FTI Cash-Secured Put Strategy
FTI (TechnipFMC plc), in the Energy sector, (Oil & Gas Equipment & Services industry), listed on NYSE.
TechnipFMC plc is a global technology and services provider primarily focused on the energy industry, operating across Europe, Central Asia, North and Latin America, the Asia Pacific, Africa, and the Middle East. The company's Subsea division delivers comprehensive, end-to-end solutions for deepwater oil and gas production and transportation. This includes the full lifecycle from design, engineering, procurement, manufacturing, and fabrication to installation and ongoing field support for subsea systems, infrastructure, and pipelines. Key offerings include advanced subsea production and processing systems, umbilical, riser, and flowline solutions, specialized vessels, and the digital platform "Subsea Studio," which optimizes the development and operation of subsea fields. Additionally, this segment provides well and asset services, alongside research, engineering, manufacturing, and supply chain management. Its Surface Technologies segment specializes in designing, manufacturing, and servicing products and systems for onshore and shallow-water crude oil and natural gas exploration and production.
FTI (TechnipFMC plc) trades in the Energy sector, specifically Oil & Gas Equipment & Services, with a market capitalization of approximately $29.51B, a trailing P/E of 25.48, a beta of 0.72 versus the broader market, a 52-week range of 34.27-77.92, average daily share volume of 4.4M, a public-listing history dating back to 2001, approximately 22K full-time employees. These structural characteristics shape how FTI stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.72 places FTI roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. FTI 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 FTI?
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.
FTI snapshot
As of August 14, 2026, spot at $78.42, ATM IV 31.40%, IV rank 19.51%, expected move 9.00%. The cash-secured put on FTI below is built from the August 14, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 154-day expiry.
Why this cash-secured put structure on FTI specifically: FTI IV at 31.40% is on the cheap side of its 1-year range, which means a premium-selling FTI cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 9.00% (roughly $7.06 on the underlying). The 154-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated FTI expiries trade a higher absolute premium for lower per-day decay. Position sizing on FTI should anchor to the underlying notional of $78.42 per share and to the trader's directional view on FTI stock.
FTI cash-secured put setup
The FTI cash-secured put below is built from the August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With FTI at $78.42 on that close, the first option leg uses a $75.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed FTI chain at a 154-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 FTI shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $75.00 | $4.85 |
FTI cash-secured put risk and reward
- Net Premium / Debit
- +$485.00
- Max Profit (per contract)
- $485.00
- Max Loss (per contract)
- -$7,014.00
- Breakeven(s)
- $70.15
- Risk / Reward Ratio
- 0.069
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
FTI cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on FTI. 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% | -$7,014.00 |
| $17.35 | -77.9% | -$5,280.20 |
| $34.69 | -55.8% | -$3,546.40 |
| $52.02 | -33.7% | -$1,812.60 |
| $69.36 | -11.6% | -$78.80 |
| $86.70 | +10.6% | +$485.00 |
| $104.04 | +32.7% | +$485.00 |
| $121.38 | +54.8% | +$485.00 |
| $138.71 | +76.9% | +$485.00 |
| $156.05 | +99.0% | +$485.00 |
When traders use cash-secured put on FTI
Cash-secured puts on FTI earn premium while a trader waits to acquire FTI stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning FTI.
FTI thesis for this cash-secured put
The market-implied 1-standard-deviation range for FTI extends from approximately $71.36 on the downside to $85.48 on the upside. A FTI cash-secured put lets a trader earn premium while waiting to acquire FTI 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 FTI IV rank near 19.51% 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 FTI at 31.40%. As a Energy name, FTI options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to FTI-specific events.
FTI 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. FTI positions also carry Energy sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move FTI alongside the broader basket even when FTI-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on FTI carry tail risk when realized volatility exceeds the implied move; review historical FTI earnings reactions and macro stress periods before sizing. Always rebuild the position from current FTI chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on FTI?
- A cash-secured put on FTI is the cash-secured put strategy applied to FTI (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 FTI stock at $78.42 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed FTI chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are FTI 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 FTI cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 31.40%), the computed maximum profit is $485.00 per contract and the computed maximum loss is -$7,014.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a FTI cash-secured put?
- The breakeven for the FTI cash-secured put priced on this page is roughly $70.15 at expiration, derived from the August 14, 2026 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 FTI market-implied 1-standard-deviation expected move in the same options snapshot is approximately 9.00%; 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 FTI?
- Cash-secured puts on FTI earn premium while a trader waits to acquire FTI stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning FTI.
- How does current FTI implied volatility affect this cash-secured put?
- FTI ATM IV is at 31.40% with IV rank near 19.51%, 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.