How are ALIT 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 ALIT cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 107.10%), the computed maximum profit is $125.00 per contract and the computed maximum loss is -$1,174.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a ALIT cash-secured put?

The breakeven for the ALIT cash-secured put priced on this page is roughly $11.75 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 ALIT market-implied 1-standard-deviation expected move in the same options snapshot is approximately 30.70%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current ALIT implied volatility affect this cash-secured put?

ALIT ATM IV is at 107.10% with IV rank near 19.98%, 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.

ALIT Cash-Secured Put Strategy

ALIT (Alight, Inc.), in the Technology sector, (Information Technology Services industry), listed on NYSE.

Alight, Inc. engages in the provision of cloud-based integrated digital human capital and business solutions. The company was founded on June 01, 2017 and is headquartered in Chicago, IL.

ALIT (Alight, Inc.) trades in the Technology sector, specifically Information Technology Services, with a market capitalization of approximately $368.5M, a beta of 1.59 versus the broader market, a 52-week range of 9.58-82.9, average daily share volume of 1.2M, a public-listing history dating back to 2020, approximately 10K full-time employees. These structural characteristics shape how ALIT stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.59 indicates ALIT has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. ALIT 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 ALIT?

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.

ALIT snapshot

As of August 14, 2026, spot at $13.67, ATM IV 107.10%, IV rank 19.98%, expected move 30.70%. The cash-secured put on ALIT 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 35-day expiry.

Why this cash-secured put structure on ALIT specifically: ALIT IV at 107.10% is on the cheap side of its 1-year range, which means a premium-selling ALIT cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 30.70% (roughly $4.20 on the underlying). The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated ALIT expiries trade a higher absolute premium for lower per-day decay. Position sizing on ALIT should anchor to the underlying notional of $13.67 per share and to the trader's directional view on ALIT stock.

ALIT cash-secured put setup

The ALIT 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 ALIT at $13.67 on that close, 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 ALIT chain at a 35-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 ALIT shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$13.00	$1.25

ALIT cash-secured put risk and reward

Net Premium / Debit: +$125.00
Max Profit (per contract): $125.00
Max Loss (per contract): -$1,174.00
Breakeven(s): $11.75
Risk / Reward Ratio: 0.106

Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.

ALIT cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on ALIT. 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.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-99.9%	-$1,174.00
$3.03	-77.8%	-$871.86
$6.05	-55.7%	-$569.72
$9.07	-33.6%	-$267.58
$12.10	-11.5%	+$34.56
$15.12	+10.6%	+$125.00
$18.14	+32.7%	+$125.00
$21.16	+54.8%	+$125.00
$24.18	+76.9%	+$125.00
$27.20	+99.0%	+$125.00

When traders use cash-secured put on ALIT

Cash-secured puts on ALIT earn premium while a trader waits to acquire ALIT stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning ALIT.

ALIT thesis for this cash-secured put

The market-implied 1-standard-deviation range for ALIT extends from approximately $9.47 on the downside to $17.87 on the upside. A ALIT cash-secured put lets a trader earn premium while waiting to acquire ALIT 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 ALIT IV rank near 19.98% 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 ALIT at 107.10%. As a Technology name, ALIT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ALIT-specific events.

ALIT 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. ALIT positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move ALIT alongside the broader basket even when ALIT-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on ALIT carry tail risk when realized volatility exceeds the implied move; review historical ALIT earnings reactions and macro stress periods before sizing. Always rebuild the position from current ALIT chain quotes before placing a trade.

Frequently asked questions

What is a cash-secured put on ALIT?: A cash-secured put on ALIT is the cash-secured put strategy applied to ALIT (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 ALIT stock at $13.67 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed ALIT chain strike and the premiums come straight from that session's bid/ask midpoint.
How are ALIT 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 ALIT cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 107.10%), the computed maximum profit is $125.00 per contract and the computed maximum loss is -$1,174.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a ALIT cash-secured put?: The breakeven for the ALIT cash-secured put priced on this page is roughly $11.75 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 ALIT market-implied 1-standard-deviation expected move in the same options snapshot is approximately 30.70%; 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 ALIT?: Cash-secured puts on ALIT earn premium while a trader waits to acquire ALIT stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning ALIT.
How does current ALIT implied volatility affect this cash-secured put?: ALIT ATM IV is at 107.10% with IV rank near 19.98%, 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.