MAIR Cash-Secured Put Strategy

MAIR (Madison Air Solutions Corporation), in the Industrials sector, (Industrial - Machinery industry), listed on NYSE.

Madison Air Solutions Corporation (MASC) specializes in the development and production of advanced indoor air quality and HVAC systems. Its operations are strategically divided into two distinct segments: Commercial and Residential. The Commercial division targets specialized settings that demand superior air quality solutions, while its Residential arm is dedicated to providing optimal air environments for private households. Established in 2017 by Larry W. Gies, MASC maintains its corporate headquarters in Chicago, Illinois.

MAIR (Madison Air Solutions Corporation) trades in the Industrials sector, specifically Industrial - Machinery, with a market capitalization of approximately $18.84B, a trailing P/E of 596.64, a beta of 0.64 versus the broader market, a 52-week range of 31-44.5, average daily share volume of 3.0M, a public-listing history dating back to 2026, approximately 9K full-time employees. These structural characteristics shape how MAIR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.64 indicates MAIR has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. The trailing P/E of 596.64 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.

What is a cash-secured put on MAIR?

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 MAIR snapshot

As of June 30, 2026, spot at $39.06, ATM IV 58.20%, expected move 16.69%. The cash-secured put on MAIR 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 MAIR specifically: IV rank is unavailable in the current snapshot, so regime-based timing for MAIR is inferred from ATM IV at 58.20% alone, with a market-implied 1-standard-deviation move of approximately 16.69% (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 MAIR expiries trade a higher absolute premium for lower per-day decay. Position sizing on MAIR should anchor to the underlying notional of $39.06 per share and to the trader's directional view on MAIR stock.

MAIR cash-secured put setup

The MAIR 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 MAIR near $39.06, the first option leg uses a $37.11 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed MAIR 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 MAIR shares for the stock leg in covered calls and collars).

ActionTypeStrike / BasisPremium (est)
Sell 1Put$37.11N/A

MAIR 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.

MAIR cash-secured put payoff curve

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

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

MAIR thesis for this cash-secured put

The market-implied 1-standard-deviation range for MAIR extends from approximately $32.54 on the downside to $45.58 on the upside. A MAIR cash-secured put lets a trader earn premium while waiting to acquire MAIR 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. As a Industrials name, MAIR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to MAIR-specific events.

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

Frequently asked questions

What is a cash-secured put on MAIR?
A cash-secured put on MAIR is the cash-secured put strategy applied to MAIR (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 MAIR stock trading near $39.06, the strikes shown on this page are snapped to the nearest listed MAIR chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are MAIR 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 MAIR cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 58.20%), 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 MAIR cash-secured put?
The breakeven for the MAIR 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 MAIR market-implied 1-standard-deviation expected move is approximately 16.69%; 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 MAIR?
Cash-secured puts on MAIR earn premium while a trader waits to acquire MAIR stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning MAIR.
How does current MAIR implied volatility affect this cash-secured put?
Current MAIR ATM IV is 58.20%; IV rank context is unavailable in the current snapshot.

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