How are DIG 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 DIG cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 48.60%), the computed maximum profit is $220.00 per contract and the computed maximum loss is -$5,779.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

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

The breakeven for the DIG cash-secured put priced on this page is roughly $57.80 at expiration, derived from the August 14, 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 DIG market-implied 1-standard-deviation expected move in the same options snapshot is approximately 13.93%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

DIG ATM IV is at 48.60% with IV rank near 42.83%, 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.

DIG Cash-Secured Put Strategy

DIG (ProShares - Ultra Energy), in the Financial Services sector, (Asset Management - Leveraged industry), listed on AMEX.

The ProShares Ultra Energy fund is engineered to offer daily returns that are double the daily performance of the S&P Energy Select Sector Index. This objective is pursued prior to the deduction of any fees or expenses.

DIG (ProShares - Ultra Energy) trades in the Financial Services sector, specifically Asset Management - Leveraged, with a market capitalization of approximately $67.0M, a beta of -0.03 versus the broader market, a 52-week range of 32.7-71.52, average daily share volume of 42K, a public-listing history dating back to 2007. These structural characteristics shape how DIG etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of -0.03 indicates DIG has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. DIG 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 DIG?

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.

DIG snapshot

As of August 14, 2026, spot at $65.77, ATM IV 48.60%, IV rank 42.83%, expected move 13.93%. The cash-secured put on DIG below is built from the August 14, 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 DIG specifically: DIG IV at 48.60% is mid-range versus its 1-year history, so the credit collected on a DIG cash-secured put sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 13.93% (roughly $9.16 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 DIG expiries trade a higher absolute premium for lower per-day decay. Position sizing on DIG should anchor to the underlying notional of $65.77 per share and to the trader's directional view on DIG etf.

DIG cash-secured put setup

The DIG cash-secured put below is built from the August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With DIG at $65.77 on that close, the first option leg uses a $60.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed DIG 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 DIG shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$60.00	$2.20

DIG cash-secured put risk and reward

Net Premium / Debit: +$220.00
Max Profit (per contract): $220.00
Max Loss (per contract): -$5,779.00
Breakeven(s): $57.80
Risk / Reward Ratio: 0.038

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

DIG cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on DIG. 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%	-$5,779.00
$14.55	-77.9%	-$4,324.90
$29.09	-55.8%	-$2,870.80
$43.63	-33.7%	-$1,416.70
$58.17	-11.5%	+$37.40
$72.72	+10.6%	+$220.00
$87.26	+32.7%	+$220.00
$101.80	+54.8%	+$220.00
$116.34	+76.9%	+$220.00
$130.88	+99.0%	+$220.00

When traders use cash-secured put on DIG

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

DIG thesis for this cash-secured put

The market-implied 1-standard-deviation range for DIG extends from approximately $56.61 on the downside to $74.93 on the upside. A DIG cash-secured put lets a trader earn premium while waiting to acquire DIG 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 DIG IV rank near 42.83% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put thesis on DIG should anchor more to the directional view and the expected-move geometry. As a Financial Services name, DIG options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to DIG-specific events.

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

Frequently asked questions

What is a cash-secured put on DIG?: A cash-secured put on DIG is the cash-secured put strategy applied to DIG (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 DIG etf at $65.77 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed DIG chain strike and the premiums come straight from that session's bid/ask midpoint.
How are DIG 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 DIG cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 48.60%), the computed maximum profit is $220.00 per contract and the computed maximum loss is -$5,779.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a DIG cash-secured put?: The breakeven for the DIG cash-secured put priced on this page is roughly $57.80 at expiration, derived from the August 14, 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 DIG market-implied 1-standard-deviation expected move in the same options snapshot is approximately 13.93%; 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 DIG?: Cash-secured puts on DIG earn premium while a trader waits to acquire DIG etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning DIG.
How does current DIG implied volatility affect this cash-secured put?: DIG ATM IV is at 48.60% with IV rank near 42.83%, 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.