HURN Cash-Secured Put Strategy
HURN (Huron Consulting Group Inc.), in the Industrials sector, (Consulting Services industry), listed on NASDAQ.
Huron Consulting Group Inc. provides global professional services in the United States and internationally. It operates through three segments: Healthcare, Education, and Commercial. The company offers financial and operational performance improvement consulting services; digital services; spanning technology and analytic-related services, including enterprise health record, enterprise resource planning, enterprise performance management, customer relationship management, data management, artificial intelligence and automation, technology managed services, and a portfolio of software products; organizational transformation; revenue cycle managed services and outsourcing; financial and capital advisory consulting; and strategy and innovation consulting. It also provides research-focused consulting and managed services, as well as Huron Research product suite, a software suite designed to facilitate and improve research administration service delivery and compliance. In addition, the company offers software products, financial capital advisory services, regulatory compliance and risk management consulting, and Commercial consulting. The company serves healthcare, education, financial services, industrials and manufacturing, energy and utilities, public sector, and other commercial industries.
HURN (Huron Consulting Group Inc.) trades in the Industrials sector, specifically Consulting Services, with a market capitalization of approximately $2.39B, a trailing P/E of 21.08, a beta of 0.07 versus the broader market, a 52-week range of 84.88-186.78, average daily share volume of 301K, a public-listing history dating back to 2004, approximately 9K 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 0.07 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.
HURN snapshot
As of August 14, 2026, spot at $153.58, ATM IV 39.60%, IV rank 4.11%, expected move 11.35%. The cash-secured put on HURN 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 35-day expiry.
Why this cash-secured put structure on HURN specifically: HURN IV at 39.60% is on the cheap side of its 1-year range, which means a premium-selling HURN cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 11.35% (roughly $17.44 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 HURN expiries trade a higher absolute premium for lower per-day decay. Position sizing on HURN should anchor to the underlying notional of $153.58 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 August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With HURN at $153.58 on that close, the first option leg uses a $145.00 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 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 HURN shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $145.00 | $4.05 |
HURN cash-secured put risk and reward
- Net Premium / Debit
- +$405.00
- Max Profit (per contract)
- $405.00
- Max Loss (per contract)
- -$14,094.00
- Breakeven(s)
- $140.95
- Risk / Reward Ratio
- 0.029
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% | -$14,094.00 |
| $33.97 | -77.9% | -$10,698.37 |
| $67.92 | -55.8% | -$7,302.74 |
| $101.88 | -33.7% | -$3,907.12 |
| $135.84 | -11.6% | -$511.49 |
| $169.79 | +10.6% | +$405.00 |
| $203.75 | +32.7% | +$405.00 |
| $237.70 | +54.8% | +$405.00 |
| $271.66 | +76.9% | +$405.00 |
| $305.62 | +99.0% | +$405.00 |
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 $136.14 on the downside to $171.02 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 4.11% 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 HURN at 39.60%. 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 at $153.58 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed HURN chain strike and the premiums come straight from that session's 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 August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 39.60%), the computed maximum profit is $405.00 per contract and the computed maximum loss is -$14,094.00 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 $140.95 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 HURN market-implied 1-standard-deviation expected move in the same options snapshot is approximately 11.35%; 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 39.60% with IV rank near 4.11%, 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.