How are IBOT 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 IBOT cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 33.70%), the computed maximum profit is $122.50 per contract and the computed maximum loss is -$6,276.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

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

The breakeven for the IBOT cash-secured put priced on this page is roughly $62.78 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 IBOT market-implied 1-standard-deviation expected move is approximately 9.66%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

IBOT ATM IV is at 33.70% with IV rank near 13.01%, 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.

IBOT Cash-Secured Put Strategy

IBOT (VanEck Robotics ETF), in the Financial Services sector, (Asset Management industry), listed on NASDAQ.

The VanEck Robotics ETF (IBOT) aims to closely mirror the financial performance—including both capital appreciation and income—of the BlueStar Robotics Index. This replication occurs before factoring in the ETF's fees and expenses. The BlueStar Robotics Index itself serves as a benchmark for the collective market performance of companies operating in the burgeoning robotics sector.

IBOT (VanEck Robotics ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $26.9M, a beta of 1.57 versus the broader market, a 52-week range of 45.55-69.4, average daily share volume of 21K, a public-listing history dating back to 2023. These structural characteristics shape how IBOT etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.57 indicates IBOT has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. IBOT 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 IBOT?

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 IBOT snapshot

As of June 29, 2026, spot at $66.97, ATM IV 33.70%, IV rank 13.01%, expected move 9.66%. The cash-secured put on IBOT 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 18-day expiry.

Why this cash-secured put structure on IBOT specifically: IBOT IV at 33.70% is on the cheap side of its 1-year range, which means a premium-selling IBOT cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 9.66% (roughly $6.47 on the underlying). The 18-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated IBOT expiries trade a higher absolute premium for lower per-day decay. Position sizing on IBOT should anchor to the underlying notional of $66.97 per share and to the trader's directional view on IBOT etf.

IBOT cash-secured put setup

The IBOT 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 IBOT near $66.97, the first option leg uses a $64.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed IBOT chain at a 18-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 IBOT shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$64.00	$1.23

IBOT cash-secured put risk and reward

Net Premium / Debit: +$122.50
Max Profit (per contract): $122.50
Max Loss (per contract): -$6,276.50
Breakeven(s): $62.78
Risk / Reward Ratio: 0.020

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

IBOT cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on IBOT. 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%	-$6,276.50
$14.82	-77.9%	-$4,795.87
$29.62	-55.8%	-$3,315.23
$44.43	-33.7%	-$1,834.60
$59.24	-11.5%	-$353.97
$74.04	+10.6%	+$122.50
$88.85	+32.7%	+$122.50
$103.65	+54.8%	+$122.50
$118.46	+76.9%	+$122.50
$133.27	+99.0%	+$122.50

When traders use cash-secured put on IBOT

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

IBOT thesis for this cash-secured put

The market-implied 1-standard-deviation range for IBOT extends from approximately $60.50 on the downside to $73.44 on the upside. A IBOT cash-secured put lets a trader earn premium while waiting to acquire IBOT 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 IBOT IV rank near 13.01% 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 IBOT at 33.70%. As a Financial Services name, IBOT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to IBOT-specific events.

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

Frequently asked questions

What is a cash-secured put on IBOT?: A cash-secured put on IBOT is the cash-secured put strategy applied to IBOT (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 IBOT etf trading near $66.97, the strikes shown on this page are snapped to the nearest listed IBOT chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are IBOT 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 IBOT cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 33.70%), the computed maximum profit is $122.50 per contract and the computed maximum loss is -$6,276.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a IBOT cash-secured put?: The breakeven for the IBOT cash-secured put priced on this page is roughly $62.78 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 IBOT market-implied 1-standard-deviation expected move is approximately 9.66%; 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 IBOT?: Cash-secured puts on IBOT earn premium while a trader waits to acquire IBOT etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning IBOT.
How does current IBOT implied volatility affect this cash-secured put?: IBOT ATM IV is at 33.70% with IV rank near 13.01%, 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.