HAWK Cash-Secured Put Strategy

HAWK (HawkEye 360, Inc.), in the Industrials sector, (Aerospace & Defense industry), listed on NYSE.

HawkEye 360, Inc., established in 2015 and headquartered in Herndon, Virginia, is a specialized provider of radio frequency (RF) data analytics. The company leverages its proprietary commercial satellite constellation to detect, process, and interpret RF signals, generating actionable intelligence as analytical products. Its core offerings include enhanced maritime domain awareness, comprehensive spectrum mapping and oversight, and geospatial intelligence services that reveal activities across terrestrial, aquatic, and aerial environments. Key products facilitate the precise mapping of signals of interest, execution of global spectrum usage surveys, and deep visibility into the maritime domain. HawkEye 360 supports a diverse clientele, including first responders, law enforcement agencies, and telecommunications organizations, by aiding in operational management, identifying illicit activities, and optimizing spectrum utilization. By integrating unique algorithms with multiple data sources, the company furnishes these advanced solutions to commercial, governmental, and international clients, particularly those within the defense, intelligence, and maritime sectors.

HAWK (HawkEye 360, Inc.) trades in the Industrials sector, specifically Aerospace & Defense, with a market capitalization of approximately $2.42B, a beta of 1.42 versus the broader market, a 52-week range of 17.02-35.73, average daily share volume of 1.3M, a public-listing history dating back to 2026, approximately 395 full-time employees. These structural characteristics shape how HAWK stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.42 indicates HAWK 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 HAWK?

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.

HAWK snapshot

As of August 14, 2026, spot at $22.91, ATM IV 81.90%, IV rank 26.47%, expected move 23.48%. The cash-secured put on HAWK below is built from the end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 35-day expiry.

Why this cash-secured put structure on HAWK specifically: HAWK IV at 81.90% is on the cheap side of its 1-year range, which means a premium-selling HAWK cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 23.48% (roughly $5.38 on the underlying). The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated HAWK expiries trade a higher absolute premium for lower per-day decay. Position sizing on HAWK should anchor to the underlying notional of $22.91 per share and to the trader's directional view on HAWK stock.

HAWK cash-secured put setup

The HAWK 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 HAWK at $22.91 on that close, the first option leg uses a $21.76 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed HAWK chain at a 35-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 HAWK shares for the stock leg in covered calls and collars).

ActionTypeStrike / BasisPremium (est)
Sell 1Put$21.76N/A

HAWK 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.

HAWK cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on HAWK. 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 HAWK

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

HAWK thesis for this cash-secured put

The market-implied 1-standard-deviation range for HAWK extends from approximately $17.53 on the downside to $28.29 on the upside. A HAWK cash-secured put lets a trader earn premium while waiting to acquire HAWK 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 HAWK IV rank near 26.47% 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 HAWK at 81.90%. As a Industrials name, HAWK options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to HAWK-specific events.

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

Frequently asked questions

What is a cash-secured put on HAWK?
A cash-secured put on HAWK is the cash-secured put strategy applied to HAWK (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 HAWK stock at $22.91 on the most recent close, the strikes shown on this page are snapped to the nearest listed HAWK chain strike and the premiums come straight from that session's bid/ask midpoint.
How are HAWK 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 HAWK cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 81.90%), 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 HAWK cash-secured put?
The breakeven for the HAWK cash-secured put priced on this page is no defined breakeven on the modeled curve at expiration, derived from the 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 HAWK market-implied 1-standard-deviation expected move in the same options snapshot is approximately 23.48%; 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 HAWK?
Cash-secured puts on HAWK earn premium while a trader waits to acquire HAWK stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning HAWK.
How does current HAWK implied volatility affect this cash-secured put?
HAWK ATM IV is at 81.90% with IV rank near 26.47%, 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.

Related HAWK analysis