OSK Cash-Secured Put Strategy
OSK (Oshkosh Corp), in the Industrials sector, (Auto - Manufacturers industry), listed on NYSE.
Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Vocational, and Transport segment. The Access segment designs and manufactures aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides financing and leasing solutions, including rental fleet loans, leases, and floor plan and retail financing. This segment also offers equipment installation and sale of chassis and service parts, as well as offers parts and accessories. The Transport segment engages in the manufacture and sale of heavy, medium, and light tactical wheeled vehicles and related services for defense; and hauling combat vehicles, missile systems, ammunition, fuel, and troops and cargos. The Vocational segment offers custom and commercial firefighting equipment, fire apparatus, and emergency vehicles, including pumpers, aerial platform, ladder and tiller trucks, and tankers; light, medium, and heavy-duty rescue vehicles; and wildland rough terrain response other emergency response vehicles.
OSK (Oshkosh Corp) trades in the Industrials sector, specifically Auto - Manufacturers, with a market capitalization of approximately $9.45B, a trailing P/E of 16.48, a beta of 1.27 versus the broader market, a 52-week range of 112.84-180.49, average daily share volume of 715K, a public-listing history dating back to 1985, approximately 18K full-time employees. These structural characteristics shape how OSK stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.27 places OSK roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. OSK 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 OSK?
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 OSK snapshot
As of June 30, 2026, spot at $153.93, ATM IV 40.40%, IV rank 37.39%, expected move 11.58%. The cash-secured put on OSK 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 17-day expiry.
Why this cash-secured put structure on OSK specifically: OSK IV at 40.40% is mid-range versus its 1-year history, so the credit collected on a OSK cash-secured put sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 11.58% (roughly $17.83 on the underlying). The 17-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated OSK expiries trade a higher absolute premium for lower per-day decay. Position sizing on OSK should anchor to the underlying notional of $153.93 per share and to the trader's directional view on OSK stock.
OSK cash-secured put setup
The OSK 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 OSK near $153.93, the first option leg uses a $145.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed OSK chain at a 17-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 OSK shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $145.00 | $2.35 |
OSK cash-secured put risk and reward
- Net Premium / Debit
- +$235.00
- Max Profit (per contract)
- $235.00
- Max Loss (per contract)
- -$14,264.00
- Breakeven(s)
- $142.65
- Risk / Reward Ratio
- 0.016
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
OSK cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on OSK. 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% | -$14,264.00 |
| $34.04 | -77.9% | -$10,860.63 |
| $68.08 | -55.8% | -$7,457.27 |
| $102.11 | -33.7% | -$4,053.90 |
| $136.14 | -11.6% | -$650.53 |
| $170.18 | +10.6% | +$235.00 |
| $204.21 | +32.7% | +$235.00 |
| $238.25 | +54.8% | +$235.00 |
| $272.28 | +76.9% | +$235.00 |
| $306.31 | +99.0% | +$235.00 |
When traders use cash-secured put on OSK
Cash-secured puts on OSK earn premium while a trader waits to acquire OSK stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning OSK.
OSK thesis for this cash-secured put
The market-implied 1-standard-deviation range for OSK extends from approximately $136.10 on the downside to $171.76 on the upside. A OSK cash-secured put lets a trader earn premium while waiting to acquire OSK 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 OSK IV rank near 37.39% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put thesis on OSK should anchor more to the directional view and the expected-move geometry. As a Industrials name, OSK options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to OSK-specific events.
OSK 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. OSK positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move OSK alongside the broader basket even when OSK-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on OSK carry tail risk when realized volatility exceeds the implied move; review historical OSK earnings reactions and macro stress periods before sizing. Always rebuild the position from current OSK chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on OSK?
- A cash-secured put on OSK is the cash-secured put strategy applied to OSK (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 OSK stock trading near $153.93, the strikes shown on this page are snapped to the nearest listed OSK chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are OSK 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 OSK cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 40.40%), the computed maximum profit is $235.00 per contract and the computed maximum loss is -$14,264.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a OSK cash-secured put?
- The breakeven for the OSK cash-secured put priced on this page is roughly $142.65 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 OSK market-implied 1-standard-deviation expected move is approximately 11.58%; 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 OSK?
- Cash-secured puts on OSK earn premium while a trader waits to acquire OSK stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning OSK.
- How does current OSK implied volatility affect this cash-secured put?
- OSK ATM IV is at 40.40% with IV rank near 37.39%, 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.