FTAI Long Put Strategy
FTAI (FTAI Aviation Ltd.), in the Industrials sector, (Aerospace & Defense industry), listed on NASDAQ.
FTAI Aviation Ltd. is a company dedicated to the ownership and acquisition of critical equipment for the aviation and offshore energy industries, thereby supporting the worldwide movement of goods and people. The company operates through two primary divisions. The Aviation Leasing segment is responsible for managing, leasing, and selling aviation assets, which include commercial aircraft and their engines, to customers. By the end of 2023, specifically December 31st, this division's managed portfolio encompassed 363 aviation assets in total, consisting of 96 commercial aircraft and 267 engines. Notably, this count included 8 aircraft and 17 engines located in Russia. The Aerospace Products segment focuses on the entire lifecycle of aircraft engines and their aftermarket components, covering their development, production, maintenance, and sales.
FTAI (FTAI Aviation Ltd.) trades in the Industrials sector, specifically Aerospace & Defense, with a market capitalization of approximately $23.25B, a trailing P/E of 46.85, a beta of 1.51 versus the broader market, a 52-week range of 138.06-323.51, average daily share volume of 1.4M, a public-listing history dating back to 2015, approximately 985 full-time employees. These structural characteristics shape how FTAI stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.51 indicates FTAI has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. The trailing P/E of 46.85 is on the rich side, which tends to correlate with higher earnings-window IV expansion as the market debates whether forward growth supports the multiple. FTAI pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a long put on FTAI?
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.
FTAI snapshot
As of August 14, 2026, spot at $217.08, ATM IV 57.63%, IV rank 34.78%, expected move 16.52%. The long put on FTAI 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 28-day expiry.
Why this long put structure on FTAI specifically: FTAI IV at 57.63% 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 16.52% (roughly $35.87 on the underlying). The 28-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated FTAI expiries trade a higher absolute premium for lower per-day decay. Position sizing on FTAI should anchor to the underlying notional of $217.08 per share and to the trader's directional view on FTAI stock.
FTAI long put setup
The FTAI 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 FTAI at $217.08 on that close, the first option leg uses a $215.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed FTAI chain at a 28-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 FTAI shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $215.00 | $12.30 |
FTAI long put risk and reward
- Net Premium / Debit
- -$1,230.00
- Max Profit (per contract)
- $20,269.00
- Max Loss (per contract)
- -$1,230.00
- Breakeven(s)
- $202.70
- Risk / Reward Ratio
- 16.479
Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium.
FTAI long put payoff curve
Modeled P&L at expiration across a range of underlying prices for the long put on FTAI. 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% | +$20,269.00 |
| $48.01 | -77.9% | +$15,469.35 |
| $96.00 | -55.8% | +$10,669.70 |
| $144.00 | -33.7% | +$5,870.06 |
| $192.00 | -11.6% | +$1,070.41 |
| $239.99 | +10.6% | -$1,230.00 |
| $287.99 | +32.7% | -$1,230.00 |
| $335.99 | +54.8% | -$1,230.00 |
| $383.98 | +76.9% | -$1,230.00 |
| $431.98 | +99.0% | -$1,230.00 |
When traders use long put on FTAI
Long puts on FTAI hedge an existing long FTAI stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying FTAI exposure being hedged.
FTAI thesis for this long put
The market-implied 1-standard-deviation range for FTAI extends from approximately $181.21 on the downside to $252.95 on the upside. A FTAI long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long FTAI position with one put per 100 shares held. Current FTAI IV rank near 34.78% is mid-range against its 1-year distribution, so the IV signal is neutral; the long put thesis on FTAI should anchor more to the directional view and the expected-move geometry. As a Industrials name, FTAI options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to FTAI-specific events.
FTAI 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. FTAI positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move FTAI alongside the broader basket even when FTAI-specific fundamentals are unchanged. Long-premium structures like a long put on FTAI 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 FTAI chain quotes before placing a trade.
Frequently asked questions
- What is a long put on FTAI?
- A long put on FTAI is the long put strategy applied to FTAI (stock). 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 FTAI stock at $217.08 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed FTAI chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are FTAI 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 FTAI long put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 57.63%), the computed maximum profit is $20,269.00 per contract and the computed maximum loss is -$1,230.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a FTAI long put?
- The breakeven for the FTAI long put priced on this page is roughly $202.70 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 FTAI market-implied 1-standard-deviation expected move in the same options snapshot is approximately 16.52%; 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 FTAI?
- Long puts on FTAI hedge an existing long FTAI stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying FTAI exposure being hedged.
- How does current FTAI implied volatility affect this long put?
- FTAI ATM IV is at 57.63% with IV rank near 34.78%, 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.