How are DGT 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 DGT cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 182.50%), the computed maximum profit is $11.00 per contract and the computed maximum loss is -$17,488.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

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

The breakeven for the DGT cash-secured put priced on this page is roughly $174.89 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 DGT market-implied 1-standard-deviation expected move is approximately 52.32%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

DGT ATM IV is at 182.50% with IV rank near 36.43%, 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.

DGT Cash-Secured Put Strategy

DGT (State Street SPDR Global Dow ETF), in the Financial Services sector, (Asset Management - Global industry), listed on AMEX.

The State Street SPDR Global Dow ETF endeavors to replicate the overall investment performance of the Global Dow Index, before the deduction of fees and expenses. This Index is composed of 150 companies from across the globe, meticulously chosen by the S&P Dow Jones Index Committee. These 150 firms are selected not just for their scale and market standing, but primarily for their substantial impact on the worldwide economy. The Index is specifically constructed to feature corporations from both established and developing nations.

DGT (State Street SPDR Global Dow ETF) trades in the Financial Services sector, specifically Asset Management - Global, with a market capitalization of approximately $627.5M, a beta of 0.87 versus the broader market, a 52-week range of 148.4-189.73, average daily share volume of 16K, a public-listing history dating back to 2000. These structural characteristics shape how DGT etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.87 places DGT roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. DGT 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 DGT?

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 DGT snapshot

As of June 30, 2026, spot at $185.18, ATM IV 182.50%, IV rank 36.43%, expected move 52.32%. The cash-secured put on DGT 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 17-day expiry.

Why this cash-secured put structure on DGT specifically: DGT IV at 182.50% is mid-range versus its 1-year history, so the credit collected on a DGT cash-secured put sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 52.32% (roughly $96.89 on the underlying). The 17-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated DGT expiries trade a higher absolute premium for lower per-day decay. Position sizing on DGT should anchor to the underlying notional of $185.18 per share and to the trader's directional view on DGT etf.

DGT cash-secured put setup

The DGT 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 DGT near $185.18, the first option leg uses a $175.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed DGT chain at a 17-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 DGT shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$175.00	$0.11

DGT cash-secured put risk and reward

Net Premium / Debit: +$11.00
Max Profit (per contract): $11.00
Max Loss (per contract): -$17,488.00
Breakeven(s): $174.89
Risk / Reward Ratio: 0.001

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

DGT cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on DGT. 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	-100.0%	-$17,488.00
$40.95	-77.9%	-$13,393.68
$81.90	-55.8%	-$9,299.36
$122.84	-33.7%	-$5,205.04
$163.78	-11.6%	-$1,110.71
$204.73	+10.6%	+$11.00
$245.67	+32.7%	+$11.00
$286.61	+54.8%	+$11.00
$327.56	+76.9%	+$11.00
$368.50	+99.0%	+$11.00

When traders use cash-secured put on DGT

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

DGT thesis for this cash-secured put

The market-implied 1-standard-deviation range for DGT extends from approximately $88.29 on the downside to $282.07 on the upside. A DGT cash-secured put lets a trader earn premium while waiting to acquire DGT 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 DGT IV rank near 36.43% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put thesis on DGT should anchor more to the directional view and the expected-move geometry. As a Financial Services name, DGT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to DGT-specific events.

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

Frequently asked questions

What is a cash-secured put on DGT?: A cash-secured put on DGT is the cash-secured put strategy applied to DGT (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 DGT etf trading near $185.18, the strikes shown on this page are snapped to the nearest listed DGT chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are DGT 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 DGT cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 182.50%), the computed maximum profit is $11.00 per contract and the computed maximum loss is -$17,488.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a DGT cash-secured put?: The breakeven for the DGT cash-secured put priced on this page is roughly $174.89 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 DGT market-implied 1-standard-deviation expected move is approximately 52.32%; 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 DGT?: Cash-secured puts on DGT earn premium while a trader waits to acquire DGT etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning DGT.
How does current DGT implied volatility affect this cash-secured put?: DGT ATM IV is at 182.50% with IV rank near 36.43%, 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.