How are GTLB 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 GTLB cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 90.30%), the computed maximum profit is $162.50 per contract and the computed maximum loss is -$2,086.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a GTLB cash-secured put?

The breakeven for the GTLB cash-secured put priced on this page is roughly $20.88 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 GTLB market-implied 1-standard-deviation expected move is approximately 25.89%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current GTLB implied volatility affect this cash-secured put?

GTLB ATM IV is at 90.30% with IV rank near 86.60%, which is elevated relative to its 1-year range. Premium-selling structures (covered call, cash-secured put, iron condor) generally look more attractive when IV rank is high; premium-buying structures (long call, long put, debit spreads) are more expensive in that regime.

GTLB Cash-Secured Put Strategy

GTLB (GitLab Inc.), in the Technology sector, (Software - Application industry), listed on NASDAQ.

GitLab Inc., through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. The company offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and allows visibility throughout and control over various stages of the DevOps lifecycle. It helps organizations to plan, build, secure, and deploy software to drive business outcomes. The company also provides related training and professional services. The company was formerly known as GitLab B.V. and changed its name to GitLab Inc. in July 2015. The company was founded in 2011 and is headquartered in San Francisco, California.

GTLB (GitLab Inc.) trades in the Technology sector, specifically Software - Application, with a market capitalization of approximately $3.72B, a beta of 0.82 versus the broader market, a 52-week range of 18.73-53.82, average daily share volume of 6.6M, a public-listing history dating back to 2021, approximately 2K full-time employees. These structural characteristics shape how GTLB stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.82 places GTLB 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 GTLB?

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 GTLB snapshot

As of May 15, 2026, spot at $23.73, ATM IV 90.30%, IV rank 86.60%, expected move 25.89%. The cash-secured put on GTLB 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 28-day expiry.

Why this cash-secured put structure on GTLB specifically: GTLB IV at 90.30% is rich versus its 1-year range, which favors premium-selling structures like a GTLB cash-secured put, with a market-implied 1-standard-deviation move of approximately 25.89% (roughly $6.14 on the underlying). The 28-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated GTLB expiries trade a higher absolute premium for lower per-day decay. Position sizing on GTLB should anchor to the underlying notional of $23.73 per share and to the trader's directional view on GTLB stock.

GTLB cash-secured put setup

The GTLB 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 GTLB near $23.73, the first option leg uses a $22.50 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed GTLB chain at a 28-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 GTLB shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$22.50	$1.63

GTLB cash-secured put risk and reward

Net Premium / Debit: +$162.50
Max Profit (per contract): $162.50
Max Loss (per contract): -$2,086.50
Breakeven(s): $20.88
Risk / Reward Ratio: 0.078

Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.

GTLB cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on GTLB. 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%	-$2,086.50
$5.26	-77.9%	-$1,561.93
$10.50	-55.7%	-$1,037.35
$15.75	-33.6%	-$512.78
$20.99	-11.5%	+$11.79
$26.24	+10.6%	+$162.50
$31.48	+32.7%	+$162.50
$36.73	+54.8%	+$162.50
$41.98	+76.9%	+$162.50
$47.22	+99.0%	+$162.50

When traders use cash-secured put on GTLB

Cash-secured puts on GTLB earn premium while a trader waits to acquire GTLB stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning GTLB.

GTLB thesis for this cash-secured put

The market-implied 1-standard-deviation range for GTLB extends from approximately $17.59 on the downside to $29.87 on the upside. A GTLB cash-secured put lets a trader earn premium while waiting to acquire GTLB 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 GTLB IV rank near 86.60% sits in the upper third of its 1-year distribution, which historically reverts; this raises the bar for premium-buying structures and lowers it for premium-selling structures on GTLB at 90.30%. As a Technology name, GTLB options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to GTLB-specific events.

GTLB 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. GTLB positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move GTLB alongside the broader basket even when GTLB-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on GTLB carry tail risk when realized volatility exceeds the implied move; review historical GTLB earnings reactions and macro stress periods before sizing. Always rebuild the position from current GTLB chain quotes before placing a trade.

Frequently asked questions

What is a cash-secured put on GTLB?: A cash-secured put on GTLB is the cash-secured put strategy applied to GTLB (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 GTLB stock trading near $23.73, the strikes shown on this page are snapped to the nearest listed GTLB chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are GTLB 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 GTLB cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 90.30%), the computed maximum profit is $162.50 per contract and the computed maximum loss is -$2,086.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a GTLB cash-secured put?: The breakeven for the GTLB cash-secured put priced on this page is roughly $20.88 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 GTLB market-implied 1-standard-deviation expected move is approximately 25.89%; 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 GTLB?: Cash-secured puts on GTLB earn premium while a trader waits to acquire GTLB stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning GTLB.
How does current GTLB implied volatility affect this cash-secured put?: GTLB ATM IV is at 90.30% with IV rank near 86.60%, which is elevated relative to its 1-year range. Premium-selling structures (covered call, cash-secured put, iron condor) generally look more attractive when IV rank is high; premium-buying structures (long call, long put, debit spreads) are more expensive in that regime.