AZ Cash-Secured Put Strategy
AZ (A2Z Cust2Mate Solutions Corp.), in the Technology sector, (Software - Application industry), listed on NASDAQ.
A2Z Smart Technologies Corp. provides services in the field of advanced engineering capabilities to the military/security markets and governmental agencies in Israel. The company produces unmanned remote-controlled vehicles and energy power packs; products for the civilian and retail markets; and fuel tank intelligent containment system, a capsule that can be placed in a fuel tank to prevent gas tank explosions. It also offers retail automation solutions for large grocery stores and supermarkets, as well as offers maintenance and calibration services to external and in-house complex electronic systems and products. A2Z Smart Technologies is headquartered in Vancouver, Canada.
AZ (A2Z Cust2Mate Solutions Corp.) trades in the Technology sector, specifically Software - Application, with a market capitalization of approximately $238.9M, a beta of 1.31 versus the broader market, a 52-week range of 4.998-12.36, average daily share volume of 389K, a public-listing history dating back to 2021, approximately 201 full-time employees. These structural characteristics shape how AZ stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.31 indicates AZ 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 AZ?
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 AZ snapshot
As of May 15, 2026, spot at $5.84, ATM IV 79.10%, IV rank 16.56%, expected move 22.68%. The cash-secured put on AZ 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 34-day expiry.
Why this cash-secured put structure on AZ specifically: AZ IV at 79.10% is on the cheap side of its 1-year range, which means a premium-selling AZ cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 22.68% (roughly $1.32 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated AZ expiries trade a higher absolute premium for lower per-day decay. Position sizing on AZ should anchor to the underlying notional of $5.84 per share and to the trader's directional view on AZ stock.
AZ cash-secured put setup
The AZ 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 AZ near $5.84, the first option leg uses a $5.55 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed AZ chain at a 34-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 AZ shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $5.55 | N/A |
AZ 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.
AZ cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on AZ. 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 AZ
Cash-secured puts on AZ earn premium while a trader waits to acquire AZ stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning AZ.
AZ thesis for this cash-secured put
The market-implied 1-standard-deviation range for AZ extends from approximately $4.52 on the downside to $7.16 on the upside. A AZ cash-secured put lets a trader earn premium while waiting to acquire AZ 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 AZ IV rank near 16.56% 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 AZ at 79.10%. As a Technology name, AZ options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to AZ-specific events.
AZ 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. AZ positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move AZ alongside the broader basket even when AZ-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on AZ carry tail risk when realized volatility exceeds the implied move; review historical AZ earnings reactions and macro stress periods before sizing. Always rebuild the position from current AZ chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on AZ?
- A cash-secured put on AZ is the cash-secured put strategy applied to AZ (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 AZ stock trading near $5.84, the strikes shown on this page are snapped to the nearest listed AZ chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are AZ 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 AZ cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 79.10%), 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 AZ cash-secured put?
- The breakeven for the AZ 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 AZ market-implied 1-standard-deviation expected move is approximately 22.68%; 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 AZ?
- Cash-secured puts on AZ earn premium while a trader waits to acquire AZ stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning AZ.
- How does current AZ implied volatility affect this cash-secured put?
- AZ ATM IV is at 79.10% with IV rank near 16.56%, 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.