CAMT Cash-Secured Put Strategy
CAMT (Camtek Ltd.), in the Technology sector, (Semiconductors industry), listed on NASDAQ.
Camtek Ltd., operating with its subsidiaries, is dedicated to the development, manufacturing, and global distribution of advanced inspection and precision measurement tools. These critical systems serve a variety of specialized segments within the semiconductor industry, encompassing areas such as sophisticated interconnect packaging, memory components, CMOS image sensors, micro-electromechanical systems (MEMS), and radio frequency (RF) devices, among others. The company's product lineup includes key inspection and metrology platforms: Eagle-i: Provides two-dimensional (2D) inspection and measurement capabilities. Eagle-AP: Specifically designed for the advanced packaging sector, this system leverages innovative software and hardware to deliver superior 2D and 3D inspection and metrology functionalities from a single integrated platform. Golden Eagle: A dedicated panel inspection and metrology solution engineered to support fan-out wafer-level packaging applications. Camtek's market reach spans several key regions, including the Asia Pacific, the United States, and Europe, where it sells its innovative offerings.
CAMT (Camtek Ltd.) trades in the Technology sector, specifically Semiconductors, with a market capitalization of approximately $7.08B, a trailing P/E of 148.26, a beta of 1.56 versus the broader market, a 52-week range of 75.75-215.99, average daily share volume of 461K, a public-listing history dating back to 2000, approximately 656 full-time employees. These structural characteristics shape how CAMT stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.56 indicates CAMT has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. The trailing P/E of 148.26 is on the rich side, which tends to correlate with higher earnings-window IV expansion as the market debates whether forward growth supports the multiple. CAMT 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 CAMT?
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 CAMT snapshot
As of June 30, 2026, spot at $163.17, ATM IV 82.60%, IV rank 43.84%, expected move 23.68%. The cash-secured put on CAMT 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 CAMT specifically: CAMT IV at 82.60% is mid-range versus its 1-year history, so the credit collected on a CAMT cash-secured put sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 23.68% (roughly $38.64 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 CAMT expiries trade a higher absolute premium for lower per-day decay. Position sizing on CAMT should anchor to the underlying notional of $163.17 per share and to the trader's directional view on CAMT stock.
CAMT cash-secured put setup
The CAMT 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 CAMT near $163.17, the first option leg uses a $155.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed CAMT 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 CAMT shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $155.00 | $8.20 |
CAMT cash-secured put risk and reward
- Net Premium / Debit
- +$820.00
- Max Profit (per contract)
- $820.00
- Max Loss (per contract)
- -$14,679.00
- Breakeven(s)
- $146.80
- Risk / Reward Ratio
- 0.056
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
CAMT cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on CAMT. 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.
| Underlying Price | % From Spot | P&L at Expiration |
|---|---|---|
| $0.01 | -100.0% | -$14,679.00 |
| $36.09 | -77.9% | -$11,071.33 |
| $72.16 | -55.8% | -$7,463.66 |
| $108.24 | -33.7% | -$3,855.99 |
| $144.32 | -11.6% | -$248.33 |
| $180.39 | +10.6% | +$820.00 |
| $216.47 | +32.7% | +$820.00 |
| $252.55 | +54.8% | +$820.00 |
| $288.62 | +76.9% | +$820.00 |
| $324.70 | +99.0% | +$820.00 |
When traders use cash-secured put on CAMT
Cash-secured puts on CAMT earn premium while a trader waits to acquire CAMT stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning CAMT.
CAMT thesis for this cash-secured put
The market-implied 1-standard-deviation range for CAMT extends from approximately $124.53 on the downside to $201.81 on the upside. A CAMT cash-secured put lets a trader earn premium while waiting to acquire CAMT 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 CAMT IV rank near 43.84% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put thesis on CAMT should anchor more to the directional view and the expected-move geometry. As a Technology name, CAMT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to CAMT-specific events.
CAMT 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. CAMT positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move CAMT alongside the broader basket even when CAMT-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on CAMT carry tail risk when realized volatility exceeds the implied move; review historical CAMT earnings reactions and macro stress periods before sizing. Always rebuild the position from current CAMT chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on CAMT?
- A cash-secured put on CAMT is the cash-secured put strategy applied to CAMT (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 CAMT stock trading near $163.17, the strikes shown on this page are snapped to the nearest listed CAMT chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are CAMT 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 CAMT cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 82.60%), the computed maximum profit is $820.00 per contract and the computed maximum loss is -$14,679.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a CAMT cash-secured put?
- The breakeven for the CAMT cash-secured put priced on this page is roughly $146.80 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 CAMT market-implied 1-standard-deviation expected move is approximately 23.68%; 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 CAMT?
- Cash-secured puts on CAMT earn premium while a trader waits to acquire CAMT stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning CAMT.
- How does current CAMT implied volatility affect this cash-secured put?
- CAMT ATM IV is at 82.60% with IV rank near 43.84%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.