MEME Cash-Secured Put Strategy
MEME (Roundhill Investments - Meme Stock ETF), in the Financial Services sector, (Asset Management industry), listed on AMEX.
Meme stocks represent a unique force in today’s markets, where retail participation and rapid sentiment shifts can drive extreme volatility. The Roundhill Meme Stock ETF (“MEME”) is the only ETF in the world to offer targeted exposure to meme stocks. MEME is an actively managed ETF.
MEME (Roundhill Investments - Meme Stock ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $751,688, a beta of 3.20 versus the broader market, a 52-week range of 5.325-11.47, average daily share volume of 171K, a public-listing history dating back to 2021. These structural characteristics shape how MEME etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 3.20 indicates MEME has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position.
What is a cash-secured put on MEME?
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 MEME snapshot
As of May 15, 2026, spot at $9.96, ATM IV 74.00%, IV rank 26.45%, expected move 21.22%. The cash-secured put on MEME 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 34-day expiry.
Why this cash-secured put structure on MEME specifically: MEME IV at 74.00% is on the cheap side of its 1-year range, which means a premium-selling MEME cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 21.22% (roughly $2.11 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated MEME expiries trade a higher absolute premium for lower per-day decay. Position sizing on MEME should anchor to the underlying notional of $9.96 per share and to the trader's directional view on MEME etf.
MEME cash-secured put setup
The MEME 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 MEME near $9.96, the first option leg uses a $9.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed MEME chain at a 34-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 MEME shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $9.00 | $0.63 |
MEME cash-secured put risk and reward
- Net Premium / Debit
- +$62.50
- Max Profit (per contract)
- $62.50
- Max Loss (per contract)
- -$836.50
- Breakeven(s)
- $8.38
- Risk / Reward Ratio
- 0.075
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
MEME cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on MEME. 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 | -99.9% | -$836.50 |
| $2.21 | -77.8% | -$616.39 |
| $4.41 | -55.7% | -$396.28 |
| $6.61 | -33.6% | -$176.17 |
| $8.81 | -11.5% | +$43.94 |
| $11.02 | +10.6% | +$62.50 |
| $13.22 | +32.7% | +$62.50 |
| $15.42 | +54.8% | +$62.50 |
| $17.62 | +76.9% | +$62.50 |
| $19.82 | +99.0% | +$62.50 |
When traders use cash-secured put on MEME
Cash-secured puts on MEME earn premium while a trader waits to acquire MEME etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning MEME.
MEME thesis for this cash-secured put
The market-implied 1-standard-deviation range for MEME extends from approximately $7.85 on the downside to $12.07 on the upside. A MEME cash-secured put lets a trader earn premium while waiting to acquire MEME 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 MEME IV rank near 26.45% 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 MEME at 74.00%. As a Financial Services name, MEME options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to MEME-specific events.
MEME 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. MEME positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move MEME alongside the broader basket even when MEME-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on MEME carry tail risk when realized volatility exceeds the implied move; review historical MEME earnings reactions and macro stress periods before sizing. Always rebuild the position from current MEME chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on MEME?
- A cash-secured put on MEME is the cash-secured put strategy applied to MEME (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 MEME etf trading near $9.96, the strikes shown on this page are snapped to the nearest listed MEME chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are MEME 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 MEME cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 74.00%), the computed maximum profit is $62.50 per contract and the computed maximum loss is -$836.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a MEME cash-secured put?
- The breakeven for the MEME cash-secured put priced on this page is roughly $8.38 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 MEME market-implied 1-standard-deviation expected move is approximately 21.22%; 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 MEME?
- Cash-secured puts on MEME earn premium while a trader waits to acquire MEME etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning MEME.
- How does current MEME implied volatility affect this cash-secured put?
- MEME ATM IV is at 74.00% with IV rank near 26.45%, 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.