DTH Cash-Secured Put Strategy
DTH (WisdomTree International High Dividend Fund), in the Financial Services sector, (Asset Management - Income industry), listed on AMEX.
The WisdomTree International High Dividend Fund typically allocates at least 95% of its total assets (excluding any collateral from securities lending) to either the direct constituents of its benchmark index or investments that offer economic exposures highly similar to those components. This underlying index is fundamentally weighted and is composed of companies known for their high dividend yields, which are selected from the broader WisdomTree International Equity Index. It is important to note that this fund operates as a non-diversified investment vehicle.
DTH (WisdomTree International High Dividend Fund) trades in the Financial Services sector, specifically Asset Management - Income, with a market capitalization of approximately $632.2M, a beta of 0.77 versus the broader market, a 52-week range of 46.43-58.51, average daily share volume of 50K, a public-listing history dating back to 2006. These structural characteristics shape how DTH etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.77 places DTH roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. DTH 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 DTH?
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.
DTH snapshot
As of August 14, 2026, spot at $58.35, ATM IV 30.00%, IV rank 23.29%, expected move 8.60%. The cash-secured put on DTH 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 DTH specifically: DTH IV at 30.00% is on the cheap side of its 1-year range, which means a premium-selling DTH cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 8.60% (roughly $5.02 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 DTH expiries trade a higher absolute premium for lower per-day decay. Position sizing on DTH should anchor to the underlying notional of $58.35 per share and to the trader's directional view on DTH etf.
DTH cash-secured put setup
The DTH 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 DTH at $58.35 on that close, the first option leg uses a $55.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed DTH 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 DTH shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $55.00 | $0.83 |
DTH cash-secured put risk and reward
- Net Premium / Debit
- +$83.00
- Max Profit (per contract)
- $83.00
- Max Loss (per contract)
- -$5,416.00
- Breakeven(s)
- $54.17
- Risk / Reward Ratio
- 0.015
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
DTH cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on DTH. 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% | -$5,416.00 |
| $12.91 | -77.9% | -$4,125.96 |
| $25.81 | -55.8% | -$2,835.92 |
| $38.71 | -33.7% | -$1,545.88 |
| $51.61 | -11.5% | -$255.84 |
| $64.51 | +10.6% | +$83.00 |
| $77.41 | +32.7% | +$83.00 |
| $90.31 | +54.8% | +$83.00 |
| $103.21 | +76.9% | +$83.00 |
| $116.11 | +99.0% | +$83.00 |
When traders use cash-secured put on DTH
Cash-secured puts on DTH earn premium while a trader waits to acquire DTH etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning DTH.
DTH thesis for this cash-secured put
The market-implied 1-standard-deviation range for DTH extends from approximately $53.33 on the downside to $63.37 on the upside. A DTH cash-secured put lets a trader earn premium while waiting to acquire DTH 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 DTH IV rank near 23.29% 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 DTH at 30.00%. As a Financial Services name, DTH options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to DTH-specific events.
DTH 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. DTH positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move DTH alongside the broader basket even when DTH-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on DTH carry tail risk when realized volatility exceeds the implied move; review historical DTH earnings reactions and macro stress periods before sizing. Always rebuild the position from current DTH chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on DTH?
- A cash-secured put on DTH is the cash-secured put strategy applied to DTH (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 DTH etf at $58.35 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed DTH chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are DTH 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 DTH cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 30.00%), the computed maximum profit is $83.00 per contract and the computed maximum loss is -$5,416.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a DTH cash-secured put?
- The breakeven for the DTH cash-secured put priced on this page is roughly $54.17 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 DTH market-implied 1-standard-deviation expected move in the same options snapshot is approximately 8.60%; 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 DTH?
- Cash-secured puts on DTH earn premium while a trader waits to acquire DTH etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning DTH.
- How does current DTH implied volatility affect this cash-secured put?
- DTH ATM IV is at 30.00% with IV rank near 23.29%, 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.