ACI Cash-Secured Put Strategy
ACI (Albertsons Companies, Inc.), in the Consumer Defensive sector, (Grocery Stores industry), listed on NYSE.
Albertsons Companies, Inc., through its subsidiaries, operates in the food and drug retail industry in the United States. The company’s food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, vaccines, fuel, and other items and services. It also operates stores under various banners, including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, ACME, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets, and Balducci's Food Lovers Market; and in-store pharmacies and branded coffee shops, fuel centers, distribution centers, and manufacturing facilities, as well as various digital platforms. Albertsons Companies, Inc. was founded in 1860 and is headquartered in Boise, Idaho.
ACI (Albertsons Companies, Inc.) trades in the Consumer Defensive sector, specifically Grocery Stores, with a market capitalization of approximately $6.66B, a trailing P/E of 31.86, a beta of 0.23 versus the broader market, a 52-week range of 13.31-22.78, average daily share volume of 7.2M, a public-listing history dating back to 2020, approximately 280K full-time employees. These structural characteristics shape how ACI stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.23 indicates ACI has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. ACI 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 ACI?
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.
Current ACI snapshot
As of June 29, 2026, spot at $13.48, ATM IV 46.59%, IV rank 100.00%, expected move 13.36%. The cash-secured put on ACI below is built from the same end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 32-day expiry.
Why this cash-secured put structure on ACI specifically: ACI IV at 46.59% is rich versus its 1-year range, which favors premium-selling structures like a ACI cash-secured put, with a market-implied 1-standard-deviation move of approximately 13.36% (roughly $1.80 on the underlying). The 32-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated ACI expiries trade a higher absolute premium for lower per-day decay. Position sizing on ACI should anchor to the underlying notional of $13.48 per share and to the trader's directional view on ACI stock.
ACI cash-secured put setup
The ACI 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 ACI near $13.48, the first option leg uses a $13.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ACI chain at a 32-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 ACI shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $13.00 | $0.58 |
ACI cash-secured put risk and reward
- Net Premium / Debit
- +$58.00
- Max Profit (per contract)
- $58.00
- Max Loss (per contract)
- -$1,241.00
- Breakeven(s)
- $12.42
- Risk / Reward Ratio
- 0.047
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
ACI cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on ACI. 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.
| Underlying Price | % From Spot | P&L at Expiration |
|---|---|---|
| $0.01 | -99.9% | -$1,241.00 |
| $2.99 | -77.8% | -$943.06 |
| $5.97 | -55.7% | -$645.12 |
| $8.95 | -33.6% | -$347.18 |
| $11.93 | -11.5% | -$49.24 |
| $14.91 | +10.6% | +$58.00 |
| $17.89 | +32.7% | +$58.00 |
| $20.87 | +54.8% | +$58.00 |
| $23.85 | +76.9% | +$58.00 |
| $26.82 | +99.0% | +$58.00 |
When traders use cash-secured put on ACI
Cash-secured puts on ACI earn premium while a trader waits to acquire ACI stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning ACI.
ACI thesis for this cash-secured put
The market-implied 1-standard-deviation range for ACI extends from approximately $11.68 on the downside to $15.28 on the upside. A ACI cash-secured put lets a trader earn premium while waiting to acquire ACI 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 ACI IV rank near 100.00% sits in the upper third of its 1-year distribution, which historically reverts; this raises the bar for premium-buying structures and lowers it for premium-selling structures on ACI at 46.59%. As a Consumer Defensive name, ACI options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ACI-specific events.
ACI 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. ACI positions also carry Consumer Defensive sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move ACI alongside the broader basket even when ACI-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on ACI carry tail risk when realized volatility exceeds the implied move; review historical ACI earnings reactions and macro stress periods before sizing. Always rebuild the position from current ACI chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on ACI?
- A cash-secured put on ACI is the cash-secured put strategy applied to ACI (stock). 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 ACI stock trading near $13.48, the strikes shown on this page are snapped to the nearest listed ACI chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are ACI 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 ACI cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 46.59%), the computed maximum profit is $58.00 per contract and the computed maximum loss is -$1,241.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a ACI cash-secured put?
- The breakeven for the ACI cash-secured put priced on this page is roughly $12.42 at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current ACI market-implied 1-standard-deviation expected move is approximately 13.36%; 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 ACI?
- Cash-secured puts on ACI earn premium while a trader waits to acquire ACI stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning ACI.
- How does current ACI implied volatility affect this cash-secured put?
- ACI ATM IV is at 46.59% with IV rank near 100.00%, which is elevated relative to its 1-year range. Premium-selling structures (covered call, cash-secured put, iron condor) generally look more attractive when IV rank is high; premium-buying structures (long call, long put, debit spreads) are more expensive in that regime.