How are CPTL 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 CPTL cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 16.90%), the computed maximum profit is $46.00 per contract and the computed maximum loss is -$4,653.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

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

The breakeven for the CPTL cash-secured put priced on this page is roughly $46.54 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 CPTL market-implied 1-standard-deviation expected move in the same options snapshot is approximately 4.85%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

Current CPTL ATM IV is 16.90%; IV rank context is unavailable in the current snapshot.

CPTL Cash-Secured Put Strategy

CPTL (Global X Conscious Companies ETF), in the Financial Services sector, (Asset Management industry), listed on NASDAQ.

KRMA tracks an equal-weighted index that focuses on ESG factors as they relate to the five stakeholders of a company: customers, employees, suppliers, stock and debt holders, and communities in which the company operates. Specifically, the index uses a multitude of information resources, public rankings, and proprietary models to score and rank companies that exhibit positive ESG characteristics such as employee productivity, customer loyalty, corporate governance, executive integrity, and quality of financial reporting, among a number of other categories. The final step in the process screens out companies that havent exhibited these ESG characteristics for three consecutive years. Minimum capitalization for KRMA is USD 2 billion, effectively screening out many small caps. The fund makes no claims to sector constraints. The Index undergoes annual reconstitution in October and quarterly rebalance starting each in January.

CPTL (Global X Conscious Companies ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $120.2M, a beta of 1.01 versus the broader market, a 52-week range of 40.412-49.684, average daily share volume of 4K, a public-listing history dating back to 2016. These structural characteristics shape how CPTL stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.01 places CPTL roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. CPTL 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 CPTL?

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.

CPTL snapshot

As of August 14, 2026, spot at $49.55, ATM IV 16.90%, expected move 4.85%. The cash-secured put on CPTL 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 98-day expiry.

Why this cash-secured put structure on CPTL specifically: IV rank is unavailable in the current snapshot, so regime-based timing for CPTL is inferred from ATM IV at 16.90% alone, with a market-implied 1-standard-deviation move of approximately 4.85% (roughly $2.40 on the underlying). The 98-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated CPTL expiries trade a higher absolute premium for lower per-day decay. Position sizing on CPTL should anchor to the underlying notional of $49.55 per share and to the trader's directional view on CPTL stock.

CPTL cash-secured put setup

The CPTL 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 CPTL at $49.55 on that close, the first option leg uses a $47.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed CPTL chain at a 98-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 CPTL shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$47.00	$0.46

CPTL cash-secured put risk and reward

Net Premium / Debit: +$46.00
Max Profit (per contract): $46.00
Max Loss (per contract): -$4,653.00
Breakeven(s): $46.54
Risk / Reward Ratio: 0.010

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

CPTL cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on CPTL. 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%	-$4,653.00
$10.96	-77.9%	-$3,557.53
$21.92	-55.8%	-$2,462.07
$32.87	-33.7%	-$1,366.60
$43.83	-11.5%	-$271.13
$54.78	+10.6%	+$46.00
$65.74	+32.7%	+$46.00
$76.69	+54.8%	+$46.00
$87.65	+76.9%	+$46.00
$98.60	+99.0%	+$46.00

When traders use cash-secured put on CPTL

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

CPTL thesis for this cash-secured put

The market-implied 1-standard-deviation range for CPTL extends from approximately $47.15 on the downside to $51.95 on the upside. A CPTL cash-secured put lets a trader earn premium while waiting to acquire CPTL 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 Financial Services name, CPTL options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to CPTL-specific events.

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

Frequently asked questions

What is a cash-secured put on CPTL?: A cash-secured put on CPTL is the cash-secured put strategy applied to CPTL (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 CPTL stock at $49.55 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed CPTL chain strike and the premiums come straight from that session's bid/ask midpoint.
How are CPTL 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 CPTL cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 16.90%), the computed maximum profit is $46.00 per contract and the computed maximum loss is -$4,653.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a CPTL cash-secured put?: The breakeven for the CPTL cash-secured put priced on this page is roughly $46.54 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 CPTL market-implied 1-standard-deviation expected move in the same options snapshot is approximately 4.85%; 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 CPTL?: Cash-secured puts on CPTL earn premium while a trader waits to acquire CPTL stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning CPTL.
How does current CPTL implied volatility affect this cash-secured put?: Current CPTL ATM IV is 16.90%; IV rank context is unavailable in the current snapshot.