CHRW Cash-Secured Put Strategy
CHRW (C.H. Robinson Worldwide, Inc.), in the Industrials sector, (Integrated Freight & Logistics industry), listed on NASDAQ.
C.H. Robinson Worldwide, Inc., together with its subsidiaries, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates in two segments, North American Surface Transportation and Global Forwarding. It offers transportation and logistics services, such as truckload; less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprise the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel ocean common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services. The company also offers customs broker services; and other logistics services, such as fee-based managed, warehousing, small parcel, and other services. It has contractual relationships with approximately 85,000 transportation companies, including motor carriers, railroads, and air and ocean carriers.
CHRW (C.H. Robinson Worldwide, Inc.) trades in the Industrials sector, specifically Integrated Freight & Logistics, with a market capitalization of approximately $19.24B, a trailing P/E of 32.65, a beta of 0.94 versus the broader market, a 52-week range of 92.36-203.34, average daily share volume of 2.0M, a public-listing history dating back to 1997, approximately 13K full-time employees. These structural characteristics shape how CHRW stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.94 places CHRW roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. CHRW 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 CHRW?
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 CHRW snapshot
As of May 15, 2026, spot at $164.19, ATM IV 35.80%, IV rank 43.11%, expected move 10.26%. The cash-secured put on CHRW 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 CHRW specifically: CHRW IV at 35.80% is mid-range versus its 1-year history, so the credit collected on a CHRW cash-secured put sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 10.26% (roughly $16.85 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 CHRW expiries trade a higher absolute premium for lower per-day decay. Position sizing on CHRW should anchor to the underlying notional of $164.19 per share and to the trader's directional view on CHRW stock.
CHRW cash-secured put setup
The CHRW 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 CHRW near $164.19, 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 CHRW 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 CHRW shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $155.00 | $3.80 |
CHRW cash-secured put risk and reward
- Net Premium / Debit
- +$380.00
- Max Profit (per contract)
- $380.00
- Max Loss (per contract)
- -$15,119.00
- Breakeven(s)
- $151.20
- Risk / Reward Ratio
- 0.025
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
CHRW cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on CHRW. 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% | -$15,119.00 |
| $36.31 | -77.9% | -$11,488.78 |
| $72.61 | -55.8% | -$7,858.56 |
| $108.92 | -33.7% | -$4,228.34 |
| $145.22 | -11.6% | -$598.12 |
| $181.52 | +10.6% | +$380.00 |
| $217.82 | +32.7% | +$380.00 |
| $254.13 | +54.8% | +$380.00 |
| $290.43 | +76.9% | +$380.00 |
| $326.73 | +99.0% | +$380.00 |
When traders use cash-secured put on CHRW
Cash-secured puts on CHRW earn premium while a trader waits to acquire CHRW stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning CHRW.
CHRW thesis for this cash-secured put
The market-implied 1-standard-deviation range for CHRW extends from approximately $147.34 on the downside to $181.04 on the upside. A CHRW cash-secured put lets a trader earn premium while waiting to acquire CHRW 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 CHRW IV rank near 43.11% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put thesis on CHRW should anchor more to the directional view and the expected-move geometry. As a Industrials name, CHRW options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to CHRW-specific events.
CHRW 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. CHRW positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move CHRW alongside the broader basket even when CHRW-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on CHRW carry tail risk when realized volatility exceeds the implied move; review historical CHRW earnings reactions and macro stress periods before sizing. Always rebuild the position from current CHRW chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on CHRW?
- A cash-secured put on CHRW is the cash-secured put strategy applied to CHRW (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 CHRW stock trading near $164.19, the strikes shown on this page are snapped to the nearest listed CHRW chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are CHRW 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 CHRW cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 35.80%), the computed maximum profit is $380.00 per contract and the computed maximum loss is -$15,119.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a CHRW cash-secured put?
- The breakeven for the CHRW cash-secured put priced on this page is roughly $151.20 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 CHRW market-implied 1-standard-deviation expected move is approximately 10.26%; 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 CHRW?
- Cash-secured puts on CHRW earn premium while a trader waits to acquire CHRW stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning CHRW.
- How does current CHRW implied volatility affect this cash-secured put?
- CHRW ATM IV is at 35.80% with IV rank near 43.11%, 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.