How are ODD 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 ODD cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 123.94%), the computed maximum profit is $162.50 per contract and the computed maximum loss is -$1,136.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

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

The breakeven for the ODD cash-secured put priced on this page is roughly $11.38 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 ODD market-implied 1-standard-deviation expected move in the same options snapshot is approximately 35.53%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

ODD ATM IV is at 123.94% with IV rank near 91.80%, 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.

ODD Cash-Secured Put Strategy

ODD (Oddity Tech Ltd.), in the Consumer Defensive sector, (Household & Personal Products industry), listed on NASDAQ.

Operating globally, Oddity Tech Ltd. and its affiliated companies function as a consumer technology enterprise. It delivers beauty and wellness merchandise, leveraging its proprietary PowerMatch technology. The firm's strategic focus is on developing and growing digitally native brands, aiming to revolutionize the traditionally brick-and-mortar beauty and wellness sectors. Its product portfolio features items for the face, complexion, eyes, brows, lips, and general skincare, marketed under the IL MAKIAGE label. Additionally, the SpoiledChild brand specializes in hair and skin care solutions. Founded in 2013, this corporation maintains its headquarters in Tel Aviv-Jaffa, Israel.

ODD (Oddity Tech Ltd.) trades in the Consumer Defensive sector, specifically Household & Personal Products, with a market capitalization of approximately $735.3M, a trailing P/E of 14.09, a beta of 2.38 versus the broader market, a 52-week range of 9.25-64.23, average daily share volume of 1.4M, a public-listing history dating back to 2023, approximately 658 full-time employees. These structural characteristics shape how ODD stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 2.38 indicates ODD 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 ODD?

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.

ODD snapshot

As of August 14, 2026, spot at $13.34, ATM IV 123.94%, IV rank 91.80%, expected move 35.53%. The cash-secured put on ODD 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 28-day expiry.

Why this cash-secured put structure on ODD specifically: ODD IV at 123.94% is rich versus its 1-year range, which favors premium-selling structures like a ODD cash-secured put, with a market-implied 1-standard-deviation move of approximately 35.53% (roughly $4.74 on the underlying). The 28-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated ODD expiries trade a higher absolute premium for lower per-day decay. Position sizing on ODD should anchor to the underlying notional of $13.34 per share and to the trader's directional view on ODD stock.

ODD cash-secured put setup

The ODD 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 ODD at $13.34 on that close, the first option leg uses a $13.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ODD chain at a 28-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 ODD shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$13.00	$1.63

ODD cash-secured put risk and reward

Net Premium / Debit: +$162.50
Max Profit (per contract): $162.50
Max Loss (per contract): -$1,136.50
Breakeven(s): $11.38
Risk / Reward Ratio: 0.143

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

ODD cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on ODD. 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%	-$1,136.50
$2.96	-77.8%	-$841.66
$5.91	-55.7%	-$546.81
$8.86	-33.6%	-$251.97
$11.80	-11.5%	+$42.88
$14.75	+10.6%	+$162.50
$17.70	+32.7%	+$162.50
$20.65	+54.8%	+$162.50
$23.60	+76.9%	+$162.50
$26.55	+99.0%	+$162.50

When traders use cash-secured put on ODD

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

ODD thesis for this cash-secured put

The market-implied 1-standard-deviation range for ODD extends from approximately $8.60 on the downside to $18.08 on the upside. A ODD cash-secured put lets a trader earn premium while waiting to acquire ODD 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 ODD IV rank near 91.80% 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 ODD at 123.94%. As a Consumer Defensive name, ODD options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ODD-specific events.

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

Frequently asked questions

What is a cash-secured put on ODD?: A cash-secured put on ODD is the cash-secured put strategy applied to ODD (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 ODD stock at $13.34 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed ODD chain strike and the premiums come straight from that session's bid/ask midpoint.
How are ODD 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 ODD cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 123.94%), the computed maximum profit is $162.50 per contract and the computed maximum loss is -$1,136.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a ODD cash-secured put?: The breakeven for the ODD cash-secured put priced on this page is roughly $11.38 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 ODD market-implied 1-standard-deviation expected move in the same options snapshot is approximately 35.53%; 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 ODD?: Cash-secured puts on ODD earn premium while a trader waits to acquire ODD stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning ODD.
How does current ODD implied volatility affect this cash-secured put?: ODD ATM IV is at 123.94% with IV rank near 91.80%, 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.