ACMR Cash-Secured Put Strategy
ACMR (ACM Research, Inc.), in the Technology sector, (Semiconductors industry), listed on NASDAQ.
ACM Research, Inc., along with its affiliated companies, is a global developer, manufacturer, and provider of specialized single-wafer wet cleaning systems. These crucial systems are designed to enhance manufacturing processes and improve the yield of integrated circuits across the globe. The company's innovative technological offerings include: Space Alternated Phase Shift (SAPS) technology: This system uniformly applies megasonic energy at a microscopic scale to both flat and patterned wafer surfaces by utilizing alternating phases of megasonic waves. Timely Energized Bubble Oscillation (TEBO) technology: Specifically engineered for patterned wafer surfaces at advanced process nodes, this technology precisely cleans intricate 2D and 3D patterned wafers. Tahoe technology: Providing superior cleaning performance, this solution significantly reduces the consumption of sulfuric acid and hydrogen peroxide. Electro-chemical plating technology: This offering facilitates advanced metal plating processes.
ACMR (ACM Research, Inc.) trades in the Technology sector, specifically Semiconductors, with a market capitalization of approximately $5.21B, a trailing P/E of 36.72, a beta of 1.97 versus the broader market, a 52-week range of 24.14-127.19, average daily share volume of 1.5M, a public-listing history dating back to 2017, approximately 3K full-time employees. These structural characteristics shape how ACMR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.97 indicates ACMR has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. The trailing P/E of 36.72 is on the rich side, which tends to correlate with higher earnings-window IV expansion as the market debates whether forward growth supports the multiple.
What is a cash-secured put on ACMR?
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.
ACMR snapshot
As of August 14, 2026, spot at $80.28, ATM IV 78.78%, IV rank 36.85%, expected move 22.59%. The cash-secured put on ACMR 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 28-day expiry.
Why this cash-secured put structure on ACMR specifically: ACMR IV at 78.78% is mid-range versus its 1-year history, so the credit collected on a ACMR cash-secured put sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 22.59% (roughly $18.13 on the underlying). The 28-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated ACMR expiries trade a higher absolute premium for lower per-day decay. Position sizing on ACMR should anchor to the underlying notional of $80.28 per share and to the trader's directional view on ACMR stock.
ACMR cash-secured put setup
The ACMR 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 ACMR at $80.28 on that close, the first option leg uses a $76.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ACMR chain at a 28-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 ACMR shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $76.00 | $4.65 |
ACMR cash-secured put risk and reward
- Net Premium / Debit
- +$465.00
- Max Profit (per contract)
- $465.00
- Max Loss (per contract)
- -$7,134.00
- Breakeven(s)
- $71.35
- Risk / Reward Ratio
- 0.065
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
ACMR cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on ACMR. 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 | -100.0% | -$7,134.00 |
| $17.76 | -77.9% | -$5,359.08 |
| $35.51 | -55.8% | -$3,584.15 |
| $53.26 | -33.7% | -$1,809.23 |
| $71.01 | -11.6% | -$34.30 |
| $88.76 | +10.6% | +$465.00 |
| $106.51 | +32.7% | +$465.00 |
| $124.25 | +54.8% | +$465.00 |
| $142.00 | +76.9% | +$465.00 |
| $159.75 | +99.0% | +$465.00 |
When traders use cash-secured put on ACMR
Cash-secured puts on ACMR earn premium while a trader waits to acquire ACMR stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning ACMR.
ACMR thesis for this cash-secured put
The market-implied 1-standard-deviation range for ACMR extends from approximately $62.15 on the downside to $98.41 on the upside. A ACMR cash-secured put lets a trader earn premium while waiting to acquire ACMR 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 ACMR IV rank near 36.85% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put thesis on ACMR should anchor more to the directional view and the expected-move geometry. As a Technology name, ACMR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ACMR-specific events.
ACMR 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. ACMR positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move ACMR alongside the broader basket even when ACMR-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on ACMR carry tail risk when realized volatility exceeds the implied move; review historical ACMR earnings reactions and macro stress periods before sizing. Always rebuild the position from current ACMR chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on ACMR?
- A cash-secured put on ACMR is the cash-secured put strategy applied to ACMR (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 ACMR stock at $80.28 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed ACMR chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are ACMR 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 ACMR cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 78.78%), the computed maximum profit is $465.00 per contract and the computed maximum loss is -$7,134.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a ACMR cash-secured put?
- The breakeven for the ACMR cash-secured put priced on this page is roughly $71.35 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 ACMR market-implied 1-standard-deviation expected move in the same options snapshot is approximately 22.59%; 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 ACMR?
- Cash-secured puts on ACMR earn premium while a trader waits to acquire ACMR stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning ACMR.
- How does current ACMR implied volatility affect this cash-secured put?
- ACMR ATM IV is at 78.78% with IV rank near 36.85%, 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.