AMSF Cash-Secured Put Strategy
AMSF (AMERISAFE, Inc.), in the Financial Services sector, (Insurance - Specialty industry), listed on NASDAQ.
Operating as an insurance holding company, AMERISAFE, Inc. specializes in providing workers' compensation coverage across the United States. Its policies offer crucial financial protection to injured employees, addressing costs related to temporary or permanent disability, death benefits, and medical and hospital expenses. The firm primarily serves small to medium-sized businesses operating in high-risk industries, including but not limited to construction, trucking, forestry, agriculture, manufacturing, telecommunications, and maritime sectors. AMERISAFE, Inc. was established in 1985 and is headquartered in DeRidder, Louisiana.
AMSF (AMERISAFE, Inc.) trades in the Financial Services sector, specifically Insurance - Specialty, with a market capitalization of approximately $521.3M, a trailing P/E of 11.07, a beta of 0.28 versus the broader market, a 52-week range of 27.795-47.86, average daily share volume of 236K, a public-listing history dating back to 2005, approximately 362 full-time employees. These structural characteristics shape how AMSF stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.28 indicates AMSF 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 11.07 is on the value side, where IV often compresses outside event windows because forward growth expectations are already discounted into the share price. AMSF 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 AMSF?
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.
AMSF snapshot
As of August 14, 2026, spot at $27.84, ATM IV 49.80%, IV rank 20.80%, expected move 14.28%. The cash-secured put on AMSF 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 AMSF specifically: AMSF IV at 49.80% is on the cheap side of its 1-year range, which means a premium-selling AMSF cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 14.28% (roughly $3.97 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 AMSF expiries trade a higher absolute premium for lower per-day decay. Position sizing on AMSF should anchor to the underlying notional of $27.84 per share and to the trader's directional view on AMSF stock.
AMSF cash-secured put setup
The AMSF 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 AMSF at $27.84 on that close, the first option leg uses a $26.45 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AMSF 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 AMSF shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $26.45 | N/A |
AMSF 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.
AMSF cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on AMSF. 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 AMSF
Cash-secured puts on AMSF earn premium while a trader waits to acquire AMSF stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning AMSF.
AMSF thesis for this cash-secured put
The market-implied 1-standard-deviation range for AMSF extends from approximately $23.87 on the downside to $31.81 on the upside. A AMSF cash-secured put lets a trader earn premium while waiting to acquire AMSF 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 AMSF IV rank near 20.80% 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 AMSF at 49.80%. As a Financial Services name, AMSF options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AMSF-specific events.
AMSF 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. AMSF positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move AMSF alongside the broader basket even when AMSF-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on AMSF carry tail risk when realized volatility exceeds the implied move; review historical AMSF earnings reactions and macro stress periods before sizing. Always rebuild the position from current AMSF chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on AMSF?
- A cash-secured put on AMSF is the cash-secured put strategy applied to AMSF (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 AMSF stock at $27.84 on the most recent close, the strikes shown on this page are snapped to the nearest listed AMSF chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are AMSF 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 AMSF cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 49.80%), 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 AMSF cash-secured put?
- The breakeven for the AMSF 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 AMSF market-implied 1-standard-deviation expected move in the same options snapshot is approximately 14.28%; 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 AMSF?
- Cash-secured puts on AMSF earn premium while a trader waits to acquire AMSF stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning AMSF.
- How does current AMSF implied volatility affect this cash-secured put?
- AMSF ATM IV is at 49.80% with IV rank near 20.80%, 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.