CRWV Cash-Secured Put Strategy
CRWV (CoreWeave, Inc. Class A Common Stock), in the Technology sector, (Software - Infrastructure industry), listed on NASDAQ.
CoreWeave, Inc. operates a cloud platform that provides scaling, support, and acceleration for GenAI. The company builds the infrastructure that supports compute workloads for enterprises. Its products include GPU compute, CPU compute, storage services, networking services, managed services, and virtual and bare metal servers. Additionally, its platform offers a fleet lifecycle controller, node lifecycle controller, tensorizer, and observability. The company's services also include VFX and rendering, AI model training, AI interference, and mission control. CoreWeave, Inc. was formerly known as Atlantic Crypto Corporation and changed its name to CoreWeave, Inc. in December 2019.
CRWV (CoreWeave, Inc. Class A Common Stock) trades in the Technology sector, specifically Software - Infrastructure, with a market capitalization of approximately $60.73B, a beta of 7.80 versus the broader market, a 52-week range of 61.33-187, average daily share volume of 28.2M, a public-listing history dating back to 2025, approximately 881 full-time employees. These structural characteristics shape how CRWV stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 7.80 indicates CRWV 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 CRWV?
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 CRWV snapshot
As of May 15, 2026, spot at $107.78, ATM IV 83.99%, IV rank 18.77%, expected move 24.08%. The cash-secured put on CRWV 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 28-day expiry.
Why this cash-secured put structure on CRWV specifically: CRWV IV at 83.99% is on the cheap side of its 1-year range, which means a premium-selling CRWV cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 24.08% (roughly $25.95 on the underlying). The 28-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated CRWV expiries trade a higher absolute premium for lower per-day decay. Position sizing on CRWV should anchor to the underlying notional of $107.78 per share and to the trader's directional view on CRWV stock.
CRWV cash-secured put setup
The CRWV 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 CRWV near $107.78, the first option leg uses a $102.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed CRWV chain at a 28-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 CRWV shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $102.00 | $6.95 |
CRWV cash-secured put risk and reward
- Net Premium / Debit
- +$695.00
- Max Profit (per contract)
- $695.00
- Max Loss (per contract)
- -$9,504.00
- Breakeven(s)
- $95.05
- Risk / Reward Ratio
- 0.073
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
CRWV cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on CRWV. 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% | -$9,504.00 |
| $23.84 | -77.9% | -$7,121.04 |
| $47.67 | -55.8% | -$4,738.07 |
| $71.50 | -33.7% | -$2,355.11 |
| $95.33 | -11.6% | +$27.86 |
| $119.16 | +10.6% | +$695.00 |
| $142.99 | +32.7% | +$695.00 |
| $166.82 | +54.8% | +$695.00 |
| $190.65 | +76.9% | +$695.00 |
| $214.48 | +99.0% | +$695.00 |
When traders use cash-secured put on CRWV
Cash-secured puts on CRWV earn premium while a trader waits to acquire CRWV stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning CRWV.
CRWV thesis for this cash-secured put
The market-implied 1-standard-deviation range for CRWV extends from approximately $81.83 on the downside to $133.73 on the upside. A CRWV cash-secured put lets a trader earn premium while waiting to acquire CRWV 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 CRWV IV rank near 18.77% 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 CRWV at 83.99%. As a Technology name, CRWV options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to CRWV-specific events.
CRWV 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. CRWV positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move CRWV alongside the broader basket even when CRWV-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on CRWV carry tail risk when realized volatility exceeds the implied move; review historical CRWV earnings reactions and macro stress periods before sizing. Always rebuild the position from current CRWV chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on CRWV?
- A cash-secured put on CRWV is the cash-secured put strategy applied to CRWV (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 CRWV stock trading near $107.78, the strikes shown on this page are snapped to the nearest listed CRWV chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are CRWV 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 CRWV cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 83.99%), the computed maximum profit is $695.00 per contract and the computed maximum loss is -$9,504.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a CRWV cash-secured put?
- The breakeven for the CRWV cash-secured put priced on this page is roughly $95.05 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 CRWV market-implied 1-standard-deviation expected move is approximately 24.08%; 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 CRWV?
- Cash-secured puts on CRWV earn premium while a trader waits to acquire CRWV stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning CRWV.
- How does current CRWV implied volatility affect this cash-secured put?
- CRWV ATM IV is at 83.99% with IV rank near 18.77%, 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.