How are CHYM 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 CHYM cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 50.20%), the computed maximum profit is $685.00 per contract and the computed maximum loss is -$2,314.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a CHYM cash-secured put?

The breakeven for the CHYM cash-secured put priced on this page is roughly $23.15 at expiration, derived from the August 14, 2026 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 CHYM market-implied 1-standard-deviation expected move in the same options snapshot is approximately 14.39%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current CHYM implied volatility affect this cash-secured put?

CHYM ATM IV is at 50.20% with IV rank near 23.56%, 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.

CHYM Cash-Secured Put Strategy

CHYM (Chime Financial, Inc. Class A Common Stock), in the Financial Services sector, (Banks - Regional industry), listed on NASDAQ.

Chime functions as a digital-first financial technology company, delivering a range of banking services that come without typical fees. These offerings, which encompass checking and savings accounts, early access to paychecks, and overdraft protection, are provided in collaboration with banks that are insured by the FDIC. Chime largely targets consumers whose annual income is under $100,000, with its primary revenue stream originating from interchange fees.

CHYM (Chime Financial, Inc. Class A Common Stock) trades in the Financial Services sector, specifically Banks - Regional, with a market capitalization of approximately $12.20B, a beta of 0.32 versus the broader market, a 52-week range of 15.88-33.41, average daily share volume of 5.9M, a public-listing history dating back to 2025, approximately 2K full-time employees. These structural characteristics shape how CHYM stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.32 indicates CHYM 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 CHYM?

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.

CHYM snapshot

As of August 14, 2026, spot at $31.99, ATM IV 50.20%, IV rank 23.56%, expected move 14.39%. The cash-secured put on CHYM below is built from the August 14, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 525-day expiry.

Why this cash-secured put structure on CHYM specifically: CHYM IV at 50.20% is on the cheap side of its 1-year range, which means a premium-selling CHYM cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 14.39% (roughly $4.60 on the underlying). The 525-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated CHYM expiries trade a higher absolute premium for lower per-day decay. Position sizing on CHYM should anchor to the underlying notional of $31.99 per share and to the trader's directional view on CHYM stock.

CHYM cash-secured put setup

The CHYM cash-secured put below is built from the August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With CHYM at $31.99 on that close, the first option leg uses a $30.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed CHYM chain at a 525-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 CHYM shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$30.00	$6.85

CHYM cash-secured put risk and reward

Net Premium / Debit: +$685.00
Max Profit (per contract): $685.00
Max Loss (per contract): -$2,314.00
Breakeven(s): $23.15
Risk / Reward Ratio: 0.296

Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.

CHYM cash-secured put payoff curve

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

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	-$2,314.00
$7.08	-77.9%	-$1,606.79
$14.15	-55.8%	-$899.59
$21.23	-33.6%	-$192.38
$28.30	-11.5%	+$514.82
$35.37	+10.6%	+$685.00
$42.44	+32.7%	+$685.00
$49.51	+54.8%	+$685.00
$56.59	+76.9%	+$685.00
$63.66	+99.0%	+$685.00

When traders use cash-secured put on CHYM

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

CHYM thesis for this cash-secured put

The market-implied 1-standard-deviation range for CHYM extends from approximately $27.39 on the downside to $36.59 on the upside. A CHYM cash-secured put lets a trader earn premium while waiting to acquire CHYM 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 CHYM IV rank near 23.56% 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 CHYM at 50.20%. As a Financial Services name, CHYM options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to CHYM-specific events.

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

Frequently asked questions

What is a cash-secured put on CHYM?: A cash-secured put on CHYM is the cash-secured put strategy applied to CHYM (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 CHYM stock at $31.99 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed CHYM chain strike and the premiums come straight from that session's bid/ask midpoint.
How are CHYM 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 CHYM cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 50.20%), the computed maximum profit is $685.00 per contract and the computed maximum loss is -$2,314.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a CHYM cash-secured put?: The breakeven for the CHYM cash-secured put priced on this page is roughly $23.15 at expiration, derived from the August 14, 2026 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 CHYM market-implied 1-standard-deviation expected move in the same options snapshot is approximately 14.39%; 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 CHYM?: Cash-secured puts on CHYM earn premium while a trader waits to acquire CHYM stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning CHYM.
How does current CHYM implied volatility affect this cash-secured put?: CHYM ATM IV is at 50.20% with IV rank near 23.56%, 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.