AGYS Cash-Secured Put Strategy
AGYS (Agilysys, Inc.), in the Technology sector, (Software - Application industry), listed on NASDAQ.
Agilysys, Inc. operates as a developer and marketer of software-enabled solutions and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. The company offers software solutions fully integrated with third party hardware and operating systems; cloud applications, support, and maintenance; subscription and maintenance; and professional services. Its hospitality software solutions comprise hospitality experience cloud offers solution ecosystems that combine core operational systems for property management, point-of-sale (POS), and inventory and procurement; and Hospitality Solution Studios. The company also provides food and beverage ecosystem solutions, such as the InfoGenesis POS, as well as IG Kiosk, a self-service, customer-facing kiosk point of sale solution. Its food and beverage experience enhancer solutions include IG KDS digital kitchen management solution; IG OnDemand; IG Fly; IG Quick Pay payment solution; IG Smart Menu; IG Digital Menu Board; IG PanOptic; Pay; eCash; gift card solution; and Analyze. In addition, the company offers hospitality and leisure ecosystem solutions comprising LMS, an on-premises or hosted, web, and mobile-enabled PMS solution; Versa; and Stay, a cloud-native SaaS property management system.
AGYS (Agilysys, Inc.) trades in the Technology sector, specifically Software - Application, with a market capitalization of approximately $2.89B, a trailing P/E of 74.17, a beta of 0.40 versus the broader market, a 52-week range of 61.5-145.25, average daily share volume of 383K, a public-listing history dating back to 1980, approximately 2K full-time employees. These structural characteristics shape how AGYS stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.40 indicates AGYS 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 74.17 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 AGYS?
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 AGYS snapshot
As of June 30, 2026, spot at $104.63, ATM IV 56.60%, IV rank 8.25%, expected move 16.23%. The cash-secured put on AGYS 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 17-day expiry.
Why this cash-secured put structure on AGYS specifically: AGYS IV at 56.60% is on the cheap side of its 1-year range, which means a premium-selling AGYS cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 16.23% (roughly $16.98 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 AGYS expiries trade a higher absolute premium for lower per-day decay. Position sizing on AGYS should anchor to the underlying notional of $104.63 per share and to the trader's directional view on AGYS stock.
AGYS cash-secured put setup
The AGYS 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 AGYS near $104.63, the first option leg uses a $100.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AGYS 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 AGYS shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $100.00 | $2.98 |
AGYS cash-secured put risk and reward
- Net Premium / Debit
- +$297.50
- Max Profit (per contract)
- $297.50
- Max Loss (per contract)
- -$9,701.50
- Breakeven(s)
- $97.03
- Risk / Reward Ratio
- 0.031
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
AGYS cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on AGYS. 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% | -$9,701.50 |
| $23.14 | -77.9% | -$7,388.18 |
| $46.28 | -55.8% | -$5,074.87 |
| $69.41 | -33.7% | -$2,761.55 |
| $92.54 | -11.6% | -$448.23 |
| $115.68 | +10.6% | +$297.50 |
| $138.81 | +32.7% | +$297.50 |
| $161.94 | +54.8% | +$297.50 |
| $185.08 | +76.9% | +$297.50 |
| $208.21 | +99.0% | +$297.50 |
When traders use cash-secured put on AGYS
Cash-secured puts on AGYS earn premium while a trader waits to acquire AGYS stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning AGYS.
AGYS thesis for this cash-secured put
The market-implied 1-standard-deviation range for AGYS extends from approximately $87.65 on the downside to $121.61 on the upside. A AGYS cash-secured put lets a trader earn premium while waiting to acquire AGYS 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 AGYS IV rank near 8.25% 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 AGYS at 56.60%. As a Technology name, AGYS options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AGYS-specific events.
AGYS 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. AGYS positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move AGYS alongside the broader basket even when AGYS-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on AGYS carry tail risk when realized volatility exceeds the implied move; review historical AGYS earnings reactions and macro stress periods before sizing. Always rebuild the position from current AGYS chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on AGYS?
- A cash-secured put on AGYS is the cash-secured put strategy applied to AGYS (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 AGYS stock trading near $104.63, the strikes shown on this page are snapped to the nearest listed AGYS chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are AGYS 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 AGYS cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 56.60%), the computed maximum profit is $297.50 per contract and the computed maximum loss is -$9,701.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a AGYS cash-secured put?
- The breakeven for the AGYS cash-secured put priced on this page is roughly $97.03 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 AGYS market-implied 1-standard-deviation expected move is approximately 16.23%; 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 AGYS?
- Cash-secured puts on AGYS earn premium while a trader waits to acquire AGYS stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning AGYS.
- How does current AGYS implied volatility affect this cash-secured put?
- AGYS ATM IV is at 56.60% with IV rank near 8.25%, 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.