EDGQ Cash-Secured Put Strategy
EDGQ (Global X Nasdaq-100 Income Edge ETF), in the Financial Services sector, (Asset Management industry), listed on AMEX.
Global X Funds - Global X Nasdaq-100 Income Edge ETF is an exchange traded fund launched and managed by Global X Management Company LLC. The fund invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across non financial sectors. The fund invests directly and through derivatives in growth and value stocks of companies across diversified market capitalization. The fund uses derivatives such as options to create its portfolio. The fund seeks to benchmark the performance of its portfolio against the Nasdaq-100 Index.
EDGQ (Global X Nasdaq-100 Income Edge ETF) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $826,746, a beta of 1.13 versus the broader market, a 52-week range of 23.23-30.54, average daily share volume of 9K, a public-listing history dating back to 2026. These structural characteristics shape how EDGQ stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.13 places EDGQ roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. EDGQ 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 EDGQ?
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 EDGQ snapshot
As of June 29, 2026, spot at $27.80, ATM IV 59.90%, expected move 17.17%. The cash-secured put on EDGQ 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 53-day expiry.
Why this cash-secured put structure on EDGQ specifically: IV rank is unavailable in the current snapshot, so regime-based timing for EDGQ is inferred from ATM IV at 59.90% alone, with a market-implied 1-standard-deviation move of approximately 17.17% (roughly $4.77 on the underlying). The 53-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated EDGQ expiries trade a higher absolute premium for lower per-day decay. Position sizing on EDGQ should anchor to the underlying notional of $27.80 per share and to the trader's directional view on EDGQ stock.
EDGQ cash-secured put setup
The EDGQ 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 EDGQ near $27.80, the first option leg uses a $26.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed EDGQ chain at a 53-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 EDGQ shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $26.00 | $0.88 |
EDGQ cash-secured put risk and reward
- Net Premium / Debit
- +$88.00
- Max Profit (per contract)
- $88.00
- Max Loss (per contract)
- -$2,511.00
- Breakeven(s)
- $25.12
- Risk / Reward Ratio
- 0.035
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
EDGQ cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on EDGQ. 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% | -$2,511.00 |
| $6.16 | -77.9% | -$1,896.44 |
| $12.30 | -55.8% | -$1,281.87 |
| $18.45 | -33.6% | -$667.31 |
| $24.59 | -11.5% | -$52.75 |
| $30.74 | +10.6% | +$88.00 |
| $36.88 | +32.7% | +$88.00 |
| $43.03 | +54.8% | +$88.00 |
| $49.18 | +76.9% | +$88.00 |
| $55.32 | +99.0% | +$88.00 |
When traders use cash-secured put on EDGQ
Cash-secured puts on EDGQ earn premium while a trader waits to acquire EDGQ stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning EDGQ.
EDGQ thesis for this cash-secured put
The market-implied 1-standard-deviation range for EDGQ extends from approximately $23.03 on the downside to $32.57 on the upside. A EDGQ cash-secured put lets a trader earn premium while waiting to acquire EDGQ 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, EDGQ options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to EDGQ-specific events.
EDGQ 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. EDGQ positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move EDGQ alongside the broader basket even when EDGQ-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on EDGQ carry tail risk when realized volatility exceeds the implied move; review historical EDGQ earnings reactions and macro stress periods before sizing. Always rebuild the position from current EDGQ chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on EDGQ?
- A cash-secured put on EDGQ is the cash-secured put strategy applied to EDGQ (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 EDGQ stock trading near $27.80, the strikes shown on this page are snapped to the nearest listed EDGQ chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are EDGQ 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 EDGQ cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 59.90%), the computed maximum profit is $88.00 per contract and the computed maximum loss is -$2,511.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a EDGQ cash-secured put?
- The breakeven for the EDGQ cash-secured put priced on this page is roughly $25.12 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 EDGQ market-implied 1-standard-deviation expected move is approximately 17.17%; 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 EDGQ?
- Cash-secured puts on EDGQ earn premium while a trader waits to acquire EDGQ stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning EDGQ.
- How does current EDGQ implied volatility affect this cash-secured put?
- Current EDGQ ATM IV is 59.90%; IV rank context is unavailable in the current snapshot.