How are AXTU 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 AXTU cash-secured put priced from the November 13, 2026 end-of-day chain at a 30-day expiry (ATM IV 218.00%), the computed maximum profit is $225.00 per contract and the computed maximum loss is -$674.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a AXTU cash-secured put?

The breakeven for the AXTU cash-secured put priced on this page is roughly $6.75 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. The AXTU market-implied 1-standard-deviation expected move in the same options snapshot is approximately 62.50%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current AXTU implied volatility affect this cash-secured put?

Current AXTU ATM IV is 218.00%; IV rank context is unavailable in the current snapshot.

AXTU Cash-Secured Put Strategy

AXTU (ETF Opportunities Trust - T-REX 2X Long AXTI Daily Target ETF), in the Financial Services sector, (Asset Management - Leveraged industry), listed on CBOE.

AXTU is designed for making bullish bets on the stock price of AXT, Inc. (NASDAQ: AXTI) through swap agreements. The objective is to obtain daily leveraged exposure equivalent to 200% of the fund's net assets. To maintain this exposure, daily rebalancing is performed to make adjustments in response to AXTIs daily price movements. As a geared product, the fund is intended as a short-term tactical tool, rather than as a long-term investment vehicle. As a result, returns may deviate from the expected 2x if held for longer than a single day due to compounding. This strategy is high-risk and does not include a defensive position as part of its overall process.

AXTU (ETF Opportunities Trust - T-REX 2X Long AXTI Daily Target ETF) trades in the Financial Services sector, specifically Asset Management - Leveraged, with a market capitalization of approximately $2.8M, a beta of 2.87 versus the broader market, a 52-week range of 7.92-403.7, average daily share volume of 103K, a public-listing history dating back to 2026. These structural characteristics shape how AXTU etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 2.87 indicates AXTU has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position.

What is a cash-secured put on AXTU?

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.

AXTU snapshot

As of November 13, 2026, spot at $9.46, ATM IV 218.00%, expected move 62.50%. The cash-secured put on AXTU 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 AXTU specifically: IV rank is unavailable in the current snapshot, so regime-based timing for AXTU is inferred from ATM IV at 218.00% alone, with a market-implied 1-standard-deviation move of approximately 62.50% (roughly $5.91 on the underlying). The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated AXTU expiries trade a higher absolute premium for lower per-day decay. Position sizing on AXTU should anchor to the underlying notional of $9.46 per share and to the trader's directional view on AXTU etf.

AXTU cash-secured put setup

The AXTU 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 AXTU at $9.46 on that close, the first option leg uses a $9.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AXTU 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 AXTU shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$9.00	$2.25

AXTU cash-secured put risk and reward

Net Premium / Debit: +$225.00
Max Profit (per contract): $225.00
Max Loss (per contract): -$674.00
Breakeven(s): $6.75
Risk / Reward Ratio: 0.334

Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.

AXTU cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on AXTU. 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.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-99.9%	-$674.00
$2.10	-77.8%	-$464.94
$4.19	-55.7%	-$255.89
$6.28	-33.6%	-$46.83
$8.37	-11.5%	+$162.22
$10.46	+10.6%	+$225.00
$12.55	+32.7%	+$225.00
$14.64	+54.8%	+$225.00
$16.73	+76.9%	+$225.00
$18.82	+99.0%	+$225.00

When traders use cash-secured put on AXTU

Cash-secured puts on AXTU earn premium while a trader waits to acquire AXTU etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning AXTU.

AXTU thesis for this cash-secured put

The market-implied 1-standard-deviation range for AXTU extends from approximately $3.55 on the downside to $15.37 on the upside. A AXTU cash-secured put lets a trader earn premium while waiting to acquire AXTU 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, AXTU options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AXTU-specific events.

AXTU 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. AXTU positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move AXTU alongside the broader basket even when AXTU-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on AXTU carry tail risk when realized volatility exceeds the implied move; review historical AXTU earnings reactions and macro stress periods before sizing. Always rebuild the position from current AXTU chain quotes before placing a trade.

Frequently asked questions

What is a cash-secured put on AXTU?: A cash-secured put on AXTU is the cash-secured put strategy applied to AXTU (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 AXTU etf at $9.46 on the November 13, 2026 close, the strikes shown on this page are snapped to the nearest listed AXTU chain strike and the premiums come straight from that session's bid/ask midpoint.
How are AXTU 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 AXTU cash-secured put priced from the November 13, 2026 end-of-day chain at a 30-day expiry (ATM IV 218.00%), the computed maximum profit is $225.00 per contract and the computed maximum loss is -$674.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a AXTU cash-secured put?: The breakeven for the AXTU cash-secured put priced on this page is roughly $6.75 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. The AXTU market-implied 1-standard-deviation expected move in the same options snapshot is approximately 62.50%; 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 AXTU?: Cash-secured puts on AXTU earn premium while a trader waits to acquire AXTU etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning AXTU.
How does current AXTU implied volatility affect this cash-secured put?: Current AXTU ATM IV is 218.00%; IV rank context is unavailable in the current snapshot.