How are ECH 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 ECH cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 155.10%), the computed maximum profit is $43.00 per contract and the computed maximum loss is -$3,756.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

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

The breakeven for the ECH cash-secured put priced on this page is roughly $37.57 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 ECH market-implied 1-standard-deviation expected move is approximately 44.47%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

ECH ATM IV is at 155.10% with IV rank near 100.00%, which is elevated relative to its 1-year range. Premium-selling structures (covered call, cash-secured put, iron condor) generally look more attractive when IV rank is high; premium-buying structures (long call, long put, debit spreads) are more expensive in that regime.

ECH Cash-Secured Put Strategy

ECH (iShares MSCI Chile ETF), in the Financial Services sector, (Asset Management industry), listed on CBOE.

iShares, Inc. - iShares MSCI Chile ETF is an exchange traded fund launched by BlackRock, Inc. It is managed by BlackRock Fund Advisors. The fund invests in public equity markets of Chile. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to track the performance of the MSCI Chile IMI 25/50 Index, by using representative sampling technique. iShares, Inc. - iShares MSCI Chile ETF was formed on November 12, 2007 and is domiciled in the United States.

ECH (iShares MSCI Chile ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $1.06B, a beta of 1.04 versus the broader market, a 52-week range of 29.28-47.85, average daily share volume of 555K, a public-listing history dating back to 2007. These structural characteristics shape how ECH etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.04 places ECH roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. ECH 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 ECH?

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 ECH snapshot

As of June 30, 2026, spot at $39.62, ATM IV 155.10%, IV rank 100.00%, expected move 44.47%. The cash-secured put on ECH 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 ECH specifically: ECH IV at 155.10% is rich versus its 1-year range, which favors premium-selling structures like a ECH cash-secured put, with a market-implied 1-standard-deviation move of approximately 44.47% (roughly $17.62 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 ECH expiries trade a higher absolute premium for lower per-day decay. Position sizing on ECH should anchor to the underlying notional of $39.62 per share and to the trader's directional view on ECH etf.

ECH cash-secured put setup

The ECH 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 ECH near $39.62, the first option leg uses a $38.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ECH 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 ECH shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$38.00	$0.43

ECH cash-secured put risk and reward

Net Premium / Debit: +$43.00
Max Profit (per contract): $43.00
Max Loss (per contract): -$3,756.00
Breakeven(s): $37.57
Risk / Reward Ratio: 0.011

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

ECH cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on ECH. 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%	-$3,756.00
$8.77	-77.9%	-$2,880.09
$17.53	-55.8%	-$2,004.18
$26.29	-33.7%	-$1,128.27
$35.05	-11.5%	-$252.36
$43.81	+10.6%	+$43.00
$52.56	+32.7%	+$43.00
$61.32	+54.8%	+$43.00
$70.08	+76.9%	+$43.00
$78.84	+99.0%	+$43.00

When traders use cash-secured put on ECH

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

ECH thesis for this cash-secured put

The market-implied 1-standard-deviation range for ECH extends from approximately $22.00 on the downside to $57.24 on the upside. A ECH cash-secured put lets a trader earn premium while waiting to acquire ECH 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 ECH IV rank near 100.00% sits in the upper third of its 1-year distribution, which historically reverts; this raises the bar for premium-buying structures and lowers it for premium-selling structures on ECH at 155.10%. As a Financial Services name, ECH options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ECH-specific events.

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

Frequently asked questions

What is a cash-secured put on ECH?: A cash-secured put on ECH is the cash-secured put strategy applied to ECH (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 ECH etf trading near $39.62, the strikes shown on this page are snapped to the nearest listed ECH chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are ECH 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 ECH cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 155.10%), the computed maximum profit is $43.00 per contract and the computed maximum loss is -$3,756.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a ECH cash-secured put?: The breakeven for the ECH cash-secured put priced on this page is roughly $37.57 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 ECH market-implied 1-standard-deviation expected move is approximately 44.47%; 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 ECH?: Cash-secured puts on ECH earn premium while a trader waits to acquire ECH etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning ECH.
How does current ECH implied volatility affect this cash-secured put?: ECH ATM IV is at 155.10% with IV rank near 100.00%, which is elevated relative to its 1-year range. Premium-selling structures (covered call, cash-secured put, iron condor) generally look more attractive when IV rank is high; premium-buying structures (long call, long put, debit spreads) are more expensive in that regime.