ROBO Cash-Secured Put Strategy
ROBO (L&G ROBO Global Robotics and Automation UCITS ETF), in the Financial Services sector, (Asset Management - Global industry), listed on AMEX.
ROBO Global Robotics and Automation UCITS ETF
ROBO (L&G ROBO Global Robotics and Automation UCITS ETF) trades in the Financial Services sector, specifically Asset Management - Global, with a market capitalization of approximately $2.21B, a beta of 1.70 versus the broader market, a 52-week range of 54.78-87.5, average daily share volume of 171K, a public-listing history dating back to 2013. These structural characteristics shape how ROBO etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.70 indicates ROBO has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. ROBO 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 ROBO?
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 ROBO snapshot
As of May 15, 2026, spot at $85.19, ATM IV 29.70%, IV rank 47.75%, expected move 8.51%. The cash-secured put on ROBO 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 34-day expiry.
Why this cash-secured put structure on ROBO specifically: ROBO IV at 29.70% is mid-range versus its 1-year history, so the credit collected on a ROBO cash-secured put sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 8.51% (roughly $7.25 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated ROBO expiries trade a higher absolute premium for lower per-day decay. Position sizing on ROBO should anchor to the underlying notional of $85.19 per share and to the trader's directional view on ROBO etf.
ROBO cash-secured put setup
The ROBO 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 ROBO near $85.19, the first option leg uses a $80.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ROBO chain at a 34-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 ROBO shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $80.00 | $1.23 |
ROBO cash-secured put risk and reward
- Net Premium / Debit
- +$122.50
- Max Profit (per contract)
- $122.50
- Max Loss (per contract)
- -$7,876.50
- Breakeven(s)
- $78.78
- Risk / Reward Ratio
- 0.016
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
ROBO cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on ROBO. 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.
| Underlying Price | % From Spot | P&L at Expiration |
|---|---|---|
| $0.01 | -100.0% | -$7,876.50 |
| $18.84 | -77.9% | -$5,993.01 |
| $37.68 | -55.8% | -$4,109.53 |
| $56.51 | -33.7% | -$2,226.04 |
| $75.35 | -11.6% | -$342.55 |
| $94.18 | +10.6% | +$122.50 |
| $113.02 | +32.7% | +$122.50 |
| $131.85 | +54.8% | +$122.50 |
| $150.69 | +76.9% | +$122.50 |
| $169.52 | +99.0% | +$122.50 |
When traders use cash-secured put on ROBO
Cash-secured puts on ROBO earn premium while a trader waits to acquire ROBO etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning ROBO.
ROBO thesis for this cash-secured put
The market-implied 1-standard-deviation range for ROBO extends from approximately $77.94 on the downside to $92.44 on the upside. A ROBO cash-secured put lets a trader earn premium while waiting to acquire ROBO 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 ROBO IV rank near 47.75% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put thesis on ROBO should anchor more to the directional view and the expected-move geometry. As a Financial Services name, ROBO options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ROBO-specific events.
ROBO 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. ROBO positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move ROBO alongside the broader basket even when ROBO-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on ROBO carry tail risk when realized volatility exceeds the implied move; review historical ROBO earnings reactions and macro stress periods before sizing. Always rebuild the position from current ROBO chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on ROBO?
- A cash-secured put on ROBO is the cash-secured put strategy applied to ROBO (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 ROBO etf trading near $85.19, the strikes shown on this page are snapped to the nearest listed ROBO chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are ROBO 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 ROBO cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 29.70%), the computed maximum profit is $122.50 per contract and the computed maximum loss is -$7,876.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a ROBO cash-secured put?
- The breakeven for the ROBO cash-secured put priced on this page is roughly $78.78 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 ROBO market-implied 1-standard-deviation expected move is approximately 8.51%; 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 ROBO?
- Cash-secured puts on ROBO earn premium while a trader waits to acquire ROBO etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning ROBO.
- How does current ROBO implied volatility affect this cash-secured put?
- ROBO ATM IV is at 29.70% with IV rank near 47.75%, 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.