How is the AvaProtect premium calculated? The premium paid for AvaProtect is based on the expected volatility of the underlying position over the period of the contract. Related articles How and when is the cost of AvaProtect paid? What is AvaProtect? Can you hedge a position that is under AvaProtect? Can I lose more than the premium during the protection period? What happens if you close the position before the expiration of AvaProtect?