Bear Put Spreads Below the 200-Day
Bear Put Spread41 trades pass on DOW
- Return on risk
- 27.4% to 609.2%
- Probability of profit
- 31.6% to 65.4%
Dow Inc. · Materials
As of the close on . In the app, data is refreshed intraday.
DOW closed at $27.89 on Sep 28, 2026 with 30-day implied volatility of 43.2%. That is near the bottom of its one-year range (IV rank 23), so options on DOW are cheap compared with its own recent history. Measured by IV percentile, IV is higher than 21% of the past year's readings. Options expiring Oct 30 (32 days out) price a one standard deviation move of about $3.57, or 12.8%.
The price is below both its 50-day (-7.2%) and 200-day (-12.5%) moving averages. It is 33.4% below its 52-week high and 35.1% above its 52-week low. The 14-day RSI of 36.5 is between 30 and 70, neither overbought nor oversold. The 14-day average true range is $0.95, about 3.4% of the price, a measure of a typical day's range.
Option volume at the close (10.2K contracts) was 0.6x its average, quieter than usual. A negative beta of -0.04 means DOW has tended to move against the broad market. 3 of our preset screens found trades on DOW at the close, led by Bear Put Spreads Below the 200-Day with 41 trades.
Expected move = price x at-the-money IV x the square root of (days to expiration / 365), a one standard deviation range. The straddle is the at-the-money call plus put, the market's own price for a move. Compare expected moves across stocks.
| Expiration | IV | Expected move | 1 SD range | Straddle |
|---|---|---|---|---|
| Oct 2, 20264 days | 40.1% | ±$1.17 (4.2%) | $26.72 to $29.06 | $0.94 |
| Oct 30, 202632 days | 43.3% | ±$3.57 (12.8%) | $24.32 to $31.46 | $2.85 |
| Nov 20, 202653 days | 41.0% | ±$4.36 (15.6%) | $23.53 to $32.25 | $3.47 |
| Dec 18, 202681 days | 39.5% | ±$5.19 (18.6%) | $22.70 to $33.08 | $4.12 |
Each expiration has its own implied volatility, and short-dated IV reacts more to near-term events, so the nearest expiration can differ a lot from the 30-day figure.
Counts and ranges for DOW from our preset scans at the last close. Open a preset in the app to see each trade with its strikes, prices, and risk, refreshed intraday. Income strategies show annualized return; the rest show return on risk.
41 trades pass on DOW
14 trades pass on DOW
5 trades pass on DOW
Market data as of the prior close, for information and education only. Not investment advice. Options involve substantial risk and are not suitable for every investor. See our Terms of Service.