How are HYMC 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 HYMC cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 97.30%), the computed maximum profit is $122.50 per contract and the computed maximum loss is -$2,076.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

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

The breakeven for the HYMC cash-secured put priced on this page is roughly $20.78 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 HYMC market-implied 1-standard-deviation expected move is approximately 27.89%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

HYMC ATM IV is at 97.30% with IV rank near 32.17%, 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.

HYMC Cash-Secured Put Strategy

HYMC (Hycroft Mining Holding Corporation), in the Basic Materials sector, (Gold industry), listed on NASDAQ.

Hycroft Mining Holding Corporation, together with its subsidiaries, operates as a gold and silver exploration and development company in the United States. Its property, Hycroft Mine, consists of 25 patented claims covering approximately 1,855 acres and 3,249 unpatented lode and placer claims spanning 62,298 acres located 54 miles northwest of Winnemucca in Nevada. The company is based in Winnemucca, Nevada.

HYMC (Hycroft Mining Holding Corporation) trades in the Basic Materials sector, specifically Gold, with a market capitalization of approximately $2.17B, a beta of 2.66 versus the broader market, a 52-week range of 2.93-58.73, average daily share volume of 2.4M, a public-listing history dating back to 2018, approximately 51 full-time employees. These structural characteristics shape how HYMC stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 2.66 indicates HYMC 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 HYMC?

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 HYMC snapshot

As of June 30, 2026, spot at $23.37, ATM IV 97.30%, IV rank 32.17%, expected move 27.89%. The cash-secured put on HYMC 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 17-day expiry.

Why this cash-secured put structure on HYMC specifically: HYMC IV at 97.30% is mid-range versus its 1-year history, so the credit collected on a HYMC cash-secured put sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 27.89% (roughly $6.52 on the underlying). The 17-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated HYMC expiries trade a higher absolute premium for lower per-day decay. Position sizing on HYMC should anchor to the underlying notional of $23.37 per share and to the trader's directional view on HYMC stock.

HYMC cash-secured put setup

The HYMC 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 HYMC near $23.37, the first option leg uses a $22.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed HYMC chain at a 17-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 HYMC shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$22.00	$1.23

HYMC cash-secured put risk and reward

Net Premium / Debit: +$122.50
Max Profit (per contract): $122.50
Max Loss (per contract): -$2,076.50
Breakeven(s): $20.78
Risk / Reward Ratio: 0.059

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

HYMC cash-secured put payoff curve

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

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	-$2,076.50
$5.18	-77.9%	-$1,559.89
$10.34	-55.7%	-$1,043.27
$15.51	-33.6%	-$526.66
$20.67	-11.5%	-$10.05
$25.84	+10.6%	+$122.50
$31.01	+32.7%	+$122.50
$36.17	+54.8%	+$122.50
$41.34	+76.9%	+$122.50
$46.51	+99.0%	+$122.50

When traders use cash-secured put on HYMC

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

HYMC thesis for this cash-secured put

The market-implied 1-standard-deviation range for HYMC extends from approximately $16.85 on the downside to $29.89 on the upside. A HYMC cash-secured put lets a trader earn premium while waiting to acquire HYMC 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 HYMC IV rank near 32.17% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put thesis on HYMC should anchor more to the directional view and the expected-move geometry. As a Basic Materials name, HYMC options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to HYMC-specific events.

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

Frequently asked questions

What is a cash-secured put on HYMC?: A cash-secured put on HYMC is the cash-secured put strategy applied to HYMC (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 HYMC stock trading near $23.37, the strikes shown on this page are snapped to the nearest listed HYMC chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are HYMC 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 HYMC cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 97.30%), the computed maximum profit is $122.50 per contract and the computed maximum loss is -$2,076.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a HYMC cash-secured put?: The breakeven for the HYMC cash-secured put priced on this page is roughly $20.78 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 HYMC market-implied 1-standard-deviation expected move is approximately 27.89%; 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 HYMC?: Cash-secured puts on HYMC earn premium while a trader waits to acquire HYMC stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning HYMC.
How does current HYMC implied volatility affect this cash-secured put?: HYMC ATM IV is at 97.30% with IV rank near 32.17%, 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.