How are QTUM 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 QTUM cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 39.70%), the computed maximum profit is $212.50 per contract and the computed maximum loss is -$15,286.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

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

The breakeven for the QTUM cash-secured put priced on this page is roughly $152.88 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 QTUM market-implied 1-standard-deviation expected move is approximately 11.38%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

QTUM ATM IV is at 39.70% with IV rank near 73.92%, 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.

QTUM Cash-Secured Put Strategy

QTUM (Defiance Quantum ETF), in the Financial Services sector, (Asset Management industry), listed on NASDAQ.

QTUM seeks out companies involved in the development of quantum computing and machine learning technology. Quantum computing refers to hardware and software designed to harness extremely fast computers that leverage the field of quantum mechanics, a branch of physics dealing with particles and their natural behavior. Covered technologies include the development of quantum computers, application of quantum computers, interaction between quantum and traditional computers, hardware and software for machine learning, specialized machinery for semiconductor and integrated circuit packaging, and production/processing of raw materials for quantum computing. Selected constituents are initially weighted equally, with possible downward adjustments for securities with low liquidity. QTUM is rebalanced semi-annually. Effective December 18 2020, The underlying index name changed to BlueStar Machine Learning and Quantum Computing Index with no change in investment strategies.

QTUM (Defiance Quantum ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $4.11B, a beta of 1.64 versus the broader market, a 52-week range of 89.23-170, average daily share volume of 686K, a public-listing history dating back to 2018. These structural characteristics shape how QTUM etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.64 indicates QTUM has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. QTUM 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 QTUM?

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 QTUM snapshot

As of June 30, 2026, spot at $165.67, ATM IV 39.70%, IV rank 73.92%, expected move 11.38%. The cash-secured put on QTUM 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 QTUM specifically: QTUM IV at 39.70% is rich versus its 1-year range, which favors premium-selling structures like a QTUM cash-secured put, with a market-implied 1-standard-deviation move of approximately 11.38% (roughly $18.86 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 QTUM expiries trade a higher absolute premium for lower per-day decay. Position sizing on QTUM should anchor to the underlying notional of $165.67 per share and to the trader's directional view on QTUM etf.

QTUM cash-secured put setup

The QTUM 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 QTUM near $165.67, the first option leg uses a $155.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed QTUM 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 QTUM shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$155.00	$2.13

QTUM cash-secured put risk and reward

Net Premium / Debit: +$212.50
Max Profit (per contract): $212.50
Max Loss (per contract): -$15,286.50
Breakeven(s): $152.88
Risk / Reward Ratio: 0.014

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

QTUM cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on QTUM. 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%	-$15,286.50
$36.64	-77.9%	-$11,623.56
$73.27	-55.8%	-$7,960.61
$109.90	-33.7%	-$4,297.67
$146.53	-11.6%	-$634.72
$183.16	+10.6%	+$212.50
$219.79	+32.7%	+$212.50
$256.42	+54.8%	+$212.50
$293.05	+76.9%	+$212.50
$329.68	+99.0%	+$212.50

When traders use cash-secured put on QTUM

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

QTUM thesis for this cash-secured put

The market-implied 1-standard-deviation range for QTUM extends from approximately $146.81 on the downside to $184.53 on the upside. A QTUM cash-secured put lets a trader earn premium while waiting to acquire QTUM 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 QTUM IV rank near 73.92% 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 QTUM at 39.70%. As a Financial Services name, QTUM options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to QTUM-specific events.

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

Frequently asked questions

What is a cash-secured put on QTUM?: A cash-secured put on QTUM is the cash-secured put strategy applied to QTUM (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 QTUM etf trading near $165.67, the strikes shown on this page are snapped to the nearest listed QTUM chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are QTUM 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 QTUM cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 39.70%), the computed maximum profit is $212.50 per contract and the computed maximum loss is -$15,286.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a QTUM cash-secured put?: The breakeven for the QTUM cash-secured put priced on this page is roughly $152.88 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 QTUM market-implied 1-standard-deviation expected move is approximately 11.38%; 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 QTUM?: Cash-secured puts on QTUM earn premium while a trader waits to acquire QTUM etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning QTUM.
How does current QTUM implied volatility affect this cash-secured put?: QTUM ATM IV is at 39.70% with IV rank near 73.92%, 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.