How are METV 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 METV cash-secured put priced from the September 30, 2026 end-of-day chain at a 30-day expiry (ATM IV 234.90%), the computed maximum profit is $12.00 per contract and the computed maximum loss is -$1,987.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

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

The breakeven for the METV cash-secured put priced on this page is roughly $19.88 at expiration, derived from the September 30, 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 METV market-implied 1-standard-deviation expected move in the same options snapshot is approximately 67.34%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

METV ATM IV is at 234.90% with IV rank near 46.96%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.

METV Cash-Secured Put Strategy

METV (Roundhill Ball Metaverse ETF), in the Financial Services sector, (Asset Management industry), listed on AMEX.

Roundhill anticipates the Metaverse will evolve into the successor of the current internet, creating a unified experience that bridges the virtual and physical worlds. The Roundhill Ball Metaverse ETF (METV) stands as the world's preeminent and largest fund dedicated to the Metaverse. Its objective is to replicate the performance of the Ball Metaverse Index.

METV (Roundhill Ball Metaverse ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $240.3M, a beta of 1.41 versus the broader market, a 52-week range of 15.165-21.86, average daily share volume of 53K, a public-listing history dating back to 2021. These structural characteristics shape how METV etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.41 indicates METV has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. METV 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 METV?

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.

METV snapshot

As of September 30, 2026, spot at $20.95, ATM IV 234.90%, IV rank 46.96%, expected move 67.34%. The cash-secured put on METV below is built from the September 30, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 16-day expiry.

Why this cash-secured put structure on METV specifically: METV IV at 234.90% is mid-range versus its 1-year history, so the credit collected on a METV cash-secured put sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 67.34% (roughly $14.11 on the underlying). The 16-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated METV expiries trade a higher absolute premium for lower per-day decay. Position sizing on METV should anchor to the underlying notional of $20.95 per share and to the trader's directional view on METV etf.

METV cash-secured put setup

The METV cash-secured put below is built from the September 30, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With METV at $20.95 on that close, the first option leg uses a $20.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed METV chain at a 16-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 METV shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$20.00	$0.12

METV cash-secured put risk and reward

Net Premium / Debit: +$12.00
Max Profit (per contract): $12.00
Max Loss (per contract): -$1,987.00
Breakeven(s): $19.88
Risk / Reward Ratio: 0.006

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

METV cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on METV. 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%	-$1,987.00
$4.64	-77.8%	-$1,523.89
$9.27	-55.7%	-$1,060.79
$13.90	-33.6%	-$597.68
$18.53	-11.5%	-$134.58
$23.17	+10.6%	+$12.00
$27.80	+32.7%	+$12.00
$32.43	+54.8%	+$12.00
$37.06	+76.9%	+$12.00
$41.69	+99.0%	+$12.00

When traders use cash-secured put on METV

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

METV thesis for this cash-secured put

The market-implied 1-standard-deviation range for METV extends from approximately $6.84 on the downside to $35.06 on the upside. A METV cash-secured put lets a trader earn premium while waiting to acquire METV 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 METV IV rank near 46.96% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put thesis on METV should anchor more to the directional view and the expected-move geometry. As a Financial Services name, METV options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to METV-specific events.

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

Frequently asked questions

What is a cash-secured put on METV?: A cash-secured put on METV is the cash-secured put strategy applied to METV (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 METV etf at $20.95 on the September 30, 2026 close, the strikes shown on this page are snapped to the nearest listed METV chain strike and the premiums come straight from that session's bid/ask midpoint.
How are METV 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 METV cash-secured put priced from the September 30, 2026 end-of-day chain at a 30-day expiry (ATM IV 234.90%), the computed maximum profit is $12.00 per contract and the computed maximum loss is -$1,987.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a METV cash-secured put?: The breakeven for the METV cash-secured put priced on this page is roughly $19.88 at expiration, derived from the September 30, 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 METV market-implied 1-standard-deviation expected move in the same options snapshot is approximately 67.34%; 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 METV?: Cash-secured puts on METV earn premium while a trader waits to acquire METV etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning METV.
How does current METV implied volatility affect this cash-secured put?: METV ATM IV is at 234.90% with IV rank near 46.96%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.