AVNM Cash-Secured Put Strategy
AVNM (Avantis All International Markets Equity ETF 9), in the Financial Services sector, (Asset Management industry), listed on AMEX.
Designed to provide exposure to a broadly diversified set of companies and sectors across international developed and emerging market countries while focusing on securities with higher expected returns*. The strategy pursues its objective through investing in a series of other Avantis exchange-traded funds (ETFs).Pursues the benefits associated with indexing (diversification, low turnover, transparency of exposures), but with the ability to add value by making investment decisions using information in current prices.Efficient portfolio management and trading process that is designed to enhance returns while seeking to reduce unnecessary risks and transaction costs for investors.
AVNM (Avantis All International Markets Equity ETF 9) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $625.2M, a beta of 0.65 versus the broader market, a 52-week range of 62.02-84.25, average daily share volume of 65K, a public-listing history dating back to 2023. These structural characteristics shape how AVNM etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.65 indicates AVNM has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. AVNM 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 AVNM?
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.
Current AVNM snapshot
As of May 15, 2026, spot at $82.05, ATM IV 22.80%, IV rank 31.06%, expected move 6.54%. The cash-secured put on AVNM 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 34-day expiry.
Why this cash-secured put structure on AVNM specifically: AVNM IV at 22.80% is mid-range versus its 1-year history, so the credit collected on a AVNM cash-secured put sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 6.54% (roughly $5.36 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated AVNM expiries trade a higher absolute premium for lower per-day decay. Position sizing on AVNM should anchor to the underlying notional of $82.05 per share and to the trader's directional view on AVNM etf.
AVNM cash-secured put setup
The AVNM cash-secured put below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With AVNM near $82.05, the first option leg uses a $78.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AVNM chain at a 34-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 AVNM shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $78.00 | $0.77 |
AVNM cash-secured put risk and reward
- Net Premium / Debit
- +$77.00
- Max Profit (per contract)
- $77.00
- Max Loss (per contract)
- -$7,722.00
- Breakeven(s)
- $77.23
- Risk / Reward Ratio
- 0.010
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
AVNM cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on AVNM. 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% | -$7,722.00 |
| $18.15 | -77.9% | -$5,907.94 |
| $36.29 | -55.8% | -$4,093.88 |
| $54.43 | -33.7% | -$2,279.82 |
| $72.57 | -11.6% | -$465.76 |
| $90.71 | +10.6% | +$77.00 |
| $108.85 | +32.7% | +$77.00 |
| $126.99 | +54.8% | +$77.00 |
| $145.13 | +76.9% | +$77.00 |
| $163.28 | +99.0% | +$77.00 |
When traders use cash-secured put on AVNM
Cash-secured puts on AVNM earn premium while a trader waits to acquire AVNM etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning AVNM.
AVNM thesis for this cash-secured put
The market-implied 1-standard-deviation range for AVNM extends from approximately $76.69 on the downside to $87.41 on the upside. A AVNM cash-secured put lets a trader earn premium while waiting to acquire AVNM 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. Current AVNM IV rank near 31.06% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put thesis on AVNM should anchor more to the directional view and the expected-move geometry. As a Financial Services name, AVNM options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AVNM-specific events.
AVNM 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. AVNM positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move AVNM alongside the broader basket even when AVNM-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on AVNM carry tail risk when realized volatility exceeds the implied move; review historical AVNM earnings reactions and macro stress periods before sizing. Always rebuild the position from current AVNM chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on AVNM?
- A cash-secured put on AVNM is the cash-secured put strategy applied to AVNM (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 AVNM etf trading near $82.05, the strikes shown on this page are snapped to the nearest listed AVNM chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are AVNM 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 AVNM cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 22.80%), the computed maximum profit is $77.00 per contract and the computed maximum loss is -$7,722.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a AVNM cash-secured put?
- The breakeven for the AVNM cash-secured put priced on this page is roughly $77.23 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 AVNM market-implied 1-standard-deviation expected move is approximately 6.54%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a cash-secured put on AVNM?
- Cash-secured puts on AVNM earn premium while a trader waits to acquire AVNM etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning AVNM.
- How does current AVNM implied volatility affect this cash-secured put?
- AVNM ATM IV is at 22.80% with IV rank near 31.06%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.