MYRG Cash-Secured Put Strategy
MYRG (MYR Group Inc.), in the Industrials sector, (Engineering & Construction industry), listed on NASDAQ.
MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. It operates in two segments, Transmission and Distribution, and Commercial and Industrial. The Transmission and Distribution segment offers a range of services on electric transmission and distribution networks, and substation facilities, including design, engineering, procurement, construction, upgrade, maintenance, and repair services with primary focus on construction, maintenance, and repair to customers in the electric utility industry; and services, including construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems, renewable power facilities, and limited gas construction services, as well as emergency restoration services in response to hurricane, ice, or other storm related damages. This segment serves as a prime contractor to customers, such as investor-owned utilities, cooperatives, private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facility owners, and other contractors. The Commercial and Industrial segment provides a range of services, including design, installation, maintenance, and repair of commercial and industrial wiring; and installation of traffic networks, bridge, roadway, and tunnel lighting for airports, hospitals, data centers, hotels, stadiums, convention centers, renewable energy projects, manufacturing plants, processing facilities, waste-water treatment facilities, mining facilities, and transportation control and management systems. This segment serves general contractors, commercial and industrial facility owners, governmental agencies, and developers.
MYRG (MYR Group Inc.) trades in the Industrials sector, specifically Engineering & Construction, with a market capitalization of approximately $7.29B, a trailing P/E of 51.24, a beta of 1.30 versus the broader market, a 52-week range of 154.55-475.4, average daily share volume of 305K, a public-listing history dating back to 2008, approximately 9K full-time employees. These structural characteristics shape how MYRG stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.30 places MYRG roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. The trailing P/E of 51.24 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 MYRG?
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 MYRG snapshot
As of May 15, 2026, spot at $466.56, ATM IV 52.50%, IV rank 54.49%, expected move 15.05%. The cash-secured put on MYRG 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 MYRG specifically: MYRG IV at 52.50% is mid-range versus its 1-year history, so the credit collected on a MYRG cash-secured put sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 15.05% (roughly $70.22 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 MYRG expiries trade a higher absolute premium for lower per-day decay. Position sizing on MYRG should anchor to the underlying notional of $466.56 per share and to the trader's directional view on MYRG stock.
MYRG cash-secured put setup
The MYRG 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 MYRG near $466.56, the first option leg uses a $440.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed MYRG 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 MYRG shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $440.00 | $17.25 |
MYRG cash-secured put risk and reward
- Net Premium / Debit
- +$1,725.00
- Max Profit (per contract)
- $1,725.00
- Max Loss (per contract)
- -$42,274.00
- Breakeven(s)
- $422.75
- Risk / Reward Ratio
- 0.041
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
MYRG cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on MYRG. 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% | -$42,274.00 |
| $103.17 | -77.9% | -$31,958.21 |
| $206.33 | -55.8% | -$21,642.42 |
| $309.48 | -33.7% | -$11,326.63 |
| $412.64 | -11.6% | -$1,010.84 |
| $515.80 | +10.6% | +$1,725.00 |
| $618.96 | +32.7% | +$1,725.00 |
| $722.12 | +54.8% | +$1,725.00 |
| $825.27 | +76.9% | +$1,725.00 |
| $928.43 | +99.0% | +$1,725.00 |
When traders use cash-secured put on MYRG
Cash-secured puts on MYRG earn premium while a trader waits to acquire MYRG stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning MYRG.
MYRG thesis for this cash-secured put
The market-implied 1-standard-deviation range for MYRG extends from approximately $396.34 on the downside to $536.78 on the upside. A MYRG cash-secured put lets a trader earn premium while waiting to acquire MYRG 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 MYRG IV rank near 54.49% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put thesis on MYRG should anchor more to the directional view and the expected-move geometry. As a Industrials name, MYRG options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to MYRG-specific events.
MYRG 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. MYRG positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move MYRG alongside the broader basket even when MYRG-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on MYRG carry tail risk when realized volatility exceeds the implied move; review historical MYRG earnings reactions and macro stress periods before sizing. Always rebuild the position from current MYRG chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on MYRG?
- A cash-secured put on MYRG is the cash-secured put strategy applied to MYRG (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 MYRG stock trading near $466.56, the strikes shown on this page are snapped to the nearest listed MYRG chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are MYRG 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 MYRG cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 52.50%), the computed maximum profit is $1,725.00 per contract and the computed maximum loss is -$42,274.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a MYRG cash-secured put?
- The breakeven for the MYRG cash-secured put priced on this page is roughly $422.75 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 MYRG market-implied 1-standard-deviation expected move is approximately 15.05%; 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 MYRG?
- Cash-secured puts on MYRG earn premium while a trader waits to acquire MYRG stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning MYRG.
- How does current MYRG implied volatility affect this cash-secured put?
- MYRG ATM IV is at 52.50% with IV rank near 54.49%, 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.