How are IUSG 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 IUSG cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 17.30%), the computed maximum profit is $162.50 per contract and the computed maximum loss is -$18,336.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

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

The breakeven for the IUSG cash-secured put priced on this page is roughly $183.38 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 IUSG market-implied 1-standard-deviation expected move in the same options snapshot is approximately 4.96%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

IUSG ATM IV is at 17.30% with IV rank near 0.99%, 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.

IUSG Cash-Secured Put Strategy

IUSG (iShares Core S&P U.S. Growth ETF), in the Financial Services sector, (Asset Management industry), listed on NASDAQ.

This exchange-traded fund endeavors to replicate the performance of an underlying benchmark. It primarily invests in U.S.-based companies with substantial or moderate market valuations, specifically those identified for their strong growth potential.

IUSG (iShares Core S&P U.S. Growth ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $33.61B, a beta of 1.17 versus the broader market, a 52-week range of 148.39-195.64, average daily share volume of 620K, a public-listing history dating back to 2000. These structural characteristics shape how IUSG etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.17 places IUSG roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. IUSG 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 IUSG?

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.

IUSG snapshot

As of August 14, 2026, spot at $194.11, ATM IV 17.30%, IV rank 0.99%, expected move 4.96%. The cash-secured put on IUSG 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 IUSG specifically: IUSG IV at 17.30% is on the cheap side of its 1-year range, which means a premium-selling IUSG cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 4.96% (roughly $9.63 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 IUSG expiries trade a higher absolute premium for lower per-day decay. Position sizing on IUSG should anchor to the underlying notional of $194.11 per share and to the trader's directional view on IUSG etf.

IUSG cash-secured put setup

The IUSG 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 IUSG at $194.11 on that close, the first option leg uses a $185.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed IUSG 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 IUSG shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$185.00	$1.63

IUSG cash-secured put risk and reward

Net Premium / Debit: +$162.50
Max Profit (per contract): $162.50
Max Loss (per contract): -$18,336.50
Breakeven(s): $183.38
Risk / Reward Ratio: 0.009

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

IUSG cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on IUSG. 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%	-$18,336.50
$42.93	-77.9%	-$14,044.73
$85.85	-55.8%	-$9,752.96
$128.76	-33.7%	-$5,461.19
$171.68	-11.6%	-$1,169.42
$214.60	+10.6%	+$162.50
$257.52	+32.7%	+$162.50
$300.43	+54.8%	+$162.50
$343.35	+76.9%	+$162.50
$386.27	+99.0%	+$162.50

When traders use cash-secured put on IUSG

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

IUSG thesis for this cash-secured put

The market-implied 1-standard-deviation range for IUSG extends from approximately $184.48 on the downside to $203.74 on the upside. A IUSG cash-secured put lets a trader earn premium while waiting to acquire IUSG 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 IUSG IV rank near 0.99% 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 IUSG at 17.30%. As a Financial Services name, IUSG options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to IUSG-specific events.

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

Frequently asked questions

What is a cash-secured put on IUSG?: A cash-secured put on IUSG is the cash-secured put strategy applied to IUSG (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 IUSG etf at $194.11 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed IUSG chain strike and the premiums come straight from that session's bid/ask midpoint.
How are IUSG 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 IUSG cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 17.30%), the computed maximum profit is $162.50 per contract and the computed maximum loss is -$18,336.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a IUSG cash-secured put?: The breakeven for the IUSG cash-secured put priced on this page is roughly $183.38 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 IUSG market-implied 1-standard-deviation expected move in the same options snapshot is approximately 4.96%; 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 IUSG?: Cash-secured puts on IUSG earn premium while a trader waits to acquire IUSG etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning IUSG.
How does current IUSG implied volatility affect this cash-secured put?: IUSG ATM IV is at 17.30% with IV rank near 0.99%, 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.