CDNL Cash-Secured Put Strategy

CDNL (Cardinal Infrastructure Group Inc.), in the Industrials sector, (Engineering & Construction industry), listed on NASDAQ.

Cardinal Infrastructure Group Inc., a civil contracting company, provides site development and infrastructure services to the residential, commercial, industrial, municipal, and state infrastructure markets in the southeastern United States. It offers wet utility installations, such as water, sewer, and stormwater systems, as well as grading, site clearing, erosion control, drilling and blasting, paving, and other related site services. The company was formerly known as Civil Infrastructure Group Inc. and changed its name to Cardinal Infrastructure Group Inc. in September 2025. The company was founded in 2013 and is headquartered in Raleigh, North Carolina.

CDNL (Cardinal Infrastructure Group Inc.) trades in the Industrials sector, specifically Engineering & Construction, with a market capitalization of approximately $550.1M, a trailing P/E of 30.92, a beta of -0.43 versus the broader market, a 52-week range of 21.98-96.4, average daily share volume of 594K, a public-listing history dating back to 2025, approximately 1K full-time employees. These structural characteristics shape how CDNL stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of -0.43 indicates CDNL has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure.

What is a cash-secured put on CDNL?

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.

CDNL snapshot

As of August 14, 2026, spot at $38.91, ATM IV 86.10%, expected move 24.68%. The cash-secured put on CDNL 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 CDNL specifically: IV rank is unavailable in the current snapshot, so regime-based timing for CDNL is inferred from ATM IV at 86.10% alone, with a market-implied 1-standard-deviation move of approximately 24.68% (roughly $9.60 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 CDNL expiries trade a higher absolute premium for lower per-day decay. Position sizing on CDNL should anchor to the underlying notional of $38.91 per share and to the trader's directional view on CDNL stock.

CDNL cash-secured put setup

The CDNL 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 CDNL at $38.91 on that close, the first option leg uses a $36.96 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed CDNL 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 CDNL shares for the stock leg in covered calls and collars).

ActionTypeStrike / BasisPremium (est)
Sell 1Put$36.96N/A

CDNL 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.

CDNL cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on CDNL. 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 CDNL

Cash-secured puts on CDNL earn premium while a trader waits to acquire CDNL stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning CDNL.

CDNL thesis for this cash-secured put

The market-implied 1-standard-deviation range for CDNL extends from approximately $29.31 on the downside to $48.51 on the upside. A CDNL cash-secured put lets a trader earn premium while waiting to acquire CDNL 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 Industrials name, CDNL options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to CDNL-specific events.

CDNL 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. CDNL positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move CDNL alongside the broader basket even when CDNL-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on CDNL carry tail risk when realized volatility exceeds the implied move; review historical CDNL earnings reactions and macro stress periods before sizing. Always rebuild the position from current CDNL chain quotes before placing a trade.

Frequently asked questions

What is a cash-secured put on CDNL?
A cash-secured put on CDNL is the cash-secured put strategy applied to CDNL (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 CDNL stock at $38.91 on the most recent close, the strikes shown on this page are snapped to the nearest listed CDNL chain strike and the premiums come straight from that session's bid/ask midpoint.
How are CDNL 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 CDNL cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 86.10%), 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 CDNL cash-secured put?
The breakeven for the CDNL 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 CDNL market-implied 1-standard-deviation expected move in the same options snapshot is approximately 24.68%; 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 CDNL?
Cash-secured puts on CDNL earn premium while a trader waits to acquire CDNL stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning CDNL.
How does current CDNL implied volatility affect this cash-secured put?
Current CDNL ATM IV is 86.10%; IV rank context is unavailable in the current snapshot.

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