FOXF Cash-Secured Put Strategy
FOXF (Fox Factory Holding Corp.), in the Consumer Cyclical sector, (Auto - Parts industry), listed on NASDAQ.
Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide. The company offers mid-end and high-end front fork and rear suspension products for mountain bikes, road bikes, and e-bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, and specialty vehicles and applications, such as military, motorcycles, and commercial trucks. It also provides mountain and road bike wheels, and other performance cycling components, including cranks, chain rings, pedals, bars, stems, and seat posts, as well as sells aftermarket products to dealers and distributors. The company offers powered vehicles under the FOX, BDS Suspension, Zone Offroad, JKS Manufacturing, RT Pro UTV, 4x4 Posi-Lok, Ridetech, Tuscany, Outside Van, and SCA brands; and mountain bikes and road bikes under the FOX, Race Face, Easton Cycling, and Marzocchi brands. Fox Factory Holding Corp. was incorporated in 2007 and is headquartered in Duluth, Georgia.
FOXF (Fox Factory Holding Corp.) trades in the Consumer Cyclical sector, specifically Auto - Parts, with a market capitalization of approximately $681.5M, a beta of 1.37 versus the broader market, a 52-week range of 13.08-31.18, average daily share volume of 667K, a public-listing history dating back to 2013, approximately 4K full-time employees. These structural characteristics shape how FOXF stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.37 indicates FOXF 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 FOXF?
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 FOXF snapshot
As of May 15, 2026, spot at $16.15, ATM IV 60.10%, IV rank 7.18%, expected move 17.23%. The cash-secured put on FOXF 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 FOXF specifically: FOXF IV at 60.10% is on the cheap side of its 1-year range, which means a premium-selling FOXF cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 17.23% (roughly $2.78 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 FOXF expiries trade a higher absolute premium for lower per-day decay. Position sizing on FOXF should anchor to the underlying notional of $16.15 per share and to the trader's directional view on FOXF stock.
FOXF cash-secured put setup
The FOXF 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 FOXF near $16.15, the first option leg uses a $15.34 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed FOXF 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 FOXF shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $15.34 | N/A |
FOXF 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.
FOXF cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on FOXF. 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 FOXF
Cash-secured puts on FOXF earn premium while a trader waits to acquire FOXF stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning FOXF.
FOXF thesis for this cash-secured put
The market-implied 1-standard-deviation range for FOXF extends from approximately $13.37 on the downside to $18.93 on the upside. A FOXF cash-secured put lets a trader earn premium while waiting to acquire FOXF 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 FOXF IV rank near 7.18% 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 FOXF at 60.10%. As a Consumer Cyclical name, FOXF options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to FOXF-specific events.
FOXF 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. FOXF positions also carry Consumer Cyclical sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move FOXF alongside the broader basket even when FOXF-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on FOXF carry tail risk when realized volatility exceeds the implied move; review historical FOXF earnings reactions and macro stress periods before sizing. Always rebuild the position from current FOXF chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on FOXF?
- A cash-secured put on FOXF is the cash-secured put strategy applied to FOXF (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 FOXF stock trading near $16.15, the strikes shown on this page are snapped to the nearest listed FOXF chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are FOXF 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 FOXF cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 60.10%), 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 FOXF cash-secured put?
- The breakeven for the FOXF 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 FOXF market-implied 1-standard-deviation expected move is approximately 17.23%; 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 FOXF?
- Cash-secured puts on FOXF earn premium while a trader waits to acquire FOXF stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning FOXF.
- How does current FOXF implied volatility affect this cash-secured put?
- FOXF ATM IV is at 60.10% with IV rank near 7.18%, 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.