COUR Cash-Secured Put Strategy

COUR (Coursera, Inc.), in the Consumer Defensive sector, (Education & Training Services industry), listed on NYSE.

Coursera, Inc. operates an online educational content platform that connects learners, educators, organizations, and institutions. It offers online courses that include data science, business, computer science, information technology, health, social sciences, logic, project management, and digital marketing services; campus student plans; degree courses; and certification education. Coursera, Inc. was formerly known as Dkandu, Inc. and changed its name to Coursera, Inc. in April 2012. The company was incorporated in 2011 and is headquartered in Mountain View, California.

COUR (Coursera, Inc.) trades in the Consumer Defensive sector, specifically Education & Training Services, with a market capitalization of approximately $899.1M, a beta of 1.30 versus the broader market, a 52-week range of 5-13.56, average daily share volume of 5.2M, a public-listing history dating back to 2021, approximately 1K full-time employees. These structural characteristics shape how COUR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.30 indicates COUR has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position.

What is a cash-secured put on COUR?

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 COUR snapshot

As of May 15, 2026, spot at $5.22, ATM IV 64.30%, IV rank 8.36%, expected move 18.43%. The cash-secured put on COUR 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 COUR specifically: COUR IV at 64.30% is on the cheap side of its 1-year range, which means a premium-selling COUR cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 18.43% (roughly $0.96 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 COUR expiries trade a higher absolute premium for lower per-day decay. Position sizing on COUR should anchor to the underlying notional of $5.22 per share and to the trader's directional view on COUR stock.

COUR cash-secured put setup

The COUR 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 COUR near $5.22, the first option leg uses a $4.96 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed COUR 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 COUR shares for the stock leg in covered calls and collars).

ActionTypeStrike / BasisPremium (est)
Sell 1Put$4.96N/A

COUR 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.

COUR cash-secured put payoff curve

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

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

COUR thesis for this cash-secured put

The market-implied 1-standard-deviation range for COUR extends from approximately $4.26 on the downside to $6.18 on the upside. A COUR cash-secured put lets a trader earn premium while waiting to acquire COUR 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 COUR IV rank near 8.36% 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 COUR at 64.30%. As a Consumer Defensive name, COUR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to COUR-specific events.

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

Frequently asked questions

What is a cash-secured put on COUR?
A cash-secured put on COUR is the cash-secured put strategy applied to COUR (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 COUR stock trading near $5.22, the strikes shown on this page are snapped to the nearest listed COUR chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are COUR 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 COUR cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 64.30%), 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 COUR cash-secured put?
The breakeven for the COUR cash-secured put priced on this page is no defined breakeven on the modeled curve 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 COUR market-implied 1-standard-deviation expected move is approximately 18.43%; 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 COUR?
Cash-secured puts on COUR earn premium while a trader waits to acquire COUR stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning COUR.
How does current COUR implied volatility affect this cash-secured put?
COUR ATM IV is at 64.30% with IV rank near 8.36%, 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.

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