How are YETH 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 YETH cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 35.10%), the computed maximum profit is $34.00 per contract and the computed maximum loss is -$765.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

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

The breakeven for the YETH cash-secured put priced on this page is roughly $7.66 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 YETH market-implied 1-standard-deviation expected move in the same options snapshot is approximately 10.06%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

YETH ATM IV is at 35.10% with IV rank near 4.22%, 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.

YETH Cash-Secured Put Strategy

YETH (Roundhill Investments - Ether Covered Call Strategy ETF), in the Financial Services sector, (Asset Management - Cryptocurrency industry), listed on CBOE.

The Roundhill Ether Covered Call Strategy ETF, identified by its ticker YETH, is structured to provide investors with a way to gain exposure to Ether, the native cryptocurrency of the Ethereum blockchain. However, this participation includes an inherent limit on potential gains. A core objective of the fund, in addition to offering access to the digital asset, is to generate potential income for its holders. YETH is an actively managed investment vehicle, meaning its strategy and portfolio are regularly adjusted by its managers.

YETH (Roundhill Investments - Ether Covered Call Strategy ETF) trades in the Financial Services sector, specifically Asset Management - Cryptocurrency, with a market capitalization of approximately $52.7M, a beta of 1.26 versus the broader market, a 52-week range of 7.63-31.78, average daily share volume of 83K, a public-listing history dating back to 2024. These structural characteristics shape how YETH etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.26 places YETH roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. YETH 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 YETH?

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.

YETH snapshot

As of August 14, 2026, spot at $8.81, ATM IV 35.10%, IV rank 4.22%, expected move 10.06%. The cash-secured put on YETH 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 YETH specifically: YETH IV at 35.10% is on the cheap side of its 1-year range, which means a premium-selling YETH cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 10.06% (roughly $0.89 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 YETH expiries trade a higher absolute premium for lower per-day decay. Position sizing on YETH should anchor to the underlying notional of $8.81 per share and to the trader's directional view on YETH etf.

YETH cash-secured put setup

The YETH 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 YETH at $8.81 on that close, the first option leg uses a $8.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed YETH 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 YETH shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$8.00	$0.34

YETH cash-secured put risk and reward

Net Premium / Debit: +$34.00
Max Profit (per contract): $34.00
Max Loss (per contract): -$765.00
Breakeven(s): $7.66
Risk / Reward Ratio: 0.044

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

YETH cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on YETH. 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%	-$765.00
$1.96	-77.8%	-$570.32
$3.90	-55.7%	-$375.63
$5.85	-33.6%	-$180.95
$7.80	-11.5%	+$13.73
$9.74	+10.6%	+$34.00
$11.69	+32.7%	+$34.00
$13.64	+54.8%	+$34.00
$15.58	+76.9%	+$34.00
$17.53	+99.0%	+$34.00

When traders use cash-secured put on YETH

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

YETH thesis for this cash-secured put

The market-implied 1-standard-deviation range for YETH extends from approximately $7.92 on the downside to $9.70 on the upside. A YETH cash-secured put lets a trader earn premium while waiting to acquire YETH 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 YETH IV rank near 4.22% 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 YETH at 35.10%. As a Financial Services name, YETH options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to YETH-specific events.

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

Frequently asked questions

What is a cash-secured put on YETH?: A cash-secured put on YETH is the cash-secured put strategy applied to YETH (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 YETH etf at $8.81 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed YETH chain strike and the premiums come straight from that session's bid/ask midpoint.
How are YETH 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 YETH cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 35.10%), the computed maximum profit is $34.00 per contract and the computed maximum loss is -$765.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a YETH cash-secured put?: The breakeven for the YETH cash-secured put priced on this page is roughly $7.66 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 YETH market-implied 1-standard-deviation expected move in the same options snapshot is approximately 10.06%; 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 YETH?: Cash-secured puts on YETH earn premium while a trader waits to acquire YETH etf at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning YETH.
How does current YETH implied volatility affect this cash-secured put?: YETH ATM IV is at 35.10% with IV rank near 4.22%, 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.