CBRE Cash-Secured Put Strategy
CBRE (CBRE Group, Inc.), in the Real Estate sector, (Real Estate - Services industry), listed on NYSE.
CBRE Group, Inc. operates as a commercial real estate services and investment company worldwide. It operates through three segments: Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, accounting, and financial services for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting. The Global Workplace Solutions segment offers facilities management, project management, and transaction management services. The Real Estate Investments segment provides investment management services under the CBRE Investment Management brand to pension funds, insurance companies, sovereign wealth funds, foundations, endowments, and other institutional investors; development services under the Trammell Crow Company brand primarily to users of and investors in commercial real estate; and flexible-space solutions under the CBRE Hana brand. The company was founded in 1906 and is headquartered in Dallas, Texas.
CBRE (CBRE Group, Inc.) trades in the Real Estate sector, specifically Real Estate - Services, with a market capitalization of approximately $41.18B, a trailing P/E of 31.56, a beta of 1.28 versus the broader market, a 52-week range of 118.81-174.27, average daily share volume of 2.2M, a public-listing history dating back to 2004, approximately 140K full-time employees. These structural characteristics shape how CBRE stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.28 places CBRE roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.
What is a cash-secured put on CBRE?
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 CBRE snapshot
As of May 15, 2026, spot at $130.22, ATM IV 34.80%, IV rank 36.90%, expected move 9.98%. The cash-secured put on CBRE 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 CBRE specifically: CBRE IV at 34.80% is mid-range versus its 1-year history, so the credit collected on a CBRE cash-secured put sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 9.98% (roughly $12.99 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 CBRE expiries trade a higher absolute premium for lower per-day decay. Position sizing on CBRE should anchor to the underlying notional of $130.22 per share and to the trader's directional view on CBRE stock.
CBRE cash-secured put setup
The CBRE 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 CBRE near $130.22, the first option leg uses a $125.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed CBRE 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 CBRE shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $125.00 | $3.65 |
CBRE cash-secured put risk and reward
- Net Premium / Debit
- +$365.00
- Max Profit (per contract)
- $365.00
- Max Loss (per contract)
- -$12,134.00
- Breakeven(s)
- $121.35
- Risk / Reward Ratio
- 0.030
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
CBRE cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on CBRE. 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% | -$12,134.00 |
| $28.80 | -77.9% | -$9,254.87 |
| $57.59 | -55.8% | -$6,375.75 |
| $86.38 | -33.7% | -$3,496.62 |
| $115.18 | -11.6% | -$617.50 |
| $143.97 | +10.6% | +$365.00 |
| $172.76 | +32.7% | +$365.00 |
| $201.55 | +54.8% | +$365.00 |
| $230.34 | +76.9% | +$365.00 |
| $259.13 | +99.0% | +$365.00 |
When traders use cash-secured put on CBRE
Cash-secured puts on CBRE earn premium while a trader waits to acquire CBRE stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning CBRE.
CBRE thesis for this cash-secured put
The market-implied 1-standard-deviation range for CBRE extends from approximately $117.23 on the downside to $143.21 on the upside. A CBRE cash-secured put lets a trader earn premium while waiting to acquire CBRE 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 CBRE IV rank near 36.90% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put thesis on CBRE should anchor more to the directional view and the expected-move geometry. As a Real Estate name, CBRE options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to CBRE-specific events.
CBRE 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. CBRE positions also carry Real Estate sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move CBRE alongside the broader basket even when CBRE-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on CBRE carry tail risk when realized volatility exceeds the implied move; review historical CBRE earnings reactions and macro stress periods before sizing. Always rebuild the position from current CBRE chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on CBRE?
- A cash-secured put on CBRE is the cash-secured put strategy applied to CBRE (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 CBRE stock trading near $130.22, the strikes shown on this page are snapped to the nearest listed CBRE chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are CBRE 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 CBRE cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 34.80%), the computed maximum profit is $365.00 per contract and the computed maximum loss is -$12,134.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a CBRE cash-secured put?
- The breakeven for the CBRE cash-secured put priced on this page is roughly $121.35 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 CBRE market-implied 1-standard-deviation expected move is approximately 9.98%; 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 CBRE?
- Cash-secured puts on CBRE earn premium while a trader waits to acquire CBRE stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning CBRE.
- How does current CBRE implied volatility affect this cash-secured put?
- CBRE ATM IV is at 34.80% with IV rank near 36.90%, 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.