MATX Cash-Secured Put Strategy
MATX (Matson, Inc.), in the Industrials sector, (Marine Shipping industry), listed on NYSE.
Matson, Inc. specializes in providing integrated ocean transportation and logistics solutions. Its Ocean Transportation segment offers crucial ocean freight services connecting the domestic non-contiguous economies of Hawaii, Alaska, and Guam, alongside other island nations within Micronesia. Their diverse cargo includes everything from refrigerated foodstuffs, packaged consumer goods, building materials, and automobiles to livestock, seafood, general sustenance, and a wide array of retail and e-commerce merchandise. Additionally, the company operates an expedited express service facilitating trade between China and Long Beach, California, extending its reach to various South Pacific islands and Okinawa, Japan. Beyond direct shipping, this segment manages comprehensive terminal operations, including container stevedoring, refrigerated cargo handling, inland transport, and container equipment maintenance across key locations in Hawaii (Oahu, Hawaii, Maui, and Kauai) and Alaska (Anchorage, Kodiak, and Dutch Harbor). They also offer vessel management and container transshipment services.
MATX (Matson, Inc.) trades in the Industrials sector, specifically Marine Shipping, with a market capitalization of approximately $6.49B, a trailing P/E of 13.92, a beta of 1.28 versus the broader market, a 52-week range of 86.97-230.74, average daily share volume of 278K, a public-listing history dating back to 1973, approximately 4K full-time employees. These structural characteristics shape how MATX stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.28 places MATX roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. MATX 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 MATX?
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.
MATX snapshot
As of August 14, 2026, spot at $216.61, ATM IV 31.60%, IV rank 8.74%, expected move 9.06%. The cash-secured put on MATX below is built from the August 14, 2026 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 MATX specifically: MATX IV at 31.60% is on the cheap side of its 1-year range, which means a premium-selling MATX cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 9.06% (roughly $19.62 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 MATX expiries trade a higher absolute premium for lower per-day decay. Position sizing on MATX should anchor to the underlying notional of $216.61 per share and to the trader's directional view on MATX stock.
MATX cash-secured put setup
The MATX cash-secured put below is built from the August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With MATX at $216.61 on that close, the first option leg uses a $210.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed MATX 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 MATX shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $210.00 | $5.70 |
MATX cash-secured put risk and reward
- Net Premium / Debit
- +$570.00
- Max Profit (per contract)
- $570.00
- Max Loss (per contract)
- -$20,429.00
- Breakeven(s)
- $204.30
- Risk / Reward Ratio
- 0.028
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
MATX cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on MATX. 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% | -$20,429.00 |
| $47.90 | -77.9% | -$15,639.74 |
| $95.80 | -55.8% | -$10,850.49 |
| $143.69 | -33.7% | -$6,061.23 |
| $191.58 | -11.6% | -$1,271.97 |
| $239.47 | +10.6% | +$570.00 |
| $287.37 | +32.7% | +$570.00 |
| $335.26 | +54.8% | +$570.00 |
| $383.15 | +76.9% | +$570.00 |
| $431.04 | +99.0% | +$570.00 |
When traders use cash-secured put on MATX
Cash-secured puts on MATX earn premium while a trader waits to acquire MATX stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning MATX.
MATX thesis for this cash-secured put
The market-implied 1-standard-deviation range for MATX extends from approximately $196.99 on the downside to $236.23 on the upside. A MATX cash-secured put lets a trader earn premium while waiting to acquire MATX 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 MATX IV rank near 8.74% 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 MATX at 31.60%. As a Industrials name, MATX options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to MATX-specific events.
MATX 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. MATX positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move MATX alongside the broader basket even when MATX-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on MATX carry tail risk when realized volatility exceeds the implied move; review historical MATX earnings reactions and macro stress periods before sizing. Always rebuild the position from current MATX chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on MATX?
- A cash-secured put on MATX is the cash-secured put strategy applied to MATX (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 MATX stock at $216.61 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed MATX chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are MATX 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 MATX cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 31.60%), the computed maximum profit is $570.00 per contract and the computed maximum loss is -$20,429.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a MATX cash-secured put?
- The breakeven for the MATX cash-secured put priced on this page is roughly $204.30 at expiration, derived from the August 14, 2026 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 MATX market-implied 1-standard-deviation expected move in the same options snapshot is approximately 9.06%; 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 MATX?
- Cash-secured puts on MATX earn premium while a trader waits to acquire MATX stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning MATX.
- How does current MATX implied volatility affect this cash-secured put?
- MATX ATM IV is at 31.60% with IV rank near 8.74%, 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.