How are NYSX 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 NYSX bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 22.40%), the computed maximum profit is $444.50 per contract and the computed maximum loss is -$255.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a NYSX bear put spread?

The breakeven for the NYSX bear put spread priced on this page is roughly $126.45 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 NYSX market-implied 1-standard-deviation expected move is approximately 6.42%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

Current NYSX ATM IV is 22.40%; IV rank context is unavailable in the current snapshot.

NYSX Bear Put Spread Strategy

NYSX (Global X - NYSE 100 ETF), in the Financial Services sector, (Asset Management - Global industry), listed on AMEX.

The Global X NYSE 100 ETF, traded under the symbol NYSX, endeavors to replicate the financial performance of the NYSE 100 Index. Its goal is to achieve investment returns that closely mirror both the capital appreciation and dividend income generated by the index, prior to the subtraction of any management fees or operational costs.

NYSX (Global X - NYSE 100 ETF) trades in the Financial Services sector, specifically Asset Management - Global, with a market capitalization of approximately $1.2M, a beta of 0.00 versus the broader market, a 52-week range of 93.2561-132.062, average daily share volume of 4K, a public-listing history dating back to 2026. These structural characteristics shape how NYSX stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.00 indicates NYSX has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure.

What is a bear put spread on NYSX?

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 NYSX snapshot

As of June 30, 2026, spot at $128.63, ATM IV 22.40%, expected move 6.42%. The bear put spread on NYSX 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 bear put spread structure on NYSX specifically: IV rank is unavailable in the current snapshot, so regime-based timing for NYSX is inferred from ATM IV at 22.40% alone, with a market-implied 1-standard-deviation move of approximately 6.42% (roughly $8.26 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 NYSX expiries trade a higher absolute premium for lower per-day decay. Position sizing on NYSX should anchor to the underlying notional of $128.63 per share and to the trader's directional view on NYSX stock.

NYSX bear put spread setup

The NYSX 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 NYSX near $128.63, the first option leg uses a $129.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed NYSX 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 NYSX shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Put	$129.00	$3.43
Sell 1	Put	$122.00	$0.87

NYSX bear put spread risk and reward

Net Premium / Debit: -$255.50
Max Profit (per contract): $444.50
Max Loss (per contract): -$255.50
Breakeven(s): $126.45
Risk / Reward Ratio: 1.740

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.

NYSX bear put spread payoff curve

Modeled P&L at expiration across a range of underlying prices for the bear put spread on NYSX. 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	-100.0%	+$444.50
$28.45	-77.9%	+$444.50
$56.89	-55.8%	+$444.50
$85.33	-33.7%	+$444.50
$113.77	-11.6%	+$444.50
$142.21	+10.6%	-$255.50
$170.65	+32.7%	-$255.50
$199.09	+54.8%	-$255.50
$227.53	+76.9%	-$255.50
$255.97	+99.0%	-$255.50

When traders use bear put spread on NYSX

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

NYSX thesis for this bear put spread

The market-implied 1-standard-deviation range for NYSX extends from approximately $120.37 on the downside to $136.89 on the upside. A NYSX bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on NYSX, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. As a Financial Services name, NYSX options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to NYSX-specific events.

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

Frequently asked questions

What is a bear put spread on NYSX?: A bear put spread on NYSX is the bear put spread strategy applied to NYSX (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 NYSX stock trading near $128.63, the strikes shown on this page are snapped to the nearest listed NYSX chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are NYSX 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 NYSX bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 22.40%), the computed maximum profit is $444.50 per contract and the computed maximum loss is -$255.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a NYSX bear put spread?: The breakeven for the NYSX bear put spread priced on this page is roughly $126.45 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 NYSX market-implied 1-standard-deviation expected move is approximately 6.42%; 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 NYSX?: Bear put spreads on NYSX reduce the cost of a bearish NYSX 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 NYSX implied volatility affect this bear put spread?: Current NYSX ATM IV is 22.40%; IV rank context is unavailable in the current snapshot.