How are YETH 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 YETH bear put spread priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 35.10%), the computed maximum profit is $53.00 per contract and the computed maximum loss is -$47.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a YETH bear put spread?

The breakeven for the YETH bear put spread priced on this page is roughly $8.53 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 YETH market-implied 1-standard-deviation expected move in the same options snapshot is approximately 10.06%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

YETH ATM IV is at 35.10% with IV rank near 4.22%, 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.

YETH Bear Put Spread Strategy

YETH (Roundhill Investments - Ether Covered Call Strategy ETF), in the Financial Services sector, (Asset Management - Cryptocurrency industry), listed on CBOE.

The Roundhill Ether Covered Call Strategy ETF, identified by its ticker YETH, is structured to provide investors with a way to gain exposure to Ether, the native cryptocurrency of the Ethereum blockchain. However, this participation includes an inherent limit on potential gains. A core objective of the fund, in addition to offering access to the digital asset, is to generate potential income for its holders. YETH is an actively managed investment vehicle, meaning its strategy and portfolio are regularly adjusted by its managers.

YETH (Roundhill Investments - Ether Covered Call Strategy ETF) trades in the Financial Services sector, specifically Asset Management - Cryptocurrency, with a market capitalization of approximately $52.7M, a beta of 1.26 versus the broader market, a 52-week range of 7.63-31.78, average daily share volume of 83K, a public-listing history dating back to 2024. These structural characteristics shape how YETH etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.26 places YETH roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. YETH 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 YETH?

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.

YETH snapshot

As of August 14, 2026, spot at $8.81, ATM IV 35.10%, IV rank 4.22%, expected move 10.06%. The bear put spread on YETH 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 bear put spread structure on YETH specifically: YETH IV at 35.10% is on the cheap side of its 1-year range, which favors premium-buying structures like a YETH bear put spread, with a market-implied 1-standard-deviation move of approximately 10.06% (roughly $0.89 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 YETH expiries trade a higher absolute premium for lower per-day decay. Position sizing on YETH should anchor to the underlying notional of $8.81 per share and to the trader's directional view on YETH etf.

YETH bear put spread setup

The YETH bear put spread 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 YETH at $8.81 on that close, the first option leg uses a $9.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed YETH 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 YETH shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Put	$9.00	$0.81
Sell 1	Put	$8.00	$0.34

YETH bear put spread risk and reward

Net Premium / Debit: -$47.00
Max Profit (per contract): $53.00
Max Loss (per contract): -$47.00
Breakeven(s): $8.53
Risk / Reward Ratio: 1.128

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.

YETH bear put spread payoff curve

Modeled P&L at expiration across a range of underlying prices for the bear put spread on YETH. 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	-99.9%	+$53.00
$1.96	-77.8%	+$53.00
$3.90	-55.7%	+$53.00
$5.85	-33.6%	+$53.00
$7.80	-11.5%	+$53.00
$9.74	+10.6%	-$47.00
$11.69	+32.7%	-$47.00
$13.64	+54.8%	-$47.00
$15.58	+76.9%	-$47.00
$17.53	+99.0%	-$47.00

When traders use bear put spread on YETH

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

YETH thesis for this bear put spread

The market-implied 1-standard-deviation range for YETH extends from approximately $7.92 on the downside to $9.70 on the upside. A YETH bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on YETH, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current YETH IV rank near 4.22% 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 YETH at 35.10%. As a Financial Services name, YETH options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to YETH-specific events.

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

Frequently asked questions

What is a bear put spread on YETH?: A bear put spread on YETH is the bear put spread strategy applied to YETH (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 YETH etf at $8.81 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed YETH chain strike and the premiums come straight from that session's bid/ask midpoint.
How are YETH 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 YETH bear put spread priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 35.10%), the computed maximum profit is $53.00 per contract and the computed maximum loss is -$47.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a YETH bear put spread?: The breakeven for the YETH bear put spread priced on this page is roughly $8.53 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 YETH market-implied 1-standard-deviation expected move in the same options snapshot is approximately 10.06%; 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 YETH?: Bear put spreads on YETH reduce the cost of a bearish YETH 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 YETH implied volatility affect this bear put spread?: YETH ATM IV is at 35.10% with IV rank near 4.22%, 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.