How are SOLZ 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 SOLZ cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 67.60%), the computed maximum profit is $25.00 per contract and the computed maximum loss is -$674.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

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

The breakeven for the SOLZ cash-secured put priced on this page is roughly $6.75 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 SOLZ market-implied 1-standard-deviation expected move is approximately 19.38%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

SOLZ ATM IV is at 67.60% with IV rank near 13.34%, 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.

SOLZ Cash-Secured Put Strategy

SOLZ (Volatility Shares Trust - Solana ETF), in the Financial Services sector, (Asset Management - Cryptocurrency industry), listed on NASDAQ.

SOLZ offers investors a way to pursue significant long-term growth by providing 1x exposure to the burgeoning Solana blockchain ecosystem. It circumvents the technical difficulties associated with directly investing in cryptocurrencies. This Fund aims to reflect Solana's price shifts by employing futures agreements, rather than holding Solana assets outright.

SOLZ (Volatility Shares Trust - Solana ETF) trades in the Financial Services sector, specifically Asset Management - Cryptocurrency, with a market capitalization of approximately $28.3M, a beta of 0.82 versus the broader market, a 52-week range of 6.17-27.12, average daily share volume of 1.2M, a public-listing history dating back to 2025. These structural characteristics shape how SOLZ etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.82 places SOLZ roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. SOLZ 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 SOLZ?

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 SOLZ snapshot

As of June 30, 2026, spot at $7.38, ATM IV 67.60%, IV rank 13.34%, expected move 19.38%. The cash-secured put on SOLZ 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 SOLZ specifically: SOLZ IV at 67.60% is on the cheap side of its 1-year range, which means a premium-selling SOLZ cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 19.38% (roughly $1.43 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 SOLZ expiries trade a higher absolute premium for lower per-day decay. Position sizing on SOLZ should anchor to the underlying notional of $7.38 per share and to the trader's directional view on SOLZ etf.

SOLZ cash-secured put setup

The SOLZ 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 SOLZ near $7.38, the first option leg uses a $7.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed SOLZ 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 SOLZ shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$7.00	$0.25

SOLZ cash-secured put risk and reward

Net Premium / Debit: +$25.00
Max Profit (per contract): $25.00
Max Loss (per contract): -$674.00
Breakeven(s): $6.75
Risk / Reward Ratio: 0.037

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

SOLZ cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on SOLZ. 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	-99.9%	-$674.00
$1.64	-77.8%	-$510.93
$3.27	-55.7%	-$347.87
$4.90	-33.6%	-$184.80
$6.53	-11.5%	-$21.74
$8.16	+10.6%	+$25.00
$9.79	+32.7%	+$25.00
$11.42	+54.8%	+$25.00
$13.06	+76.9%	+$25.00
$14.69	+99.0%	+$25.00

When traders use cash-secured put on SOLZ

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

SOLZ thesis for this cash-secured put

The market-implied 1-standard-deviation range for SOLZ extends from approximately $5.95 on the downside to $8.81 on the upside. A SOLZ cash-secured put lets a trader earn premium while waiting to acquire SOLZ 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 SOLZ IV rank near 13.34% 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 SOLZ at 67.60%. As a Financial Services name, SOLZ options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to SOLZ-specific events.

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

Frequently asked questions

What is a cash-secured put on SOLZ?: A cash-secured put on SOLZ is the cash-secured put strategy applied to SOLZ (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 SOLZ etf trading near $7.38, the strikes shown on this page are snapped to the nearest listed SOLZ chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are SOLZ 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 SOLZ cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 67.60%), the computed maximum profit is $25.00 per contract and the computed maximum loss is -$674.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a SOLZ cash-secured put?: The breakeven for the SOLZ cash-secured put priced on this page is roughly $6.75 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 SOLZ market-implied 1-standard-deviation expected move is approximately 19.38%; 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 SOLZ?: Cash-secured puts on SOLZ earn premium while a trader waits to acquire SOLZ etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning SOLZ.
How does current SOLZ implied volatility affect this cash-secured put?: SOLZ ATM IV is at 67.60% with IV rank near 13.34%, 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.