LADR Cash-Secured Put Strategy
LADR (Ladder Capital Corp), in the Real Estate sector, (REIT - Mortgage industry), listed on NYSE.
The Loans segment originates conduit first mortgage loans that are secured by cash-flowing commercial real estate; and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition, including lease-up, sell-out, and renovation or repositioning. It also invests in note purchase financings, subordinated debt, mezzanine debt, and other structured finance products related to commercial real estate. The Securities segment invests in commercial mortgage-backed securities and the U.S. Agency Securities. This segment also invests in corporate bonds and equity securities. The Real Estate segment owns and invests in a portfolio of commercial and residential real estate properties, such as leased properties, office buildings, student housing portfolios, hotels, industrial buildings, shopping center, and condominium units.
LADR (Ladder Capital Corp) trades in the Real Estate sector, specifically REIT - Mortgage, with a market capitalization of approximately $1.28B, a trailing P/E of 22.86, a beta of 1.01 versus the broader market, a 52-week range of 9.61-11.92, average daily share volume of 829K, a public-listing history dating back to 2014, approximately 54 full-time employees. These structural characteristics shape how LADR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.01 places LADR roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. LADR 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 LADR?
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 LADR snapshot
As of May 13, 2026, spot at $10.02, ATM IV 463.40%, IV rank 100.00%, expected move 132.85%. The cash-secured put on LADR 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 36-day expiry.
Why this cash-secured put structure on LADR specifically: LADR IV at 463.40% is rich versus its 1-year range, which favors premium-selling structures like a LADR cash-secured put, with a market-implied 1-standard-deviation move of approximately 132.85% (roughly $13.31 on the underlying). The 36-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated LADR expiries trade a higher absolute premium for lower per-day decay. Position sizing on LADR should anchor to the underlying notional of $10.02 per share and to the trader's directional view on LADR stock.
LADR cash-secured put setup
The LADR 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 LADR near $10.02, the first option leg uses a $9.52 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed LADR chain at a 36-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 LADR shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $9.52 | N/A |
LADR 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.
LADR cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on LADR. 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 LADR
Cash-secured puts on LADR earn premium while a trader waits to acquire LADR stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning LADR.
LADR thesis for this cash-secured put
The market-implied 1-standard-deviation range for LADR extends from approximately $-3.29 on the downside to $23.33 on the upside. A LADR cash-secured put lets a trader earn premium while waiting to acquire LADR 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 LADR IV rank near 100.00% sits in the upper third of its 1-year distribution, which historically reverts; this raises the bar for premium-buying structures and lowers it for premium-selling structures on LADR at 463.40%. As a Real Estate name, LADR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to LADR-specific events.
LADR 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. LADR positions also carry Real Estate sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move LADR alongside the broader basket even when LADR-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on LADR carry tail risk when realized volatility exceeds the implied move; review historical LADR earnings reactions and macro stress periods before sizing. Always rebuild the position from current LADR chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on LADR?
- A cash-secured put on LADR is the cash-secured put strategy applied to LADR (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 LADR stock trading near $10.02, the strikes shown on this page are snapped to the nearest listed LADR chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are LADR 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 LADR cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 463.40%), 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 LADR cash-secured put?
- The breakeven for the LADR cash-secured put priced on this page is no defined breakeven on the modeled curve 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 LADR market-implied 1-standard-deviation expected move is approximately 132.85%; 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 LADR?
- Cash-secured puts on LADR earn premium while a trader waits to acquire LADR stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning LADR.
- How does current LADR implied volatility affect this cash-secured put?
- LADR ATM IV is at 463.40% with IV rank near 100.00%, which is elevated relative to its 1-year range. Premium-selling structures (covered call, cash-secured put, iron condor) generally look more attractive when IV rank is high; premium-buying structures (long call, long put, debit spreads) are more expensive in that regime.