MATW Cash-Secured Put Strategy
MATW (Matthews International Corporation), in the Industrials sector, (Conglomerates industry), listed on NASDAQ.
Operating globally, Matthews International Corporation specializes in brand solutions, memorialization items, and advanced industrial technologies. The company's operations are divided into three principal segments: SGK Brand Solutions, Memorialization, and Industrial Technologies. Through its SGK Brand Solutions division, Matthews International assists the consumer goods and retail sectors with comprehensive brand management, pre-media offerings, printing plates and cylinders, specialized engineered products, imaging, digital asset management, merchandising display solutions, and various marketing and design services. The Memorialization segment caters to the cemetery and funeral home industries, supplying a diverse range of products. These include bronze and granite memorials, upright monuments, cremation-related items like urns and niche units, along with other cemetery features such as benches, flower vases, crypt plates, letters, and statues. Additionally, this segment furnishes caskets and essential cremation and incineration equipment.
MATW (Matthews International Corporation) trades in the Industrials sector, specifically Conglomerates, with a market capitalization of approximately $725.5M, a beta of 1.08 versus the broader market, a 52-week range of 21.95-30.93, average daily share volume of 287K, a public-listing history dating back to 1994, approximately 6K full-time employees. These structural characteristics shape how MATW stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.08 places MATW roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. MATW 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 MATW?
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.
MATW snapshot
As of August 14, 2026, spot at $23.11, ATM IV 409.50%, IV rank 90.01%, expected move 117.40%. The cash-secured put on MATW below is built from the 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 MATW specifically: MATW IV at 409.50% is rich versus its 1-year range, which favors premium-selling structures like a MATW cash-secured put, with a market-implied 1-standard-deviation move of approximately 117.40% (roughly $27.13 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 MATW expiries trade a higher absolute premium for lower per-day decay. Position sizing on MATW should anchor to the underlying notional of $23.11 per share and to the trader's directional view on MATW stock.
MATW cash-secured put setup
The MATW 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 MATW at $23.11 on that close, the first option leg uses a $21.95 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed MATW 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 MATW shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $21.95 | N/A |
MATW 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.
MATW cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on MATW. 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 MATW
Cash-secured puts on MATW earn premium while a trader waits to acquire MATW stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning MATW.
MATW thesis for this cash-secured put
The market-implied 1-standard-deviation range for MATW extends from approximately $-4.02 on the downside to $50.24 on the upside. A MATW cash-secured put lets a trader earn premium while waiting to acquire MATW 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 MATW IV rank near 90.01% 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 MATW at 409.50%. As a Industrials name, MATW options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to MATW-specific events.
MATW 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. MATW positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move MATW alongside the broader basket even when MATW-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on MATW carry tail risk when realized volatility exceeds the implied move; review historical MATW earnings reactions and macro stress periods before sizing. Always rebuild the position from current MATW chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on MATW?
- A cash-secured put on MATW is the cash-secured put strategy applied to MATW (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 MATW stock at $23.11 on the most recent close, the strikes shown on this page are snapped to the nearest listed MATW chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are MATW 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 MATW cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 409.50%), 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 MATW cash-secured put?
- The breakeven for the MATW cash-secured put priced on this page is no defined breakeven on the modeled curve at expiration, derived from the 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 MATW market-implied 1-standard-deviation expected move in the same options snapshot is approximately 117.40%; 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 MATW?
- Cash-secured puts on MATW earn premium while a trader waits to acquire MATW stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning MATW.
- How does current MATW implied volatility affect this cash-secured put?
- MATW ATM IV is at 409.50% with IV rank near 90.01%, 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.