How are ECG 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 ECG cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 57.50%), the computed maximum profit is $425.00 per contract and the computed maximum loss is -$15,074.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

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

The breakeven for the ECG cash-secured put priced on this page is roughly $150.75 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 ECG market-implied 1-standard-deviation expected move is approximately 16.48%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

ECG ATM IV is at 57.50% with IV rank near 13.56%, 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.

ECG Cash-Secured Put Strategy

ECG (Everus Construction Group, Inc.), in the Industrials sector, (Engineering & Construction industry), listed on NYSE.

Everus Construction Group, Inc. specializes in developing utility infrastructure. Their comprehensive service portfolio includes building electrical transmission lines and pipelines, alongside internal electrical wiring, cabling installations, and various mechanical solutions. Furthermore, the firm manufactures and distributes specialized equipment and electrical control panels. They are also responsible for the installation and ongoing maintenance of automatic fire suppression systems, particularly within the Las Vegas and Reno regions. This company was founded in 1995 and maintains its primary base of operations in Bismarck, North Dakota.

ECG (Everus Construction Group, Inc.) trades in the Industrials sector, specifically Engineering & Construction, with a market capitalization of approximately $7.93B, a trailing P/E of 35.52, a beta of 2.42 versus the broader market, a 52-week range of 60.783-171.577, average daily share volume of 623K, a public-listing history dating back to 2024, approximately 9K full-time employees. These structural characteristics shape how ECG stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 2.42 indicates ECG has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. The trailing P/E of 35.52 is on the rich side, which tends to correlate with higher earnings-window IV expansion as the market debates whether forward growth supports the multiple.

What is a cash-secured put on ECG?

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 ECG snapshot

As of June 30, 2026, spot at $165.64, ATM IV 57.50%, IV rank 13.56%, expected move 16.48%. The cash-secured put on ECG 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 17-day expiry.

Why this cash-secured put structure on ECG specifically: ECG IV at 57.50% is on the cheap side of its 1-year range, which means a premium-selling ECG cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 16.48% (roughly $27.31 on the underlying). The 17-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated ECG expiries trade a higher absolute premium for lower per-day decay. Position sizing on ECG should anchor to the underlying notional of $165.64 per share and to the trader's directional view on ECG stock.

ECG cash-secured put setup

The ECG 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 ECG near $165.64, the first option leg uses a $155.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ECG chain at a 17-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 ECG shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$155.00	$4.25

ECG cash-secured put risk and reward

Net Premium / Debit: +$425.00
Max Profit (per contract): $425.00
Max Loss (per contract): -$15,074.00
Breakeven(s): $150.75
Risk / Reward Ratio: 0.028

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

ECG cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on ECG. 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%	-$15,074.00
$36.63	-77.9%	-$11,411.72
$73.26	-55.8%	-$7,749.44
$109.88	-33.7%	-$4,087.16
$146.50	-11.6%	-$424.87
$183.12	+10.6%	+$425.00
$219.75	+32.7%	+$425.00
$256.37	+54.8%	+$425.00
$292.99	+76.9%	+$425.00
$329.62	+99.0%	+$425.00

When traders use cash-secured put on ECG

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

ECG thesis for this cash-secured put

The market-implied 1-standard-deviation range for ECG extends from approximately $138.33 on the downside to $192.95 on the upside. A ECG cash-secured put lets a trader earn premium while waiting to acquire ECG 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 ECG IV rank near 13.56% 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 ECG at 57.50%. As a Industrials name, ECG options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ECG-specific events.

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

Frequently asked questions

What is a cash-secured put on ECG?: A cash-secured put on ECG is the cash-secured put strategy applied to ECG (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 ECG stock trading near $165.64, the strikes shown on this page are snapped to the nearest listed ECG chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are ECG 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 ECG cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 57.50%), the computed maximum profit is $425.00 per contract and the computed maximum loss is -$15,074.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a ECG cash-secured put?: The breakeven for the ECG cash-secured put priced on this page is roughly $150.75 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 ECG market-implied 1-standard-deviation expected move is approximately 16.48%; 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 ECG?: Cash-secured puts on ECG earn premium while a trader waits to acquire ECG stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning ECG.
How does current ECG implied volatility affect this cash-secured put?: ECG ATM IV is at 57.50% with IV rank near 13.56%, 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.