HURN Cash-Secured Put Strategy
HURN (Huron Consulting Group Inc.), in the Industrials sector, (Consulting Services industry), listed on NASDAQ.
Huron Consulting Group Inc., a professional services firm, provides consultancy services in the United States and internationally. It operates through three segments: Healthcare, Business Advisory, and Education. The Healthcare segment provides advisory services in the areas of financial and operational improvement, care transformation, and revenue cycle managed services; organizational transformation; and digital, technology and analytic solutions to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, medical groups, and health plans. The Business Advisory segment offers cloud-based technology, analytics, restructuring, and capital advisory solutions to life science, financial, healthcare, education, energy and utilities, and industrials and manufacturing industries, as well as to public sectors. The Education segment provides research enterprise and student lifecycle; digital, technology and analytic solutions; and organizational transformation services to public and private colleges and universities, academic medical centers, research institutes, and other not-for-profit organizations. Huron Consulting Group Inc. was incorporated in 2002 and is headquartered in Chicago, Illinois.
HURN (Huron Consulting Group Inc.) trades in the Industrials sector, specifically Consulting Services, with a market capitalization of approximately $1.68B, a trailing P/E of 16.94, a beta of 0.15 versus the broader market, a 52-week range of 101.49-186.78, average daily share volume of 285K, a public-listing history dating back to 2004, approximately 6K full-time employees. These structural characteristics shape how HURN stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.15 indicates HURN has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure.
What is a cash-secured put on HURN?
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 HURN snapshot
As of May 15, 2026, spot at $105.15, ATM IV 45.80%, IV rank 42.23%, expected move 13.13%. The cash-secured put on HURN 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 HURN specifically: HURN IV at 45.80% is mid-range versus its 1-year history, so the credit collected on a HURN cash-secured put sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 13.13% (roughly $13.81 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 HURN expiries trade a higher absolute premium for lower per-day decay. Position sizing on HURN should anchor to the underlying notional of $105.15 per share and to the trader's directional view on HURN stock.
HURN cash-secured put setup
The HURN 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 HURN near $105.15, the first option leg uses a $100.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed HURN 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 HURN shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $100.00 | $3.40 |
HURN cash-secured put risk and reward
- Net Premium / Debit
- +$340.00
- Max Profit (per contract)
- $340.00
- Max Loss (per contract)
- -$9,659.00
- Breakeven(s)
- $96.60
- Risk / Reward Ratio
- 0.035
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
HURN cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on HURN. 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% | -$9,659.00 |
| $23.26 | -77.9% | -$7,334.19 |
| $46.51 | -55.8% | -$5,009.37 |
| $69.75 | -33.7% | -$2,684.56 |
| $93.00 | -11.6% | -$359.74 |
| $116.25 | +10.6% | +$340.00 |
| $139.50 | +32.7% | +$340.00 |
| $162.75 | +54.8% | +$340.00 |
| $186.00 | +76.9% | +$340.00 |
| $209.24 | +99.0% | +$340.00 |
When traders use cash-secured put on HURN
Cash-secured puts on HURN earn premium while a trader waits to acquire HURN stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning HURN.
HURN thesis for this cash-secured put
The market-implied 1-standard-deviation range for HURN extends from approximately $91.34 on the downside to $118.96 on the upside. A HURN cash-secured put lets a trader earn premium while waiting to acquire HURN 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 HURN IV rank near 42.23% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put thesis on HURN should anchor more to the directional view and the expected-move geometry. As a Industrials name, HURN options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to HURN-specific events.
HURN 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. HURN positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move HURN alongside the broader basket even when HURN-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on HURN carry tail risk when realized volatility exceeds the implied move; review historical HURN earnings reactions and macro stress periods before sizing. Always rebuild the position from current HURN chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on HURN?
- A cash-secured put on HURN is the cash-secured put strategy applied to HURN (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 HURN stock trading near $105.15, the strikes shown on this page are snapped to the nearest listed HURN chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are HURN 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 HURN cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 45.80%), the computed maximum profit is $340.00 per contract and the computed maximum loss is -$9,659.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a HURN cash-secured put?
- The breakeven for the HURN cash-secured put priced on this page is roughly $96.60 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 HURN market-implied 1-standard-deviation expected move is approximately 13.13%; 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 HURN?
- Cash-secured puts on HURN earn premium while a trader waits to acquire HURN stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning HURN.
- How does current HURN implied volatility affect this cash-secured put?
- HURN ATM IV is at 45.80% with IV rank near 42.23%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.