How are IUSV 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 IUSV cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 11.80%), the computed maximum profit is $20.00 per contract and the computed maximum loss is -$10,979.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

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

The breakeven for the IUSV cash-secured put priced on this page is roughly $109.93 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 IUSV market-implied 1-standard-deviation expected move in the same options snapshot is approximately 3.38%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

IUSV ATM IV is at 11.80% with IV rank near 9.94%, 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.

IUSV Cash-Secured Put Strategy

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

The iShares Core S&P U.S. Value ETF (IUSV) aims to mirror the investment outcomes of a benchmark comprised of American companies. This index specifically targets U.S. stocks, encompassing both large and medium-sized businesses, which are identified by their inherent value attributes.

IUSV (iShares Core S&P U.S. Value ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $27.79B, a beta of 0.84 versus the broader market, a 52-week range of 97.14-114.87, average daily share volume of 695K, a public-listing history dating back to 2000. These structural characteristics shape how IUSV etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.84 places IUSV roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. IUSV 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 IUSV?

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.

IUSV snapshot

As of August 14, 2026, spot at $115.38, ATM IV 11.80%, IV rank 9.94%, expected move 3.38%. The cash-secured put on IUSV 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 IUSV specifically: IUSV IV at 11.80% is on the cheap side of its 1-year range, which means a premium-selling IUSV cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 3.38% (roughly $3.90 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 IUSV expiries trade a higher absolute premium for lower per-day decay. Position sizing on IUSV should anchor to the underlying notional of $115.38 per share and to the trader's directional view on IUSV etf.

IUSV cash-secured put setup

The IUSV 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 IUSV at $115.38 on that close, the first option leg uses a $110.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed IUSV 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 IUSV shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$110.00	$0.20

IUSV cash-secured put risk and reward

Net Premium / Debit: +$20.00
Max Profit (per contract): $20.00
Max Loss (per contract): -$10,979.00
Breakeven(s): $109.93
Risk / Reward Ratio: 0.002

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

IUSV cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on IUSV. 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%	-$10,979.00
$25.52	-77.9%	-$8,427.99
$51.03	-55.8%	-$5,876.99
$76.54	-33.7%	-$3,325.98
$102.05	-11.6%	-$774.98
$127.56	+10.6%	+$20.00
$153.07	+32.7%	+$20.00
$178.58	+54.8%	+$20.00
$204.09	+76.9%	+$20.00
$229.60	+99.0%	+$20.00

When traders use cash-secured put on IUSV

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

IUSV thesis for this cash-secured put

The market-implied 1-standard-deviation range for IUSV extends from approximately $111.48 on the downside to $119.28 on the upside. A IUSV cash-secured put lets a trader earn premium while waiting to acquire IUSV 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 IUSV IV rank near 9.94% 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 IUSV at 11.80%. As a Financial Services name, IUSV options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to IUSV-specific events.

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

Frequently asked questions

What is a cash-secured put on IUSV?: A cash-secured put on IUSV is the cash-secured put strategy applied to IUSV (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 IUSV etf at $115.38 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed IUSV chain strike and the premiums come straight from that session's bid/ask midpoint.
How are IUSV 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 IUSV cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 11.80%), the computed maximum profit is $20.00 per contract and the computed maximum loss is -$10,979.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a IUSV cash-secured put?: The breakeven for the IUSV cash-secured put priced on this page is roughly $109.93 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 IUSV market-implied 1-standard-deviation expected move in the same options snapshot is approximately 3.38%; 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 IUSV?: Cash-secured puts on IUSV earn premium while a trader waits to acquire IUSV etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning IUSV.
How does current IUSV implied volatility affect this cash-secured put?: IUSV ATM IV is at 11.80% with IV rank near 9.94%, 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.