How are MTYY 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 MTYY cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 56.90%), the computed maximum profit is $130.00 per contract and the computed maximum loss is -$1,569.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

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

The breakeven for the MTYY cash-secured put priced on this page is roughly $15.70 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 MTYY market-implied 1-standard-deviation expected move in the same options snapshot is approximately 16.31%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

MTYY ATM IV is at 56.90% with IV rank near 7.48%, 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.

MTYY Cash-Secured Put Strategy

MTYY (GraniteShares YieldBOOST MSTR ETF), in the Financial Services sector, (Asset Management - Leveraged industry), listed on NASDAQ.

The primary goal of this Fund is to generate current income for its investors. Its secondary objective is to provide exposure to the daily performance of MicroStrategy Inc. (MSTR) common stock. This is achieved by investing in other U.S.-regulated exchange-traded funds (ETFs) which are designed to deliver two times (200%) the daily percentage movement of MSTR shares, though there is a predetermined cap on the potential investment gains.

MTYY (GraniteShares YieldBOOST MSTR ETF) trades in the Financial Services sector, specifically Asset Management - Leveraged, with a market capitalization of approximately $1.5M, a beta of 0.69 versus the broader market, a 52-week range of 17.605-151.02, average daily share volume of 3K, a public-listing history dating back to 2025. These structural characteristics shape how MTYY etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.69 indicates MTYY has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. MTYY 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 MTYY?

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.

MTYY snapshot

As of August 14, 2026, spot at $17.55, ATM IV 56.90%, IV rank 7.48%, expected move 16.31%. The cash-secured put on MTYY 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 MTYY specifically: MTYY IV at 56.90% is on the cheap side of its 1-year range, which means a premium-selling MTYY cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 16.31% (roughly $2.86 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 MTYY expiries trade a higher absolute premium for lower per-day decay. Position sizing on MTYY should anchor to the underlying notional of $17.55 per share and to the trader's directional view on MTYY etf.

MTYY cash-secured put setup

The MTYY 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 MTYY at $17.55 on that close, the first option leg uses a $17.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed MTYY 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 MTYY shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$17.00	$1.30

MTYY cash-secured put risk and reward

Net Premium / Debit: +$130.00
Max Profit (per contract): $130.00
Max Loss (per contract): -$1,569.00
Breakeven(s): $15.70
Risk / Reward Ratio: 0.083

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

MTYY cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on MTYY. 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	-99.9%	-$1,569.00
$3.89	-77.8%	-$1,181.07
$7.77	-55.7%	-$793.14
$11.65	-33.6%	-$405.21
$15.53	-11.5%	-$17.28
$19.41	+10.6%	+$130.00
$23.29	+32.7%	+$130.00
$27.17	+54.8%	+$130.00
$31.04	+76.9%	+$130.00
$34.92	+99.0%	+$130.00

When traders use cash-secured put on MTYY

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

MTYY thesis for this cash-secured put

The market-implied 1-standard-deviation range for MTYY extends from approximately $14.69 on the downside to $20.41 on the upside. A MTYY cash-secured put lets a trader earn premium while waiting to acquire MTYY 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 MTYY IV rank near 7.48% 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 MTYY at 56.90%. As a Financial Services name, MTYY options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to MTYY-specific events.

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

Frequently asked questions

What is a cash-secured put on MTYY?: A cash-secured put on MTYY is the cash-secured put strategy applied to MTYY (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 MTYY etf at $17.55 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed MTYY chain strike and the premiums come straight from that session's bid/ask midpoint.
How are MTYY 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 MTYY cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 56.90%), the computed maximum profit is $130.00 per contract and the computed maximum loss is -$1,569.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a MTYY cash-secured put?: The breakeven for the MTYY cash-secured put priced on this page is roughly $15.70 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 MTYY market-implied 1-standard-deviation expected move in the same options snapshot is approximately 16.31%; 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 MTYY?: Cash-secured puts on MTYY earn premium while a trader waits to acquire MTYY etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning MTYY.
How does current MTYY implied volatility affect this cash-secured put?: MTYY ATM IV is at 56.90% with IV rank near 7.48%, 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.