MTZ Cash-Secured Put Strategy
MTZ (MasTec, Inc.), in the Industrials sector, (Engineering & Construction industry), listed on NYSE.
MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other segments. The company builds underground and overhead distribution systems, including trenches, conduits, cell towers, cable, and power lines, which provide wireless and wireline/fiber communications; clean energy infrastructure comprising renewable energy; natural gas, product transport; electrical and gas transmission, and distribution systems; heavy industrial plants; compressor and pump stations, and treatment plants; water and sewer infrastructure, including water pipelines; and other civil construction infrastructure. It also installs electrical and other gas distribution and transmission systems, power generation facilities, buried and aerial fiber optic and other cables, as well as home automation and energy management solutions. In addition, the company offers maintenance and upgrade support services comprising maintenance of customers' distribution facilities, networks, and infrastructure, including communications, power generation, pipeline, electrical distribution and transmission, and heavy civil infrastructure; service restoration for natural disasters and accidents; and routine replacements and upgrades to overhauls. Its customers include public and private energy providers, pipeline operators, wireless and wireline/fiber service providers, broadband operators, install-to-the-home service providers, and government entities.
MTZ (MasTec, Inc.) trades in the Industrials sector, specifically Engineering & Construction, with a market capitalization of approximately $33.49B, a trailing P/E of 72.00, a beta of 1.82 versus the broader market, a 52-week range of 145.46-441.43, average daily share volume of 1.2M, a public-listing history dating back to 1973, approximately 32K full-time employees. These structural characteristics shape how MTZ stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.82 indicates MTZ has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. The trailing P/E of 72.00 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 MTZ?
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 MTZ snapshot
As of May 15, 2026, spot at $416.47, ATM IV 50.70%, IV rank 49.42%, expected move 14.54%. The cash-secured put on MTZ 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 MTZ specifically: MTZ IV at 50.70% is mid-range versus its 1-year history, so the credit collected on a MTZ cash-secured put sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 14.54% (roughly $60.53 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 MTZ expiries trade a higher absolute premium for lower per-day decay. Position sizing on MTZ should anchor to the underlying notional of $416.47 per share and to the trader's directional view on MTZ stock.
MTZ cash-secured put setup
The MTZ 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 MTZ near $416.47, the first option leg uses a $400.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed MTZ 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 MTZ shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $400.00 | $17.85 |
MTZ cash-secured put risk and reward
- Net Premium / Debit
- +$1,785.00
- Max Profit (per contract)
- $1,785.00
- Max Loss (per contract)
- -$38,214.00
- Breakeven(s)
- $382.15
- Risk / Reward Ratio
- 0.047
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
MTZ cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on MTZ. 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% | -$38,214.00 |
| $92.09 | -77.9% | -$29,005.73 |
| $184.18 | -55.8% | -$19,797.46 |
| $276.26 | -33.7% | -$10,589.19 |
| $368.34 | -11.6% | -$1,380.91 |
| $460.42 | +10.6% | +$1,785.00 |
| $552.51 | +32.7% | +$1,785.00 |
| $644.59 | +54.8% | +$1,785.00 |
| $736.67 | +76.9% | +$1,785.00 |
| $828.75 | +99.0% | +$1,785.00 |
When traders use cash-secured put on MTZ
Cash-secured puts on MTZ earn premium while a trader waits to acquire MTZ stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning MTZ.
MTZ thesis for this cash-secured put
The market-implied 1-standard-deviation range for MTZ extends from approximately $355.94 on the downside to $477.00 on the upside. A MTZ cash-secured put lets a trader earn premium while waiting to acquire MTZ 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 MTZ IV rank near 49.42% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put thesis on MTZ should anchor more to the directional view and the expected-move geometry. As a Industrials name, MTZ options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to MTZ-specific events.
MTZ 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. MTZ positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move MTZ alongside the broader basket even when MTZ-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on MTZ carry tail risk when realized volatility exceeds the implied move; review historical MTZ earnings reactions and macro stress periods before sizing. Always rebuild the position from current MTZ chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on MTZ?
- A cash-secured put on MTZ is the cash-secured put strategy applied to MTZ (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 MTZ stock trading near $416.47, the strikes shown on this page are snapped to the nearest listed MTZ chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are MTZ 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 MTZ cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 50.70%), the computed maximum profit is $1,785.00 per contract and the computed maximum loss is -$38,214.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a MTZ cash-secured put?
- The breakeven for the MTZ cash-secured put priced on this page is roughly $382.15 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 MTZ market-implied 1-standard-deviation expected move is approximately 14.54%; 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 MTZ?
- Cash-secured puts on MTZ earn premium while a trader waits to acquire MTZ stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning MTZ.
- How does current MTZ implied volatility affect this cash-secured put?
- MTZ ATM IV is at 50.70% with IV rank near 49.42%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.