IDGT Cash-Secured Put Strategy
IDGT (iShares U.S. Digital Infrastructure and Real Estate ETF), in the Financial Services sector, (Asset Management industry), listed on AMEX.
iShares Trust - iShares U.S. Digital Infrastructure and Real Estate 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 the United States. The fund invests in stocks of companies operating across information technology, software and services, software, application software, office and home productivity software, networking and telecommunications software, technology hardware and equipment, communications equipment, telephone and telecommunications equipment, networking equipment, communication services, telecommunication services sectors. The fund invests in growth and value stocks of companies across diversified market capitalization.
IDGT (iShares U.S. Digital Infrastructure and Real Estate ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $164.9M, a beta of 1.15 versus the broader market, a 52-week range of 81.06-133.05, average daily share volume of 66K, a public-listing history dating back to 2001. These structural characteristics shape how IDGT etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.15 places IDGT roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. IDGT 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 IDGT?
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 IDGT snapshot
As of June 30, 2026, spot at $119.84, ATM IV 31.80%, IV rank 88.75%, expected move 9.12%. The cash-secured put on IDGT 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 IDGT specifically: IDGT IV at 31.80% is rich versus its 1-year range, which favors premium-selling structures like a IDGT cash-secured put, with a market-implied 1-standard-deviation move of approximately 9.12% (roughly $10.93 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 IDGT expiries trade a higher absolute premium for lower per-day decay. Position sizing on IDGT should anchor to the underlying notional of $119.84 per share and to the trader's directional view on IDGT etf.
IDGT cash-secured put setup
The IDGT 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 IDGT near $119.84, the first option leg uses a $114.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed IDGT 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 IDGT shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $114.00 | $1.16 |
IDGT cash-secured put risk and reward
- Net Premium / Debit
- +$116.00
- Max Profit (per contract)
- $116.00
- Max Loss (per contract)
- -$11,283.00
- Breakeven(s)
- $112.84
- Risk / Reward Ratio
- 0.010
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
IDGT cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on IDGT. 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% | -$11,283.00 |
| $26.51 | -77.9% | -$8,633.38 |
| $53.00 | -55.8% | -$5,983.76 |
| $79.50 | -33.7% | -$3,334.15 |
| $105.99 | -11.6% | -$684.53 |
| $132.49 | +10.6% | +$116.00 |
| $158.99 | +32.7% | +$116.00 |
| $185.48 | +54.8% | +$116.00 |
| $211.98 | +76.9% | +$116.00 |
| $238.48 | +99.0% | +$116.00 |
When traders use cash-secured put on IDGT
Cash-secured puts on IDGT earn premium while a trader waits to acquire IDGT etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning IDGT.
IDGT thesis for this cash-secured put
The market-implied 1-standard-deviation range for IDGT extends from approximately $108.91 on the downside to $130.77 on the upside. A IDGT cash-secured put lets a trader earn premium while waiting to acquire IDGT 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 IDGT IV rank near 88.75% 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 IDGT at 31.80%. As a Financial Services name, IDGT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to IDGT-specific events.
IDGT 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. IDGT positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move IDGT alongside the broader basket even when IDGT-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on IDGT carry tail risk when realized volatility exceeds the implied move; review historical IDGT earnings reactions and macro stress periods before sizing. Always rebuild the position from current IDGT chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on IDGT?
- A cash-secured put on IDGT is the cash-secured put strategy applied to IDGT (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 IDGT etf trading near $119.84, the strikes shown on this page are snapped to the nearest listed IDGT chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are IDGT 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 IDGT cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 31.80%), the computed maximum profit is $116.00 per contract and the computed maximum loss is -$11,283.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a IDGT cash-secured put?
- The breakeven for the IDGT cash-secured put priced on this page is roughly $112.84 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 IDGT market-implied 1-standard-deviation expected move is approximately 9.12%; 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 IDGT?
- Cash-secured puts on IDGT earn premium while a trader waits to acquire IDGT etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning IDGT.
- How does current IDGT implied volatility affect this cash-secured put?
- IDGT ATM IV is at 31.80% with IV rank near 88.75%, 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.