How are MVLL 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 MVLL cash-secured put priced from the September 29, 2026 end-of-day chain at a 30-day expiry (ATM IV 135.50%), the computed maximum profit is $290.00 per contract and the computed maximum loss is -$3,009.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

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

The breakeven for the MVLL cash-secured put priced on this page is roughly $30.10 at expiration, derived from the September 29, 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 MVLL market-implied 1-standard-deviation expected move in the same options snapshot is approximately 38.85%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

MVLL ATM IV is at 135.50% with IV rank near 28.57%, 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.

MVLL Cash-Secured Put Strategy

MVLL (GraniteShares 2x Long MRVL Daily ETF), in the Financial Services sector, (Asset Management - Leveraged industry), listed on NASDAQ.

This ETF aims to deliver daily investment results, prior to accounting for fees and expenses, that are two times (200%) the daily percentage movement of Marvell Technology, Inc.'s (NASDAQ: MRVL) common stock. It is important to note that the fund's ability to consistently achieve this stated objective is not guaranteed. Furthermore, for investment periods extending beyond a single day, one should not anticipate that the fund's cumulative returns will precisely double those of MRVL.

MVLL (GraniteShares 2x Long MRVL Daily ETF) trades in the Financial Services sector, specifically Asset Management - Leveraged, with a market capitalization of approximately $429.9M, a beta of 8.34 versus the broader market, a 52-week range of 4.825-77.67, average daily share volume of 5.5M, a public-listing history dating back to 2025. These structural characteristics shape how MVLL etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 8.34 indicates MVLL 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 MVLL?

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.

MVLL snapshot

As of September 29, 2026, spot at $35.20, ATM IV 135.50%, IV rank 28.57%, expected move 38.85%. The cash-secured put on MVLL below is built from the September 29, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 17-day expiry.

Why this cash-secured put structure on MVLL specifically: MVLL IV at 135.50% is on the cheap side of its 1-year range, which means a premium-selling MVLL cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 38.85% (roughly $13.67 on the underlying). The 17-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated MVLL expiries trade a higher absolute premium for lower per-day decay. Position sizing on MVLL should anchor to the underlying notional of $35.20 per share and to the trader's directional view on MVLL etf.

MVLL cash-secured put setup

The MVLL cash-secured put below is built from the September 29, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With MVLL at $35.20 on that close, the first option leg uses a $33.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed MVLL chain at a 17-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 MVLL shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$33.00	$2.90

MVLL cash-secured put risk and reward

Net Premium / Debit: +$290.00
Max Profit (per contract): $290.00
Max Loss (per contract): -$3,009.00
Breakeven(s): $30.10
Risk / Reward Ratio: 0.096

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

MVLL cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on MVLL. 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%	-$3,009.00
$7.79	-77.9%	-$2,230.82
$15.57	-55.8%	-$1,452.64
$23.36	-33.6%	-$674.46
$31.14	-11.5%	+$103.72
$38.92	+10.6%	+$290.00
$46.70	+32.7%	+$290.00
$54.48	+54.8%	+$290.00
$62.26	+76.9%	+$290.00
$70.05	+99.0%	+$290.00

When traders use cash-secured put on MVLL

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

MVLL thesis for this cash-secured put

The market-implied 1-standard-deviation range for MVLL extends from approximately $21.53 on the downside to $48.87 on the upside. A MVLL cash-secured put lets a trader earn premium while waiting to acquire MVLL 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 MVLL IV rank near 28.57% 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 MVLL at 135.50%. As a Financial Services name, MVLL options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to MVLL-specific events.

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

Frequently asked questions

What is a cash-secured put on MVLL?: A cash-secured put on MVLL is the cash-secured put strategy applied to MVLL (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 MVLL etf at $35.20 on the September 29, 2026 close, the strikes shown on this page are snapped to the nearest listed MVLL chain strike and the premiums come straight from that session's bid/ask midpoint.
How are MVLL 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 MVLL cash-secured put priced from the September 29, 2026 end-of-day chain at a 30-day expiry (ATM IV 135.50%), the computed maximum profit is $290.00 per contract and the computed maximum loss is -$3,009.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a MVLL cash-secured put?: The breakeven for the MVLL cash-secured put priced on this page is roughly $30.10 at expiration, derived from the September 29, 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 MVLL market-implied 1-standard-deviation expected move in the same options snapshot is approximately 38.85%; 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 MVLL?: Cash-secured puts on MVLL earn premium while a trader waits to acquire MVLL etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning MVLL.
How does current MVLL implied volatility affect this cash-secured put?: MVLL ATM IV is at 135.50% with IV rank near 28.57%, 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.