EVEX Cash-Secured Put Strategy
EVEX (Eve Holding, Inc.), in the Industrials sector, (Aerospace & Defense industry), listed on NYSE.
Eve Holding, Inc. develops urban air mobility solutions. It is involved in the design and production of eVTOLs; provision of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling, and data services; and development of urban air traffic management systems. The company is based in Melbourne, Florida.
EVEX (Eve Holding, Inc.) trades in the Industrials sector, specifically Aerospace & Defense, with a market capitalization of approximately $977.9M, a beta of 1.04 versus the broader market, a 52-week range of 2.34-7.699, average daily share volume of 1.3M, a public-listing history dating back to 2022, approximately 174 full-time employees. These structural characteristics shape how EVEX stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.04 places EVEX roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.
What is a cash-secured put on EVEX?
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 EVEX snapshot
As of May 15, 2026, spot at $3.01, ATM IV 104.70%, IV rank 27.67%, expected move 30.02%. The cash-secured put on EVEX 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 34-day expiry.
Why this cash-secured put structure on EVEX specifically: EVEX IV at 104.70% is on the cheap side of its 1-year range, which means a premium-selling EVEX cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 30.02% (roughly $0.90 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated EVEX expiries trade a higher absolute premium for lower per-day decay. Position sizing on EVEX should anchor to the underlying notional of $3.01 per share and to the trader's directional view on EVEX stock.
EVEX cash-secured put setup
The EVEX 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 EVEX near $3.01, the first option leg uses a $2.86 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed EVEX chain at a 34-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 EVEX shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $2.86 | N/A |
EVEX 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.
EVEX cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on EVEX. 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 EVEX
Cash-secured puts on EVEX earn premium while a trader waits to acquire EVEX stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning EVEX.
EVEX thesis for this cash-secured put
The market-implied 1-standard-deviation range for EVEX extends from approximately $2.11 on the downside to $3.91 on the upside. A EVEX cash-secured put lets a trader earn premium while waiting to acquire EVEX 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 EVEX IV rank near 27.67% 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 EVEX at 104.70%. As a Industrials name, EVEX options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to EVEX-specific events.
EVEX 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. EVEX positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move EVEX alongside the broader basket even when EVEX-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on EVEX carry tail risk when realized volatility exceeds the implied move; review historical EVEX earnings reactions and macro stress periods before sizing. Always rebuild the position from current EVEX chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on EVEX?
- A cash-secured put on EVEX is the cash-secured put strategy applied to EVEX (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 EVEX stock trading near $3.01, the strikes shown on this page are snapped to the nearest listed EVEX chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are EVEX 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 EVEX cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 104.70%), 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 EVEX cash-secured put?
- The breakeven for the EVEX cash-secured put priced on this page is no defined breakeven on the modeled curve 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 EVEX market-implied 1-standard-deviation expected move is approximately 30.02%; 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 EVEX?
- Cash-secured puts on EVEX earn premium while a trader waits to acquire EVEX stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning EVEX.
- How does current EVEX implied volatility affect this cash-secured put?
- EVEX ATM IV is at 104.70% with IV rank near 27.67%, 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.