XOMO Cash-Secured Put Strategy

XOMO (YieldMax XOM Option Income Strategy ETF), in the Financial Services sector, (Asset Management industry), listed on AMEX.

XOMO aims to generate monthly income while providing exposure to the price returns of Exxon Mobil Corporation stock (XOM), subject to a cap on potential gains. The fund utilizes a synthetic covered call strategy via standardized exchange-traded and FLEX options, which consists of three elements: i) synthetic long exposure, ii) covered call writing, and iii) US Treasurys for collateral. The synthetic long exposure seeks to replicate the price movements of XOM by purchasing and selling at-the-money calls and puts that have one- to six-month terms. To generate income, the fund writes call options with an expiration of one month or less and a strike price of approximately 0%-15% above XOM's current share price. This limits participation in potential gains if XOM shares increase in value. The short put positions fully expose investors to the downside of the stock.

XOMO (YieldMax XOM Option Income Strategy ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $39.6M, a beta of -0.28 versus the broader market, a 52-week range of 10.38-14.14, average daily share volume of 63K, a public-listing history dating back to 2023. These structural characteristics shape how XOMO etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of -0.28 indicates XOMO has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. XOMO 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 XOMO?

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.

XOMO snapshot

As of August 14, 2026, spot at $11.19, ATM IV 48.00%, IV rank 8.13%, expected move 13.76%. The cash-secured put on XOMO below is built from the 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 XOMO specifically: XOMO IV at 48.00% is on the cheap side of its 1-year range, which means a premium-selling XOMO cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 13.76% (roughly $1.54 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 XOMO expiries trade a higher absolute premium for lower per-day decay. Position sizing on XOMO should anchor to the underlying notional of $11.19 per share and to the trader's directional view on XOMO etf.

XOMO cash-secured put setup

The XOMO 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 XOMO at $11.19 on that close, the first option leg uses a $10.63 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed XOMO 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 XOMO shares for the stock leg in covered calls and collars).

ActionTypeStrike / BasisPremium (est)
Sell 1Put$10.63N/A

XOMO cash-secured put risk and reward

Net Premium / Debit
N/A
Max Profit (per contract)
Unbounded
Max Loss (per contract)
Unbounded
Breakeven(s)
None on modeled curve
Risk / Reward Ratio
N/A

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

XOMO cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on XOMO. 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.

When traders use cash-secured put on XOMO

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

XOMO thesis for this cash-secured put

The market-implied 1-standard-deviation range for XOMO extends from approximately $9.65 on the downside to $12.73 on the upside. A XOMO cash-secured put lets a trader earn premium while waiting to acquire XOMO 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 XOMO IV rank near 8.13% 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 XOMO at 48.00%. As a Financial Services name, XOMO options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to XOMO-specific events.

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

Frequently asked questions

What is a cash-secured put on XOMO?
A cash-secured put on XOMO is the cash-secured put strategy applied to XOMO (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 XOMO etf at $11.19 on the most recent close, the strikes shown on this page are snapped to the nearest listed XOMO chain strike and the premiums come straight from that session's bid/ask midpoint.
How are XOMO 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 XOMO cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 48.00%), the computed maximum profit is unbounded per contract and the computed maximum loss is unbounded per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a XOMO cash-secured put?
The breakeven for the XOMO cash-secured put priced on this page is no defined breakeven on the modeled curve at expiration, derived from the 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 XOMO market-implied 1-standard-deviation expected move in the same options snapshot is approximately 13.76%; 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 XOMO?
Cash-secured puts on XOMO earn premium while a trader waits to acquire XOMO etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning XOMO.
How does current XOMO implied volatility affect this cash-secured put?
XOMO ATM IV is at 48.00% with IV rank near 8.13%, 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.

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