ADIG Cash-Secured Put Strategy
ADIG (ADI Global Distribution Inc.), in the Industrials sector, (Industrial - Distribution industry), listed on NYSE.
ADI Global Distribution, Inc. engages in the distribution of third-party low-voltage products. Its products include security and audio-visual solutions. The company was founded by Maurice Coleman in 1929 and is headquartered in Huntington, NY.
ADIG (ADI Global Distribution Inc.) trades in the Industrials sector, specifically Industrial - Distribution, with a market capitalization of approximately $1.35B, a trailing P/E of 296.86, a beta of 0.00 versus the broader market, a 52-week range of 19.53-30.99, average daily share volume of 1.0M, a public-listing history dating back to 2026, approximately 4K full-time employees. These structural characteristics shape how ADIG stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.00 indicates ADIG has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. The trailing P/E of 296.86 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 ADIG?
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.
ADIG snapshot
As of September 29, 2026, spot at $18.80, ATM IV 79.50%, expected move 22.79%. The cash-secured put on ADIG 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 17-day expiry.
Why this cash-secured put structure on ADIG specifically: IV rank is unavailable in the current snapshot, so regime-based timing for ADIG is inferred from ATM IV at 79.50% alone, with a market-implied 1-standard-deviation move of approximately 22.79% (roughly $4.28 on the underlying). The 17-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated ADIG expiries trade a higher absolute premium for lower per-day decay. Position sizing on ADIG should anchor to the underlying notional of $18.80 per share and to the trader's directional view on ADIG stock.
ADIG cash-secured put setup
The ADIG 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 ADIG at $18.80 on that close, the first option leg uses a $17.86 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ADIG chain at a 17-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 ADIG shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $17.86 | N/A |
ADIG 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.
ADIG cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on ADIG. 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 ADIG
Cash-secured puts on ADIG earn premium while a trader waits to acquire ADIG stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning ADIG.
ADIG thesis for this cash-secured put
The market-implied 1-standard-deviation range for ADIG extends from approximately $14.52 on the downside to $23.08 on the upside. A ADIG cash-secured put lets a trader earn premium while waiting to acquire ADIG 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 Industrials name, ADIG options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ADIG-specific events.
ADIG 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. ADIG positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move ADIG alongside the broader basket even when ADIG-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on ADIG carry tail risk when realized volatility exceeds the implied move; review historical ADIG earnings reactions and macro stress periods before sizing. Always rebuild the position from current ADIG chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on ADIG?
- A cash-secured put on ADIG is the cash-secured put strategy applied to ADIG (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 ADIG stock at $18.80 on the most recent close, the strikes shown on this page are snapped to the nearest listed ADIG chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are ADIG 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 ADIG cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 79.50%), 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 ADIG cash-secured put?
- The breakeven for the ADIG 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 ADIG market-implied 1-standard-deviation expected move in the same options snapshot is approximately 22.79%; 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 ADIG?
- Cash-secured puts on ADIG earn premium while a trader waits to acquire ADIG stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning ADIG.
- How does current ADIG implied volatility affect this cash-secured put?
- Current ADIG ATM IV is 79.50%; IV rank context is unavailable in the current snapshot.