REXR Bear Put Spread Strategy
REXR (Rexford Industrial Realty, Inc.), in the Real Estate sector, (REIT - Industrial industry), listed on NYSE.
Rexford Industrial Realty, Inc. creates value by investing in, operating and repositioning industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation over the long term. The Company’s highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities. Rexford Industrial’s high-quality, irreplaceable portfolio comprised 419 properties with approximately 51.2 million rentable square feet occupied by a stable and diverse tenant base. Structured as a real estate investment trust (REIT) listed on the New York Stock Exchange. Rexford Industrial is an S&P MidCap 400 Index member. Rexford Industrial Realty, Inc. was incorporated on January 18th, 2013 in Maryland, USA.
REXR (Rexford Industrial Realty, Inc.) trades in the Real Estate sector, specifically REIT - Industrial, with a market capitalization of approximately $7.95B, a trailing P/E of 33.80, a beta of 1.22 versus the broader market, a 52-week range of 32.14-44.38, average daily share volume of 2.4M, a public-listing history dating back to 2013, approximately 256 full-time employees. These structural characteristics shape how REXR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.22 places REXR roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. REXR 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 REXR?
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 REXR snapshot
As of June 29, 2026, spot at $33.88, ATM IV 38.00%, IV rank 6.52%, expected move 10.89%. The bear put spread on REXR 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 18-day expiry.
Why this bear put spread structure on REXR specifically: REXR IV at 38.00% is on the cheap side of its 1-year range, which favors premium-buying structures like a REXR bear put spread, with a market-implied 1-standard-deviation move of approximately 10.89% (roughly $3.69 on the underlying). The 18-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated REXR expiries trade a higher absolute premium for lower per-day decay. Position sizing on REXR should anchor to the underlying notional of $33.88 per share and to the trader's directional view on REXR stock.
REXR bear put spread setup
The REXR 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 REXR near $33.88, the first option leg uses a $33.88 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed REXR chain at a 18-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 REXR shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $33.88 | N/A |
| Sell 1 | Put | $32.19 | N/A |
REXR 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.
REXR bear put spread payoff curve
Modeled P&L at expiration across a range of underlying prices for the bear put spread on REXR. 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 REXR
Bear put spreads on REXR reduce the cost of a bearish REXR stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.
REXR thesis for this bear put spread
The market-implied 1-standard-deviation range for REXR extends from approximately $30.19 on the downside to $37.57 on the upside. A REXR bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on REXR, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current REXR IV rank near 6.52% 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 REXR at 38.00%. As a Real Estate name, REXR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to REXR-specific events.
REXR 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. REXR positions also carry Real Estate sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move REXR alongside the broader basket even when REXR-specific fundamentals are unchanged. Long-premium structures like a bear put spread on REXR 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 REXR chain quotes before placing a trade.
Frequently asked questions
- What is a bear put spread on REXR?
- A bear put spread on REXR is the bear put spread strategy applied to REXR (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 REXR stock trading near $33.88, the strikes shown on this page are snapped to the nearest listed REXR chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are REXR 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 REXR bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 38.00%), 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 REXR bear put spread?
- The breakeven for the REXR 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 REXR market-implied 1-standard-deviation expected move is approximately 10.89%; 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 REXR?
- Bear put spreads on REXR reduce the cost of a bearish REXR 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 REXR implied volatility affect this bear put spread?
- REXR ATM IV is at 38.00% with IV rank near 6.52%, 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.