How are WQTM 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 WQTM cash-secured put priced from the September 29, 2026 end-of-day chain at a 30-day expiry (ATM IV 40.80%), the computed maximum profit is $79.00 per contract and the computed maximum loss is -$2,920.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

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

The breakeven for the WQTM cash-secured put priced on this page is roughly $29.21 at expiration, derived from the September 29, 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 WQTM market-implied 1-standard-deviation expected move in the same options snapshot is approximately 11.70%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

Current WQTM ATM IV is 40.80%; IV rank context is unavailable in the current snapshot.

WQTM Cash-Secured Put Strategy

WQTM (WisdomTree Quantum Computing Fund), in the Financial Services sector, (Asset Management industry), listed on CBOE.

WQTM tracks an index that provides exposure to companies worldwide that are involved in quantum computing activities and their development. The index includes companies with the following business activities: quantum chips and qubit technology, quantum software and algorithms, quantum annealing and simulation, quantum-as-a-service, such as cloud-based platforms that provide users with a variety of quantum computing resources, post-quantum cryptography, which may involve cybersecurity, quantum networking and communications, advanced computing, and related tools, materials, and infrastructure. Companies are then assigned a relevancy and purity classification score based on their business activities and revenues, as disclosed on publicly available sources and documents. Selected constituents are initially weighted equally, with downward adjustments for securities with low scores. The index rebalances and reconstitutes quarterly.

WQTM (WisdomTree Quantum Computing Fund) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $276.5M, a beta of 2.96 versus the broader market, a 52-week range of 23.18-41.38, average daily share volume of 354K, a public-listing history dating back to 2025. These structural characteristics shape how WQTM etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 2.96 indicates WQTM has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position.

What is a cash-secured put on WQTM?

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.

WQTM snapshot

As of September 29, 2026, spot at $32.02, ATM IV 40.80%, expected move 11.70%. The cash-secured put on WQTM below is built from the September 29, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 52-day expiry.

Why this cash-secured put structure on WQTM specifically: IV rank is unavailable in the current snapshot, so regime-based timing for WQTM is inferred from ATM IV at 40.80% alone, with a market-implied 1-standard-deviation move of approximately 11.70% (roughly $3.75 on the underlying). The 52-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated WQTM expiries trade a higher absolute premium for lower per-day decay. Position sizing on WQTM should anchor to the underlying notional of $32.02 per share and to the trader's directional view on WQTM etf.

WQTM cash-secured put setup

The WQTM cash-secured put below is built from the September 29, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With WQTM at $32.02 on that close, the first option leg uses a $30.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed WQTM chain at a 52-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 WQTM shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$30.00	$0.79

WQTM cash-secured put risk and reward

Net Premium / Debit: +$79.00
Max Profit (per contract): $79.00
Max Loss (per contract): -$2,920.00
Breakeven(s): $29.21
Risk / Reward Ratio: 0.027

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

WQTM cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on WQTM. 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%	-$2,920.00
$7.09	-77.9%	-$2,212.13
$14.17	-55.8%	-$1,504.26
$21.25	-33.6%	-$796.39
$28.32	-11.5%	-$88.52
$35.40	+10.6%	+$79.00
$42.48	+32.7%	+$79.00
$49.56	+54.8%	+$79.00
$56.64	+76.9%	+$79.00
$63.72	+99.0%	+$79.00

When traders use cash-secured put on WQTM

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

WQTM thesis for this cash-secured put

The market-implied 1-standard-deviation range for WQTM extends from approximately $28.27 on the downside to $35.77 on the upside. A WQTM cash-secured put lets a trader earn premium while waiting to acquire WQTM 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. As a Financial Services name, WQTM options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to WQTM-specific events.

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

Frequently asked questions

What is a cash-secured put on WQTM?: A cash-secured put on WQTM is the cash-secured put strategy applied to WQTM (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 WQTM etf at $32.02 on the September 29, 2026 close, the strikes shown on this page are snapped to the nearest listed WQTM chain strike and the premiums come straight from that session's bid/ask midpoint.
How are WQTM 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 WQTM cash-secured put priced from the September 29, 2026 end-of-day chain at a 30-day expiry (ATM IV 40.80%), the computed maximum profit is $79.00 per contract and the computed maximum loss is -$2,920.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a WQTM cash-secured put?: The breakeven for the WQTM cash-secured put priced on this page is roughly $29.21 at expiration, derived from the September 29, 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 WQTM market-implied 1-standard-deviation expected move in the same options snapshot is approximately 11.70%; 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 WQTM?: Cash-secured puts on WQTM earn premium while a trader waits to acquire WQTM etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning WQTM.
How does current WQTM implied volatility affect this cash-secured put?: Current WQTM ATM IV is 40.80%; IV rank context is unavailable in the current snapshot.