A
- Max Profit (per contract)
- Unbounded
- Max Loss (per contract)
- Unbounded
- Breakeven(s)
- None on modeled curve
- Risk / Reward Ratio
- N/A
Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium.
TIME long put payoff curve
Modeled P&L at expiration across a range of underlying prices for the long put on TIME. 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.
When traders use long put on TIME
Long puts on TIME hedge an existing long TIME etf position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying TIME exposure being hedged.
TIME thesis for this long put
The market-implied 1-standard-deviation range for TIME extends from approximately $23.12 on the downside to $30.12 on the upside. A TIME long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long TIME position with one put per 100 shares held. Current TIME IV rank near 10.53% 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 TIME at 45.80%. As a Financial Services name, TIME options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to TIME-specific events.
TIME 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. TIME positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move TIME alongside the broader basket even when TIME-specific fundamentals are unchanged. Long-premium structures like a long put on TIME 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 TIME chain quotes before placing a trade.
Frequently asked questions
- What is a long put on TIME?
- A long put on TIME is the long put strategy applied to TIME (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 TIME etf trading near $26.62, the strikes shown on this page are snapped to the nearest listed TIME chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are TIME 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 TIME long put priced from the end-of-day chain at a 30-day expiry (ATM IV 45.80%), the computed maximum profit is unbounded per contract and the computed maximum loss is unbounded per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a TIME long put?
- The breakeven for the TIME long put priced on this page is no defined breakeven on the modeled curve 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 TIME market-implied 1-standard-deviation expected move is approximately 13.13%; 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 TIME?
- Long puts on TIME hedge an existing long TIME etf position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying TIME exposure being hedged.
- How does current TIME implied volatility affect this long put?
- TIME ATM IV is at 45.80% with IV rank near 10.53%, 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.