How are NEMG 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 NEMG cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 81.60%), the computed maximum profit is $165.00 per contract and the computed maximum loss is -$1,834.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

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

The breakeven for the NEMG cash-secured put priced on this page is roughly $18.35 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 NEMG market-implied 1-standard-deviation expected move in the same options snapshot is approximately 23.39%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

NEMG ATM IV is at 81.60% with IV rank near 46.60%, 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.

NEMG Cash-Secured Put Strategy

NEMG (Leverage Shares 2x Long NEM Daily ETF), in the Financial Services sector, (Asset Management industry), listed on NASDAQ.

The fund is an actively managed ETF. The fund invests at least 80% of its net assets (plus borrowings for investment purposes) in financial instruments with economic characteristics that, in combination, provide 200% daily leveraged exposure to the price of NEM, consistent with the fund’s investment objective. The fund is non-diversified.

NEMG (Leverage Shares 2x Long NEM Daily ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $394,969, a beta of 1.29 versus the broader market, a 52-week range of 12.245-33.47, average daily share volume of 13K, a public-listing history dating back to 2025. These structural characteristics shape how NEMG etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.29 places NEMG roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.

What is a cash-secured put on NEMG?

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.

NEMG snapshot

As of August 14, 2026, spot at $20.59, ATM IV 81.60%, IV rank 46.60%, expected move 23.39%. The cash-secured put on NEMG 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 NEMG specifically: NEMG IV at 81.60% is mid-range versus its 1-year history, so the credit collected on a NEMG cash-secured put sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 23.39% (roughly $4.82 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 NEMG expiries trade a higher absolute premium for lower per-day decay. Position sizing on NEMG should anchor to the underlying notional of $20.59 per share and to the trader's directional view on NEMG etf.

NEMG cash-secured put setup

The NEMG 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 NEMG at $20.59 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 NEMG 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 NEMG shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$20.00	$1.65

NEMG cash-secured put risk and reward

Net Premium / Debit: +$165.00
Max Profit (per contract): $165.00
Max Loss (per contract): -$1,834.00
Breakeven(s): $18.35
Risk / Reward Ratio: 0.090

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

NEMG cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on NEMG. 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%	-$1,834.00
$4.56	-77.8%	-$1,378.85
$9.11	-55.7%	-$923.71
$13.66	-33.6%	-$468.56
$18.22	-11.5%	-$13.42
$22.77	+10.6%	+$165.00
$27.32	+32.7%	+$165.00
$31.87	+54.8%	+$165.00
$36.42	+76.9%	+$165.00
$40.97	+99.0%	+$165.00

When traders use cash-secured put on NEMG

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

NEMG thesis for this cash-secured put

The market-implied 1-standard-deviation range for NEMG extends from approximately $15.77 on the downside to $25.41 on the upside. A NEMG cash-secured put lets a trader earn premium while waiting to acquire NEMG 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 NEMG IV rank near 46.60% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put thesis on NEMG should anchor more to the directional view and the expected-move geometry. As a Financial Services name, NEMG options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to NEMG-specific events.

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

Frequently asked questions

What is a cash-secured put on NEMG?: A cash-secured put on NEMG is the cash-secured put strategy applied to NEMG (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 NEMG etf at $20.59 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed NEMG chain strike and the premiums come straight from that session's bid/ask midpoint.
How are NEMG 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 NEMG cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 81.60%), the computed maximum profit is $165.00 per contract and the computed maximum loss is -$1,834.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a NEMG cash-secured put?: The breakeven for the NEMG cash-secured put priced on this page is roughly $18.35 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 NEMG market-implied 1-standard-deviation expected move in the same options snapshot is approximately 23.39%; 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 NEMG?: Cash-secured puts on NEMG earn premium while a trader waits to acquire NEMG etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning NEMG.
How does current NEMG implied volatility affect this cash-secured put?: NEMG ATM IV is at 81.60% with IV rank near 46.60%, 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.