How are OILK 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 OILK cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 138.90%), the computed maximum profit is $98.00 per contract and the computed maximum loss is -$4,401.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

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

The breakeven for the OILK cash-secured put priced on this page is roughly $44.02 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 OILK market-implied 1-standard-deviation expected move is approximately 39.82%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

OILK ATM IV is at 138.90% with IV rank near 100.00%, which is elevated relative to its 1-year range. Premium-selling structures (covered call, cash-secured put, iron condor) generally look more attractive when IV rank is high; premium-buying structures (long call, long put, debit spreads) are more expensive in that regime.

OILK Cash-Secured Put Strategy

OILK (ProShares - K-1 Free Crude Oil ETF), in the Financial Services sector, (Asset Management industry), listed on CBOE.

This fund strategically allocates its assets to a variety of financial instruments, which ProShare Advisors intends to collectively mirror the performance of its underlying index. The index itself is constructed to track the price fluctuations of three distinct West Texas Intermediate (WTI) Crude Oil futures contract schedules, all actively traded on the NYMEX exchange. Each of these contract schedules contributes an identical one-third weighting to the index, with this equal distribution being re-established during semi-annual rebalancing events held in March and September.

OILK (ProShares - K-1 Free Crude Oil ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $57.7M, a beta of 1.35 versus the broader market, a 52-week range of 36.13-61.33, average daily share volume of 245K, a public-listing history dating back to 2016. These structural characteristics shape how OILK etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.35 indicates OILK has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. OILK 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 OILK?

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 OILK snapshot

As of June 30, 2026, spot at $47.49, ATM IV 138.90%, IV rank 100.00%, expected move 39.82%. The cash-secured put on OILK 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 17-day expiry.

Why this cash-secured put structure on OILK specifically: OILK IV at 138.90% is rich versus its 1-year range, which favors premium-selling structures like a OILK cash-secured put, with a market-implied 1-standard-deviation move of approximately 39.82% (roughly $18.91 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 OILK expiries trade a higher absolute premium for lower per-day decay. Position sizing on OILK should anchor to the underlying notional of $47.49 per share and to the trader's directional view on OILK etf.

OILK cash-secured put setup

The OILK 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 OILK near $47.49, the first option leg uses a $45.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed OILK 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 OILK shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$45.00	$0.98

OILK cash-secured put risk and reward

Net Premium / Debit: +$98.00
Max Profit (per contract): $98.00
Max Loss (per contract): -$4,401.00
Breakeven(s): $44.02
Risk / Reward Ratio: 0.022

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

OILK cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on OILK. 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%	-$4,401.00
$10.51	-77.9%	-$3,351.08
$21.01	-55.8%	-$2,301.16
$31.51	-33.7%	-$1,251.24
$42.01	-11.5%	-$201.32
$52.51	+10.6%	+$98.00
$63.01	+32.7%	+$98.00
$73.50	+54.8%	+$98.00
$84.00	+76.9%	+$98.00
$94.50	+99.0%	+$98.00

When traders use cash-secured put on OILK

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

OILK thesis for this cash-secured put

The market-implied 1-standard-deviation range for OILK extends from approximately $28.58 on the downside to $66.40 on the upside. A OILK cash-secured put lets a trader earn premium while waiting to acquire OILK 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 OILK IV rank near 100.00% sits in the upper third of its 1-year distribution, which historically reverts; this raises the bar for premium-buying structures and lowers it for premium-selling structures on OILK at 138.90%. As a Financial Services name, OILK options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to OILK-specific events.

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

Frequently asked questions

What is a cash-secured put on OILK?: A cash-secured put on OILK is the cash-secured put strategy applied to OILK (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 OILK etf trading near $47.49, the strikes shown on this page are snapped to the nearest listed OILK chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are OILK 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 OILK cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 138.90%), the computed maximum profit is $98.00 per contract and the computed maximum loss is -$4,401.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a OILK cash-secured put?: The breakeven for the OILK cash-secured put priced on this page is roughly $44.02 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 OILK market-implied 1-standard-deviation expected move is approximately 39.82%; 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 OILK?: Cash-secured puts on OILK earn premium while a trader waits to acquire OILK etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning OILK.
How does current OILK implied volatility affect this cash-secured put?: OILK ATM IV is at 138.90% with IV rank near 100.00%, which is elevated relative to its 1-year range. Premium-selling structures (covered call, cash-secured put, iron condor) generally look more attractive when IV rank is high; premium-buying structures (long call, long put, debit spreads) are more expensive in that regime.