How are COIG 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 COIG cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 75.90%), the computed maximum profit is $85.00 per contract and the computed maximum loss is -$314.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

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

The breakeven for the COIG cash-secured put priced on this page is roughly $3.15 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 COIG market-implied 1-standard-deviation expected move is approximately 21.76%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

COIG ATM IV is at 75.90% with IV rank near 17.74%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.

COIG Cash-Secured Put Strategy

COIG (Leverage Shares 2x Long COIN Daily ETF), in the Financial Services sector, (Asset Management - Leveraged industry), listed on NASDAQ.

The Leverage Shares 2x Long COIN Daily ETF, known by its ticker COIG, is a bullish, daily leveraged exchange-traded fund designed for active investors. Its primary objective is to provide two hundred percent (2x) of the daily performance of the underlying COIN stock, aiming to amplify short-term results for those who trade frequently, all before accounting for its operational fees and expenses.

COIG (Leverage Shares 2x Long COIN Daily ETF) trades in the Financial Services sector, specifically Asset Management - Leveraged, with a market capitalization of approximately $704,628, a beta of 4.06 versus the broader market, a 52-week range of 3.82-71.989, average daily share volume of 130K, a public-listing history dating back to 2025. These structural characteristics shape how COIG etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 4.06 indicates COIG 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 COIG?

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 COIG snapshot

As of June 30, 2026, spot at $4.17, ATM IV 75.90%, IV rank 17.74%, expected move 21.76%. The cash-secured put on COIG 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 52-day expiry.

Why this cash-secured put structure on COIG specifically: COIG IV at 75.90% is on the cheap side of its 1-year range, which means a premium-selling COIG cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 21.76% (roughly $0.91 on the underlying). The 52-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated COIG expiries trade a higher absolute premium for lower per-day decay. Position sizing on COIG should anchor to the underlying notional of $4.17 per share and to the trader's directional view on COIG etf.

COIG cash-secured put setup

The COIG 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 COIG near $4.17, the first option leg uses a $4.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed COIG chain at a 52-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 COIG shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$4.00	$0.85

COIG cash-secured put risk and reward

Net Premium / Debit: +$85.00
Max Profit (per contract): $85.00
Max Loss (per contract): -$314.00
Breakeven(s): $3.15
Risk / Reward Ratio: 0.271

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

COIG cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on COIG. 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	-99.8%	-$314.00
$0.93	-77.7%	-$221.91
$1.85	-55.6%	-$129.82
$2.77	-33.5%	-$37.73
$3.69	-11.4%	+$54.36
$4.61	+10.7%	+$85.00
$5.54	+32.7%	+$85.00
$6.46	+54.8%	+$85.00
$7.38	+76.9%	+$85.00
$8.30	+99.0%	+$85.00

When traders use cash-secured put on COIG

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

COIG thesis for this cash-secured put

The market-implied 1-standard-deviation range for COIG extends from approximately $3.26 on the downside to $5.08 on the upside. A COIG cash-secured put lets a trader earn premium while waiting to acquire COIG 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 COIG IV rank near 17.74% sits in the lower third of its 1-year distribution, where IV often re-expands toward the mean; this favors premium-buying structures and disadvantages premium-selling structures on COIG at 75.90%. As a Financial Services name, COIG options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to COIG-specific events.

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

Frequently asked questions

What is a cash-secured put on COIG?: A cash-secured put on COIG is the cash-secured put strategy applied to COIG (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 COIG etf trading near $4.17, the strikes shown on this page are snapped to the nearest listed COIG chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are COIG 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 COIG cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 75.90%), the computed maximum profit is $85.00 per contract and the computed maximum loss is -$314.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a COIG cash-secured put?: The breakeven for the COIG cash-secured put priced on this page is roughly $3.15 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 COIG market-implied 1-standard-deviation expected move is approximately 21.76%; 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 COIG?: Cash-secured puts on COIG earn premium while a trader waits to acquire COIG etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning COIG.
How does current COIG implied volatility affect this cash-secured put?: COIG ATM IV is at 75.90% with IV rank near 17.74%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.