How are SOXQ 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 SOXQ cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 41.50%), the computed maximum profit is $302.50 per contract and the computed maximum loss is -$8,996.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

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

The breakeven for the SOXQ cash-secured put priced on this page is roughly $89.98 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 SOXQ market-implied 1-standard-deviation expected move in the same options snapshot is approximately 11.90%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

SOXQ ATM IV is at 41.50% with IV rank near 37.18%, 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.

SOXQ Cash-Secured Put Strategy

SOXQ (Invesco PHLX Semiconductor ETF), in the Financial Services sector, (Asset Management industry), listed on NASDAQ.

The Invesco PHLX Semiconductor ETF endeavors to replicate the performance of the PHLX Semiconductor Sector Index. This Fund typically allocates at least 90% of its total capital to the equities that constitute this underlying benchmark. The Index itself is designed to gauge the performance of the thirty largest U.S.-listed enterprises operating in the semiconductor sector. These essential components, including items like memory chips, microprocessors, and integrated circuits, as well as associated equipment, power a broad spectrum of electronic devices, from everyday household products and vehicles to computers. The Index's constituents span companies involved in the design, production, distribution, and sale of semiconductors. Both the ETF and its benchmark undergo an annual re-evaluation and adjustment each September, alongside quarterly rebalancing activities conducted in March, June, September, and December.

SOXQ (Invesco PHLX Semiconductor ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $2.89B, a beta of 2.19 versus the broader market, a 52-week range of 43.15-115.335, average daily share volume of 2.3M, a public-listing history dating back to 2021. These structural characteristics shape how SOXQ etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 2.19 indicates SOXQ has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. SOXQ 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 SOXQ?

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.

SOXQ snapshot

As of August 14, 2026, spot at $97.44, ATM IV 41.50%, IV rank 37.18%, expected move 11.90%. The cash-secured put on SOXQ 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 SOXQ specifically: SOXQ IV at 41.50% is mid-range versus its 1-year history, so the credit collected on a SOXQ cash-secured put sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 11.90% (roughly $11.59 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 SOXQ expiries trade a higher absolute premium for lower per-day decay. Position sizing on SOXQ should anchor to the underlying notional of $97.44 per share and to the trader's directional view on SOXQ etf.

SOXQ cash-secured put setup

The SOXQ 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 SOXQ at $97.44 on that close, the first option leg uses a $93.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed SOXQ 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 SOXQ shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$93.00	$3.03

SOXQ cash-secured put risk and reward

Net Premium / Debit: +$302.50
Max Profit (per contract): $302.50
Max Loss (per contract): -$8,996.50
Breakeven(s): $89.98
Risk / Reward Ratio: 0.034

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

SOXQ cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on SOXQ. 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%	-$8,996.50
$21.55	-77.9%	-$6,842.16
$43.10	-55.8%	-$4,687.82
$64.64	-33.7%	-$2,533.47
$86.18	-11.6%	-$379.13
$107.73	+10.6%	+$302.50
$129.27	+32.7%	+$302.50
$150.81	+54.8%	+$302.50
$172.36	+76.9%	+$302.50
$193.90	+99.0%	+$302.50

When traders use cash-secured put on SOXQ

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

SOXQ thesis for this cash-secured put

The market-implied 1-standard-deviation range for SOXQ extends from approximately $85.85 on the downside to $109.03 on the upside. A SOXQ cash-secured put lets a trader earn premium while waiting to acquire SOXQ 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 SOXQ IV rank near 37.18% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put thesis on SOXQ should anchor more to the directional view and the expected-move geometry. As a Financial Services name, SOXQ options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to SOXQ-specific events.

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

Frequently asked questions

What is a cash-secured put on SOXQ?: A cash-secured put on SOXQ is the cash-secured put strategy applied to SOXQ (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 SOXQ etf at $97.44 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed SOXQ chain strike and the premiums come straight from that session's bid/ask midpoint.
How are SOXQ 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 SOXQ cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 41.50%), the computed maximum profit is $302.50 per contract and the computed maximum loss is -$8,996.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a SOXQ cash-secured put?: The breakeven for the SOXQ cash-secured put priced on this page is roughly $89.98 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 SOXQ market-implied 1-standard-deviation expected move in the same options snapshot is approximately 11.90%; 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 SOXQ?: Cash-secured puts on SOXQ earn premium while a trader waits to acquire SOXQ etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning SOXQ.
How does current SOXQ implied volatility affect this cash-secured put?: SOXQ ATM IV is at 41.50% with IV rank near 37.18%, 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.