JBHT Cash-Secured Put Strategy
JBHT (J.B. Hunt Transport Services, Inc.), in the Industrials sector, (Integrated Freight & Logistics industry), listed on NASDAQ.
J.B. Hunt Transport Services, Inc. provides surface transportation, delivery, and logistic services in North America. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions. It operates 104,973 pieces of company-owned trailing equipment; owns and maintains its chassis fleet of 85,649 units; and manages a fleet of 5,612 company-owned tractors, 582 independent contractor trucks, and 6,943 company drivers. The DCS segment designs, develops, and executes supply chain solutions that support various transportation networks.
JBHT (J.B. Hunt Transport Services, Inc.) trades in the Industrials sector, specifically Integrated Freight & Logistics, with a market capitalization of approximately $22.42B, a trailing P/E of 36.39, a beta of 1.29 versus the broader market, a 52-week range of 130.12-256.18, average daily share volume of 908K, a public-listing history dating back to 1983, approximately 34K full-time employees. These structural characteristics shape how JBHT stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.29 places JBHT roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. The trailing P/E of 36.39 is on the rich side, which tends to correlate with higher earnings-window IV expansion as the market debates whether forward growth supports the multiple. JBHT pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a cash-secured put on JBHT?
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 JBHT snapshot
As of May 15, 2026, spot at $262.33, ATM IV 40.10%, IV rank 18.78%, expected move 11.50%. The cash-secured put on JBHT 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 JBHT specifically: JBHT IV at 40.10% is on the cheap side of its 1-year range, which means a premium-selling JBHT cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 11.50% (roughly $30.16 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 JBHT expiries trade a higher absolute premium for lower per-day decay. Position sizing on JBHT should anchor to the underlying notional of $262.33 per share and to the trader's directional view on JBHT stock.
JBHT cash-secured put setup
The JBHT 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 JBHT near $262.33, the first option leg uses a $250.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed JBHT 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 JBHT shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $250.00 | $7.55 |
JBHT cash-secured put risk and reward
- Net Premium / Debit
- +$755.00
- Max Profit (per contract)
- $755.00
- Max Loss (per contract)
- -$24,244.00
- Breakeven(s)
- $242.45
- Risk / Reward Ratio
- 0.031
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
JBHT cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on JBHT. 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% | -$24,244.00 |
| $58.01 | -77.9% | -$18,443.85 |
| $116.01 | -55.8% | -$12,643.70 |
| $174.01 | -33.7% | -$6,843.55 |
| $232.02 | -11.6% | -$1,043.40 |
| $290.02 | +10.6% | +$755.00 |
| $348.02 | +32.7% | +$755.00 |
| $406.02 | +54.8% | +$755.00 |
| $464.02 | +76.9% | +$755.00 |
| $522.02 | +99.0% | +$755.00 |
When traders use cash-secured put on JBHT
Cash-secured puts on JBHT earn premium while a trader waits to acquire JBHT stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning JBHT.
JBHT thesis for this cash-secured put
The market-implied 1-standard-deviation range for JBHT extends from approximately $232.17 on the downside to $292.49 on the upside. A JBHT cash-secured put lets a trader earn premium while waiting to acquire JBHT 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 JBHT IV rank near 18.78% 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 JBHT at 40.10%. As a Industrials name, JBHT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to JBHT-specific events.
JBHT 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. JBHT positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move JBHT alongside the broader basket even when JBHT-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on JBHT carry tail risk when realized volatility exceeds the implied move; review historical JBHT earnings reactions and macro stress periods before sizing. Always rebuild the position from current JBHT chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on JBHT?
- A cash-secured put on JBHT is the cash-secured put strategy applied to JBHT (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 JBHT stock trading near $262.33, the strikes shown on this page are snapped to the nearest listed JBHT chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are JBHT 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 JBHT cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 40.10%), the computed maximum profit is $755.00 per contract and the computed maximum loss is -$24,244.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a JBHT cash-secured put?
- The breakeven for the JBHT cash-secured put priced on this page is roughly $242.45 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 JBHT market-implied 1-standard-deviation expected move is approximately 11.50%; 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 JBHT?
- Cash-secured puts on JBHT earn premium while a trader waits to acquire JBHT stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning JBHT.
- How does current JBHT implied volatility affect this cash-secured put?
- JBHT ATM IV is at 40.10% with IV rank near 18.78%, 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.