How are NXT 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 NXT cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 63.60%), the computed maximum profit is $435.00 per contract and the computed maximum loss is -$9,064.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

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

The breakeven for the NXT cash-secured put priced on this page is roughly $90.65 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 NXT market-implied 1-standard-deviation expected move in the same options snapshot is approximately 18.23%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

NXT ATM IV is at 63.60% with IV rank near 14.56%, 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.

NXT Cash-Secured Put Strategy

NXT (Nextpower Inc.), in the Technology sector, (Solar industry), listed on NASDAQ.

Nextpower, Inc. engages in the provision of integrated solar tracker and software solutions used in utility-scale and ground-mounted distributed generation solar projects. Its products enable solar panels in utility-scale power plants to follow the sun's movement across the sky and optimize plant performance. The company was founded by Daniel S. Shugar, Alexander Au, Nicholas Miller, Michael Mehavich, Marco Garcia, and Tyroan Hardy in 2013 and is headquartered in Fremont, CA.

NXT (Nextpower Inc.) trades in the Technology sector, specifically Solar, with a market capitalization of approximately $15.72B, a trailing P/E of 26.31, a beta of 1.95 versus the broader market, a 52-week range of 52.61-163.13, average daily share volume of 2.8M, a public-listing history dating back to 2023, approximately 2K full-time employees. These structural characteristics shape how NXT stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.95 indicates NXT has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position.

What is a cash-secured put on NXT?

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.

NXT snapshot

As of August 14, 2026, spot at $102.35, ATM IV 63.60%, IV rank 14.56%, expected move 18.23%. The cash-secured put on NXT 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 NXT specifically: NXT IV at 63.60% is on the cheap side of its 1-year range, which means a premium-selling NXT cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 18.23% (roughly $18.66 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 NXT expiries trade a higher absolute premium for lower per-day decay. Position sizing on NXT should anchor to the underlying notional of $102.35 per share and to the trader's directional view on NXT stock.

NXT cash-secured put setup

The NXT 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 NXT at $102.35 on that close, the first option leg uses a $95.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed NXT 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 NXT shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$95.00	$4.35

NXT cash-secured put risk and reward

Net Premium / Debit: +$435.00
Max Profit (per contract): $435.00
Max Loss (per contract): -$9,064.00
Breakeven(s): $90.65
Risk / Reward Ratio: 0.048

Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.

NXT cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on NXT. 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	-100.0%	-$9,064.00
$22.64	-77.9%	-$6,801.10
$45.27	-55.8%	-$4,538.19
$67.90	-33.7%	-$2,275.29
$90.53	-11.6%	-$12.38
$113.16	+10.6%	+$435.00
$135.78	+32.7%	+$435.00
$158.41	+54.8%	+$435.00
$181.04	+76.9%	+$435.00
$203.67	+99.0%	+$435.00

When traders use cash-secured put on NXT

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

NXT thesis for this cash-secured put

The market-implied 1-standard-deviation range for NXT extends from approximately $83.69 on the downside to $121.01 on the upside. A NXT cash-secured put lets a trader earn premium while waiting to acquire NXT 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 NXT IV rank near 14.56% 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 NXT at 63.60%. As a Technology name, NXT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to NXT-specific events.

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

Frequently asked questions

What is a cash-secured put on NXT?: A cash-secured put on NXT is the cash-secured put strategy applied to NXT (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 NXT stock at $102.35 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed NXT chain strike and the premiums come straight from that session's bid/ask midpoint.
How are NXT 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 NXT cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 63.60%), the computed maximum profit is $435.00 per contract and the computed maximum loss is -$9,064.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a NXT cash-secured put?: The breakeven for the NXT cash-secured put priced on this page is roughly $90.65 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 NXT market-implied 1-standard-deviation expected move in the same options snapshot is approximately 18.23%; 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 NXT?: Cash-secured puts on NXT earn premium while a trader waits to acquire NXT stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning NXT.
How does current NXT implied volatility affect this cash-secured put?: NXT ATM IV is at 63.60% with IV rank near 14.56%, 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.