CSHR Cash-Secured Put Strategy

CSHR (CoinShares PLC Ordinary Shares), in the Financial Services sector, (Financial - Capital Markets industry), listed on NASDAQ.

CoinShares PLC, a Jersey-based entity, focuses on crafting financial products that utilize digital assets and blockchain technology. The company's business is organized into three primary segments: Asset Management, Capital Markets, and Principal Investments. Its diverse product lineup features offerings such as CoinShares Physical, CoinShares Valkyrie, CoinShares XBT, and The Blockchain Global Equity Index. Furthermore, the firm extends its services to encompass hedge fund solutions, various indices, venture capital support, and capital markets advisory. CoinShares PLC was established in 2013, with its headquarters located in Saint Helier, Jersey.

CSHR (CoinShares PLC Ordinary Shares) trades in the Financial Services sector, specifically Financial - Capital Markets, with a market capitalization of approximately $673.4M, a trailing P/E of 2.60, a beta of -1.47 versus the broader market, a 52-week range of 3.51-10.43, average daily share volume of 401K, a public-listing history dating back to 2026, approximately 93 full-time employees. These structural characteristics shape how CSHR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of -1.47 indicates CSHR has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. The trailing P/E of 2.60 is on the value side, where IV often compresses outside event windows because forward growth expectations are already discounted into the share price.

What is a cash-secured put on CSHR?

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.

CSHR snapshot

As of August 14, 2026, spot at $5.14, ATM IV 105.90%, expected move 30.36%. The cash-secured put on CSHR below is built from the end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 35-day expiry.

Why this cash-secured put structure on CSHR specifically: IV rank is unavailable in the current snapshot, so regime-based timing for CSHR is inferred from ATM IV at 105.90% alone, with a market-implied 1-standard-deviation move of approximately 30.36% (roughly $1.56 on the underlying). The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated CSHR expiries trade a higher absolute premium for lower per-day decay. Position sizing on CSHR should anchor to the underlying notional of $5.14 per share and to the trader's directional view on CSHR stock.

CSHR cash-secured put setup

The CSHR 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 CSHR at $5.14 on that close, the first option leg uses a $4.88 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed CSHR chain at a 35-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 CSHR shares for the stock leg in covered calls and collars).

ActionTypeStrike / BasisPremium (est)
Sell 1Put$4.88N/A

CSHR 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.

CSHR cash-secured put payoff curve

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

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

CSHR thesis for this cash-secured put

The market-implied 1-standard-deviation range for CSHR extends from approximately $3.58 on the downside to $6.70 on the upside. A CSHR cash-secured put lets a trader earn premium while waiting to acquire CSHR 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, CSHR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to CSHR-specific events.

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

Frequently asked questions

What is a cash-secured put on CSHR?
A cash-secured put on CSHR is the cash-secured put strategy applied to CSHR (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 CSHR stock at $5.14 on the most recent close, the strikes shown on this page are snapped to the nearest listed CSHR chain strike and the premiums come straight from that session's bid/ask midpoint.
How are CSHR 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 CSHR cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 105.90%), 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 CSHR cash-secured put?
The breakeven for the CSHR cash-secured put priced on this page is no defined breakeven on the modeled curve at expiration, derived from the 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 CSHR market-implied 1-standard-deviation expected move in the same options snapshot is approximately 30.36%; 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 CSHR?
Cash-secured puts on CSHR earn premium while a trader waits to acquire CSHR stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning CSHR.
How does current CSHR implied volatility affect this cash-secured put?
Current CSHR ATM IV is 105.90%; IV rank context is unavailable in the current snapshot.

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