FTV Bear Put Spread Strategy
FTV (Fortive Corporation), in the Technology sector, (Hardware, Equipment & Parts industry), listed on NYSE.
Fortive Corporation designs, develops, manufactures, markets, and services professional and engineered products, software, and services worldwide. Its Intelligent Operating Solutions segment offers connected reliability tools; environment, health, safety, and quality enterprise software products; facility and asset lifecycle software; pre-construction planning and construction procurement solutions; ruggedized professional test tools; electric, pressure, and temperature calibration tools; and portable gas detection tools for a range of vertical end markets including manufacturing, process industries, healthcare, utilities and power, communications and electronics, and others. It markets its products and services under the ACCRUENT, FLUKE, GORDIAN, INDUSTRIAL SCIENTIFIC, INTELEX, PRUFTECHNIK, and SERVICECHANNEL brands. The company's Precision Technologies segment provides electrical test and measurement instruments and services; energetic material devices; and sensor and control system solutions for power and energy, medical equipment, food and beverage, aerospace and defense, off-highway vehicles, electronics, semiconductors, and other general industrial markets. This segment markets its products under the ANDERSON-NEGELE, GEMS, SETRA, HENGSTLER-DYNAPAR, QUALITROL, PACIFIC SCIENTIFIC, KEITHLEY, and TEKTRONIX brands. Its Advanced Healthcare Solutions segment offers hardware and software products and services, including instrument and device reprocessing, instrument tracking, biomedical test tools, radiation safety monitoring, and asset management services; subscription-based surgical inventory management systems to facilitate inventory management and regulatory compliance, as well as technical, analytical, and compliance services to determine radiation exposure services under the ASP, CENSIS, CENSITRAC, EVOTECH, FLUKE BIOMEDICAL, INVETECH, LANDAUER, RAYSAFE, and STERRAD brands.
FTV (Fortive Corporation) trades in the Technology sector, specifically Hardware, Equipment & Parts, with a market capitalization of approximately $18.11B, a trailing P/E of 33.84, a beta of 1.01 versus the broader market, a 52-week range of 46.34-62.805, average daily share volume of 3.2M, a public-listing history dating back to 2016, approximately 10K full-time employees. These structural characteristics shape how FTV stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.01 places FTV roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. FTV 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 FTV?
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.
Current FTV snapshot
As of May 14, 2026, spot at $58.67, ATM IV 29.50%, IV rank 3.39%, expected move 8.46%. The bear put spread on FTV 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 35-day expiry.
Why this bear put spread structure on FTV specifically: FTV IV at 29.50% is on the cheap side of its 1-year range, which favors premium-buying structures like a FTV bear put spread, with a market-implied 1-standard-deviation move of approximately 8.46% (roughly $4.96 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 FTV expiries trade a higher absolute premium for lower per-day decay. Position sizing on FTV should anchor to the underlying notional of $58.67 per share and to the trader's directional view on FTV stock.
FTV bear put spread setup
The FTV bear put spread below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With FTV near $58.67, the first option leg uses a $58.67 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed FTV 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 FTV shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $58.67 | N/A |
| Sell 1 | Put | $55.74 | N/A |
FTV bear put spread 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 strike width minus net debit times 100; max loss equals net debit times 100. Breakeven is long-put strike minus net debit.
FTV bear put spread payoff curve
Modeled P&L at expiration across a range of underlying prices for the bear put spread on FTV. 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 bear put spread on FTV
Bear put spreads on FTV reduce the cost of a bearish FTV stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.
FTV thesis for this bear put spread
The market-implied 1-standard-deviation range for FTV extends from approximately $53.71 on the downside to $63.63 on the upside. A FTV bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on FTV, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current FTV IV rank near 3.39% 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 FTV at 29.50%. As a Technology name, FTV options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to FTV-specific events.
FTV 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. FTV positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move FTV alongside the broader basket even when FTV-specific fundamentals are unchanged. Long-premium structures like a bear put spread on FTV 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 FTV chain quotes before placing a trade.
Frequently asked questions
- What is a bear put spread on FTV?
- A bear put spread on FTV is the bear put spread strategy applied to FTV (stock). 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 FTV stock trading near $58.67, the strikes shown on this page are snapped to the nearest listed FTV chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are FTV 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 FTV bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 29.50%), 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 FTV bear put spread?
- The breakeven for the FTV bear put spread 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 FTV market-implied 1-standard-deviation expected move is approximately 8.46%; 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 FTV?
- Bear put spreads on FTV reduce the cost of a bearish FTV stock 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 FTV implied volatility affect this bear put spread?
- FTV ATM IV is at 29.50% with IV rank near 3.39%, 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.