ALM Cash-Secured Put Strategy
ALM (Almonty Industries Inc.), in the Basic Materials sector, (Industrial Materials industry), listed on NASDAQ.
Almonty Industries, Inc. engages in the mining, processing, and shipment of tungsten concentrates. Its projects include Almonty Korea Tungsten, Panasquiera mine, Gentung, Almonty Korea Moly, Los Santos mine, and Valtreixal. The company was founded on September 28, 2009 and is headquartered in Dillon, MT.
ALM (Almonty Industries Inc.) trades in the Basic Materials sector, specifically Industrial Materials, with a market capitalization of approximately $4.08B, a beta of 2.05 versus the broader market, a 52-week range of 3.97-24.41, average daily share volume of 5.6M, a public-listing history dating back to 2025, approximately 341 full-time employees. These structural characteristics shape how ALM stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 2.05 indicates ALM has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position.
What is a cash-secured put on ALM?
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.
ALM snapshot
As of August 14, 2026, spot at $15.12, ATM IV 90.40%, expected move 25.92%. The cash-secured put on ALM 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 35-day expiry.
Why this cash-secured put structure on ALM specifically: IV rank is unavailable in the current snapshot, so regime-based timing for ALM is inferred from ATM IV at 90.40% alone, with a market-implied 1-standard-deviation move of approximately 25.92% (roughly $3.92 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 ALM expiries trade a higher absolute premium for lower per-day decay. Position sizing on ALM should anchor to the underlying notional of $15.12 per share and to the trader's directional view on ALM stock.
ALM cash-secured put setup
The ALM 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 ALM at $15.12 on that close, the first option leg uses a $14.36 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ALM 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 ALM shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $14.36 | N/A |
ALM 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.
ALM cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on ALM. 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 ALM
Cash-secured puts on ALM earn premium while a trader waits to acquire ALM stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning ALM.
ALM thesis for this cash-secured put
The market-implied 1-standard-deviation range for ALM extends from approximately $11.20 on the downside to $19.04 on the upside. A ALM cash-secured put lets a trader earn premium while waiting to acquire ALM 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 Basic Materials name, ALM options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ALM-specific events.
ALM 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. ALM positions also carry Basic Materials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move ALM alongside the broader basket even when ALM-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on ALM carry tail risk when realized volatility exceeds the implied move; review historical ALM earnings reactions and macro stress periods before sizing. Always rebuild the position from current ALM chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on ALM?
- A cash-secured put on ALM is the cash-secured put strategy applied to ALM (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 ALM stock at $15.12 on the most recent close, the strikes shown on this page are snapped to the nearest listed ALM chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are ALM 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 ALM cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 90.40%), 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 ALM cash-secured put?
- The breakeven for the ALM 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 ALM market-implied 1-standard-deviation expected move in the same options snapshot is approximately 25.92%; 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 ALM?
- Cash-secured puts on ALM earn premium while a trader waits to acquire ALM stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning ALM.
- How does current ALM implied volatility affect this cash-secured put?
- Current ALM ATM IV is 90.40%; IV rank context is unavailable in the current snapshot.