GOLF Cash-Secured Put Strategy
GOLF (Acushnet Holdings Corp.), in the Consumer Cyclical sector, (Leisure industry), listed on NYSE.
Based in Fairhaven, Massachusetts, Acushnet Holdings Corp. is a prominent global entity that designs, manufactures, and distributes a comprehensive array of golf products. Since its founding in 1910, and having changed its name from Alexandria Holdings Corp. in March 2016, the company now reaches markets across the United States, Europe, the Middle East, Africa, Japan, Korea, and other international territories. The company operates through four primary divisions: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear. Under its flagship Titleist brand, Acushnet offers a full range of golf balls and clubs, including drivers, fairways, hybrids, and irons. Specialty products include Vokey Design wedges and Scotty Cameron putters. Beyond clubs and balls, the Titleist Golf Gear segment supplies accessories such as golf bags, headwear, gloves, travel items, and head covers, with customization services available.
GOLF (Acushnet Holdings Corp.) trades in the Consumer Cyclical sector, specifically Leisure, with a market capitalization of approximately $6.91B, a trailing P/E of 41.42, a beta of 0.86 versus the broader market, a 52-week range of 72.055-118.7, average daily share volume of 347K, a public-listing history dating back to 2016, approximately 7K full-time employees. These structural characteristics shape how GOLF stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.86 places GOLF roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. The trailing P/E of 41.42 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. GOLF 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 GOLF?
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 GOLF snapshot
As of June 30, 2026, spot at $118.27, ATM IV 31.80%, IV rank 3.55%, expected move 9.12%. The cash-secured put on GOLF 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 80-day expiry.
Why this cash-secured put structure on GOLF specifically: GOLF IV at 31.80% is on the cheap side of its 1-year range, which means a premium-selling GOLF cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 9.12% (roughly $10.78 on the underlying). The 80-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated GOLF expiries trade a higher absolute premium for lower per-day decay. Position sizing on GOLF should anchor to the underlying notional of $118.27 per share and to the trader's directional view on GOLF stock.
GOLF cash-secured put setup
The GOLF 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 GOLF near $118.27, the first option leg uses a $110.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed GOLF chain at a 80-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 GOLF shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $110.00 | $3.60 |
GOLF cash-secured put risk and reward
- Net Premium / Debit
- +$360.00
- Max Profit (per contract)
- $360.00
- Max Loss (per contract)
- -$10,639.00
- Breakeven(s)
- $106.40
- Risk / Reward Ratio
- 0.034
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
GOLF cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on GOLF. 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% | -$10,639.00 |
| $26.16 | -77.9% | -$8,024.10 |
| $52.31 | -55.8% | -$5,409.19 |
| $78.46 | -33.7% | -$2,794.29 |
| $104.61 | -11.6% | -$179.38 |
| $130.76 | +10.6% | +$360.00 |
| $156.90 | +32.7% | +$360.00 |
| $183.05 | +54.8% | +$360.00 |
| $209.20 | +76.9% | +$360.00 |
| $235.35 | +99.0% | +$360.00 |
When traders use cash-secured put on GOLF
Cash-secured puts on GOLF earn premium while a trader waits to acquire GOLF stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning GOLF.
GOLF thesis for this cash-secured put
The market-implied 1-standard-deviation range for GOLF extends from approximately $107.49 on the downside to $129.05 on the upside. A GOLF cash-secured put lets a trader earn premium while waiting to acquire GOLF 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 GOLF IV rank near 3.55% 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 GOLF at 31.80%. As a Consumer Cyclical name, GOLF options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to GOLF-specific events.
GOLF 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. GOLF positions also carry Consumer Cyclical sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move GOLF alongside the broader basket even when GOLF-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on GOLF carry tail risk when realized volatility exceeds the implied move; review historical GOLF earnings reactions and macro stress periods before sizing. Always rebuild the position from current GOLF chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on GOLF?
- A cash-secured put on GOLF is the cash-secured put strategy applied to GOLF (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 GOLF stock trading near $118.27, the strikes shown on this page are snapped to the nearest listed GOLF chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are GOLF 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 GOLF cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 31.80%), the computed maximum profit is $360.00 per contract and the computed maximum loss is -$10,639.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a GOLF cash-secured put?
- The breakeven for the GOLF cash-secured put priced on this page is roughly $106.40 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 GOLF market-implied 1-standard-deviation expected move is approximately 9.12%; 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 GOLF?
- Cash-secured puts on GOLF earn premium while a trader waits to acquire GOLF stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning GOLF.
- How does current GOLF implied volatility affect this cash-secured put?
- GOLF ATM IV is at 31.80% with IV rank near 3.55%, 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.