AOR Cash-Secured Put Strategy
AOR (iShares Core 60/40 Balanced Allocation ETF), in the Financial Services sector, (Asset Management industry), listed on AMEX.
Designed to mirror a benchmark, the iShares Core 60/40 Balanced Allocation ETF invests in a blend of equity and fixed income instruments through underlying funds. Its objective is to capture the returns of an investment strategy balancing growth opportunities with a predefined risk profile.
AOR (iShares Core 60/40 Balanced Allocation ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $3.96B, a beta of 0.91 versus the broader market, a 52-week range of 62.96-70.49, average daily share volume of 477K, a public-listing history dating back to 2008. These structural characteristics shape how AOR etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.91 places AOR roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. AOR pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a cash-secured put on AOR?
A cash-secured put sells an out-of-the-money put while holding cash equal to the strike-times-100 obligation, keeping the premium when the underlying stays above the strike.
AOR snapshot
As of November 13, 2026, spot at $67.87. The cash-secured put on AOR below is built from the November 13, 2026 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 cash-secured put structure on AOR specifically: IV rank is unavailable in the current snapshot, so regime-based timing for AOR is inferred from ATM IV alone. The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated AOR expiries trade a higher absolute premium for lower per-day decay. Position sizing on AOR should anchor to the underlying notional of $67.87 per share and to the trader's directional view on AOR etf.
AOR cash-secured put setup
The AOR cash-secured put below is built from the November 13, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With AOR at $67.87 on that close, the first option leg uses a $64.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AOR 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 AOR shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $64.00 | $0.11 |
AOR cash-secured put risk and reward
- Net Premium / Debit
- +$11.00
- Max Profit (per contract)
- $11.00
- Max Loss (per contract)
- -$6,388.00
- Breakeven(s)
- $63.99
- Risk / Reward Ratio
- 0.002
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
AOR cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on AOR. 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.
| Underlying Price | % From Spot | P&L at Expiration |
|---|---|---|
| $0.01 | -100.0% | -$6,388.00 |
| $15.02 | -77.9% | -$4,887.47 |
| $30.02 | -55.8% | -$3,386.93 |
| $45.03 | -33.7% | -$1,886.40 |
| $60.03 | -11.5% | -$385.87 |
| $75.04 | +10.6% | +$11.00 |
| $90.04 | +32.7% | +$11.00 |
| $105.05 | +54.8% | +$11.00 |
| $120.05 | +76.9% | +$11.00 |
| $135.06 | +99.0% | +$11.00 |
When traders use cash-secured put on AOR
Cash-secured puts on AOR earn premium while a trader waits to acquire AOR etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning AOR.
AOR thesis for this cash-secured put
A AOR cash-secured put lets a trader earn premium while waiting to acquire AOR at the strike price; the strategy is most attractive when the trader is comfortable holding the underlying at that level and IV is rich enough to compensate for the assignment risk. As a Financial Services name, AOR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AOR-specific events.
AOR cash-secured put positions are structurally neutral to slightly bullish; 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. AOR positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move AOR alongside the broader basket even when AOR-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on AOR carry tail risk when realized volatility exceeds the implied move; review historical AOR earnings reactions and macro stress periods before sizing. Always rebuild the position from current AOR chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on AOR?
- A cash-secured put on AOR is the cash-secured put strategy applied to AOR (etf). The strategy is structurally neutral to slightly bullish: A cash-secured put sells an out-of-the-money put while holding cash equal to the strike-times-100 obligation, keeping the premium when the underlying stays above the strike. With AOR etf at $67.87 on the November 13, 2026 close, the strikes shown on this page are snapped to the nearest listed AOR chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are AOR cash-secured put max profit and max loss calculated?
- Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium. For the AOR cash-secured put priced from the November 13, 2026 end-of-day chain at a 30-day expiry (ATM IV the current ATM IV), the computed maximum profit is $11.00 per contract and the computed maximum loss is -$6,388.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a AOR cash-secured put?
- The breakeven for the AOR cash-secured put priced on this page is roughly $63.99 at expiration, derived from the November 13, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk.
- When should you consider a cash-secured put on AOR?
- Cash-secured puts on AOR earn premium while a trader waits to acquire AOR etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning AOR.
- How does current AOR implied volatility affect this cash-secured put?
- Current AOR ATM IV is the current ATM IV; IV rank context is unavailable in the current snapshot.