How are UFOX 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 UFOX cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 32.90%), the computed maximum profit is $182.00 per contract and the computed maximum loss is -$8,117.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

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

The breakeven for the UFOX cash-secured put priced on this page is roughly $81.18 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 UFOX market-implied 1-standard-deviation expected move in the same options snapshot is approximately 9.43%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

UFOX ATM IV is at 32.90% with IV rank near 58.45%, 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.

UFOX Cash-Secured Put Strategy

UFOX (Defiance Space and Connective Tech ETF), in the Financial Services sector, (Asset Management industry), listed on NASDAQ.

The U.S. Global GO GOLD and Precious Metal Miners ETF (UFOX) provides investors access to companies involved in the production of precious metals. The fund focuses on companies engaged in active mining or those holding royalty interests. It also maintains a strategic allocation to physical gold.

UFOX (Defiance Space and Connective Tech ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $755.4M, a beta of 1.58 versus the broader market, a 52-week range of 75.71-106.7199, average daily share volume of 44K, a public-listing history dating back to 2019. These structural characteristics shape how UFOX etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.58 indicates UFOX has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. UFOX 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 UFOX?

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.

UFOX snapshot

As of August 14, 2026, spot at $87.73, ATM IV 32.90%, IV rank 58.45%, expected move 9.43%. The cash-secured put on UFOX 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 UFOX specifically: UFOX IV at 32.90% is mid-range versus its 1-year history, so the credit collected on a UFOX cash-secured put sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 9.43% (roughly $8.27 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 UFOX expiries trade a higher absolute premium for lower per-day decay. Position sizing on UFOX should anchor to the underlying notional of $87.73 per share and to the trader's directional view on UFOX etf.

UFOX cash-secured put setup

The UFOX 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 UFOX at $87.73 on that close, the first option leg uses a $83.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed UFOX 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 UFOX shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$83.00	$1.82

UFOX cash-secured put risk and reward

Net Premium / Debit: +$182.00
Max Profit (per contract): $182.00
Max Loss (per contract): -$8,117.00
Breakeven(s): $81.18
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.

UFOX cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on UFOX. 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%	-$8,117.00
$19.41	-77.9%	-$6,177.35
$38.80	-55.8%	-$4,237.70
$58.20	-33.7%	-$2,298.06
$77.60	-11.6%	-$358.41
$96.99	+10.6%	+$182.00
$116.39	+32.7%	+$182.00
$135.79	+54.8%	+$182.00
$155.18	+76.9%	+$182.00
$174.58	+99.0%	+$182.00

When traders use cash-secured put on UFOX

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

UFOX thesis for this cash-secured put

The market-implied 1-standard-deviation range for UFOX extends from approximately $79.46 on the downside to $96.00 on the upside. A UFOX cash-secured put lets a trader earn premium while waiting to acquire UFOX 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 UFOX IV rank near 58.45% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put thesis on UFOX should anchor more to the directional view and the expected-move geometry. As a Financial Services name, UFOX options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to UFOX-specific events.

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

Frequently asked questions

What is a cash-secured put on UFOX?: A cash-secured put on UFOX is the cash-secured put strategy applied to UFOX (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 UFOX etf at $87.73 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed UFOX chain strike and the premiums come straight from that session's bid/ask midpoint.
How are UFOX 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 UFOX cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 32.90%), the computed maximum profit is $182.00 per contract and the computed maximum loss is -$8,117.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a UFOX cash-secured put?: The breakeven for the UFOX cash-secured put priced on this page is roughly $81.18 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 UFOX market-implied 1-standard-deviation expected move in the same options snapshot is approximately 9.43%; 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 UFOX?: Cash-secured puts on UFOX earn premium while a trader waits to acquire UFOX etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning UFOX.
How does current UFOX implied volatility affect this cash-secured put?: UFOX ATM IV is at 32.90% with IV rank near 58.45%, 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.