How are NVGS 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 NVGS cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 470.00%), the computed maximum profit is $71.00 per contract and the computed maximum loss is -$1,728.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a NVGS cash-secured put?

The breakeven for the NVGS cash-secured put priced on this page is roughly $17.29 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 NVGS market-implied 1-standard-deviation expected move is approximately 134.75%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current NVGS implied volatility affect this cash-secured put?

NVGS ATM IV is at 470.00% with IV rank near 100.00%, 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.

NVGS Cash-Secured Put Strategy

NVGS (Navigator Holdings Ltd.), in the Industrials sector, (Marine Shipping industry), listed on NYSE.

Navigator Holdings Ltd. owns and operates a fleet of liquefied gas carriers worldwide. It engages in the international and regional seaborne transportation of petrochemical gases, liquefied petroleum gases, and ammonia for energy companies, industrial users, and commodity traders. The company also provides ship shore infrastructure and consultancy services. It operates through a fleet of 57 semi- or fully-refrigerated liquefied gas carriers. Navigator Holdings Ltd. was formerly known as Isle of Man public limited company and changed its name to Navigator Holdings Ltd. in 2006. The company was incorporated in 1997 and is based in London, the United Kingdom.

NVGS (Navigator Holdings Ltd.) trades in the Industrials sector, specifically Marine Shipping, with a market capitalization of approximately $1.24B, a trailing P/E of 12.04, a beta of 0.44 versus the broader market, a 52-week range of 13.9-24.36, average daily share volume of 426K, a public-listing history dating back to 2007, approximately 2K full-time employees. These structural characteristics shape how NVGS stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.44 indicates NVGS has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. NVGS 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 NVGS?

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 NVGS snapshot

As of June 29, 2026, spot at $19.11, ATM IV 470.00%, IV rank 100.00%, expected move 134.75%. The cash-secured put on NVGS 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 81-day expiry.

Why this cash-secured put structure on NVGS specifically: NVGS IV at 470.00% is rich versus its 1-year range, which favors premium-selling structures like a NVGS cash-secured put, with a market-implied 1-standard-deviation move of approximately 134.75% (roughly $25.75 on the underlying). The 81-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated NVGS expiries trade a higher absolute premium for lower per-day decay. Position sizing on NVGS should anchor to the underlying notional of $19.11 per share and to the trader's directional view on NVGS stock.

NVGS cash-secured put setup

The NVGS 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 NVGS near $19.11, the first option leg uses a $18.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed NVGS chain at a 81-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 NVGS shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$18.00	$0.71

NVGS cash-secured put risk and reward

Net Premium / Debit: +$71.00
Max Profit (per contract): $71.00
Max Loss (per contract): -$1,728.00
Breakeven(s): $17.29
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.

NVGS cash-secured put payoff curve

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

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-99.9%	-$1,728.00
$4.23	-77.8%	-$1,305.58
$8.46	-55.7%	-$883.16
$12.68	-33.6%	-$460.73
$16.91	-11.5%	-$38.31
$21.13	+10.6%	+$71.00
$25.36	+32.7%	+$71.00
$29.58	+54.8%	+$71.00
$33.80	+76.9%	+$71.00
$38.03	+99.0%	+$71.00

When traders use cash-secured put on NVGS

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

NVGS thesis for this cash-secured put

The market-implied 1-standard-deviation range for NVGS extends from approximately $-6.64 on the downside to $44.86 on the upside. A NVGS cash-secured put lets a trader earn premium while waiting to acquire NVGS 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 NVGS IV rank near 100.00% 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 NVGS at 470.00%. As a Industrials name, NVGS options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to NVGS-specific events.

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

Frequently asked questions

What is a cash-secured put on NVGS?: A cash-secured put on NVGS is the cash-secured put strategy applied to NVGS (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 NVGS stock trading near $19.11, the strikes shown on this page are snapped to the nearest listed NVGS chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are NVGS 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 NVGS cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 470.00%), the computed maximum profit is $71.00 per contract and the computed maximum loss is -$1,728.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a NVGS cash-secured put?: The breakeven for the NVGS cash-secured put priced on this page is roughly $17.29 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 NVGS market-implied 1-standard-deviation expected move is approximately 134.75%; 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 NVGS?: Cash-secured puts on NVGS earn premium while a trader waits to acquire NVGS stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning NVGS.
How does current NVGS implied volatility affect this cash-secured put?: NVGS ATM IV is at 470.00% with IV rank near 100.00%, 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.