AISP Cash-Secured Put Strategy
AISP (Airship AI Holdings, Inc.), in the Technology sector, (Software - Infrastructure industry), listed on NASDAQ.
Based in the U.S., Airship AI Holdings, Inc. delivers an artificial intelligence-powered surveillance solution that unifies video, sensor, and data management capabilities. Its product portfolio includes Airship Acropolis OS for both IP and traditional analog video surveillance; Airship Command, a comprehensive set of visualization tools enabling users to analyze data and evidence collected at the network edge; and Airship Outpost, which facilitates high-definition recording along with customizable low-bit rate video stream encoding. Their clientele spans various sectors, including governmental bodies, the public sector, law enforcement agencies, military operations, and commercial enterprises. Previously operating as Super Simple AI, Inc., the company officially adopted the name Airship AI Holdings, Inc. in March 2023. Established in 2006, its corporate headquarters are situated in Redmond, Washington.
AISP (Airship AI Holdings, Inc.) trades in the Technology sector, specifically Software - Infrastructure, with a market capitalization of approximately $79.2M, a trailing P/E of 16.16, a beta of 0.50 versus the broader market, a 52-week range of 2.03-7.2, average daily share volume of 643K, a public-listing history dating back to 2021, approximately 53 full-time employees. These structural characteristics shape how AISP stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.50 indicates AISP has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure.
What is a cash-secured put on AISP?
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 AISP snapshot
As of June 30, 2026, spot at $2.42, ATM IV 115.20%, IV rank 26.86%, expected move 33.03%. The cash-secured put on AISP 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 AISP specifically: AISP IV at 115.20% is on the cheap side of its 1-year range, which means a premium-selling AISP cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 33.03% (roughly $0.80 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 AISP expiries trade a higher absolute premium for lower per-day decay. Position sizing on AISP should anchor to the underlying notional of $2.42 per share and to the trader's directional view on AISP stock.
AISP cash-secured put setup
The AISP 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 AISP near $2.42, the first option leg uses a $2.30 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AISP 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 AISP shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $2.30 | N/A |
AISP 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.
AISP cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on AISP. 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 AISP
Cash-secured puts on AISP earn premium while a trader waits to acquire AISP stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning AISP.
AISP thesis for this cash-secured put
The market-implied 1-standard-deviation range for AISP extends from approximately $1.62 on the downside to $3.22 on the upside. A AISP cash-secured put lets a trader earn premium while waiting to acquire AISP 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 AISP IV rank near 26.86% 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 AISP at 115.20%. As a Technology name, AISP options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AISP-specific events.
AISP 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. AISP positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move AISP alongside the broader basket even when AISP-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on AISP carry tail risk when realized volatility exceeds the implied move; review historical AISP earnings reactions and macro stress periods before sizing. Always rebuild the position from current AISP chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on AISP?
- A cash-secured put on AISP is the cash-secured put strategy applied to AISP (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 AISP stock trading near $2.42, the strikes shown on this page are snapped to the nearest listed AISP chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are AISP 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 AISP cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 115.20%), 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 AISP cash-secured put?
- The breakeven for the AISP cash-secured put priced on this page is no defined breakeven on the modeled curve 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 AISP market-implied 1-standard-deviation expected move is approximately 33.03%; 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 AISP?
- Cash-secured puts on AISP earn premium while a trader waits to acquire AISP stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning AISP.
- How does current AISP implied volatility affect this cash-secured put?
- AISP ATM IV is at 115.20% with IV rank near 26.86%, 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.