OUST Cash-Secured Put Strategy
OUST (Ouster, Inc.), in the Technology sector, (Semiconductors industry), listed on NASDAQ.
Ouster, Inc. engages in the production and sale of lidar sensor kits for the automotive, industrial, robotics, and smart infrastructure industries in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company offers the Outer Sensor (OS) product line, including OSDome that provides a hemispheric field of view; OS0 for wide view; OS1, for mid-range view; and OS2 for long-range view. It also provides the DF series, a suite of short, mid, and long-range solid-state digital lidar sensors for advanced driver assistance systems (ADAS) and autonomous driving systems; Velodyne that offers surround-view lidar sensors comprising VLP-16, VLP-16 Lite, VLP-16 Hi-Res, VLP-32, and VLS-128; Ouster Gemini, a perception platform designed for smart infrastructure deployments; and BlueCity, a Gemini-powered solution for traffic operations, planning, and safety. In addition, the company offers ZED, a high-performance camera that provides 2D and 3D color data, as well as AI Compute. Further, it is developing solid-state digital flash sensors, a suite of short, mid, and long-range solid-state digital lidar sensors that provide uniform precision imaging without motion blur across an entire field of view. Ouster, Inc. was founded in 2015 and is headquartered in San Francisco, California.
OUST (Ouster, Inc.) trades in the Technology sector, specifically Semiconductors, with a market capitalization of approximately $3.10B, a beta of 3.28 versus the broader market, a 52-week range of 16.4-63.79, average daily share volume of 4.3M, a public-listing history dating back to 2020, approximately 320 full-time employees. These structural characteristics shape how OUST stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 3.28 indicates OUST 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 OUST?
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.
OUST snapshot
As of August 14, 2026, spot at $48.99, ATM IV 103.33%, IV rank 38.26%, expected move 29.62%. The cash-secured put on OUST 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 OUST specifically: OUST IV at 103.33% is mid-range versus its 1-year history, so the credit collected on a OUST cash-secured put sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 29.62% (roughly $14.51 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 OUST expiries trade a higher absolute premium for lower per-day decay. Position sizing on OUST should anchor to the underlying notional of $48.99 per share and to the trader's directional view on OUST stock.
OUST cash-secured put setup
The OUST 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 OUST at $48.99 on that close, the first option leg uses a $47.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed OUST 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 OUST shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $47.00 | $4.45 |
OUST cash-secured put risk and reward
- Net Premium / Debit
- +$445.00
- Max Profit (per contract)
- $445.00
- Max Loss (per contract)
- -$4,254.00
- Breakeven(s)
- $42.55
- Risk / Reward Ratio
- 0.105
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
OUST cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on OUST. 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% | -$4,254.00 |
| $10.84 | -77.9% | -$3,170.91 |
| $21.67 | -55.8% | -$2,087.83 |
| $32.50 | -33.7% | -$1,004.74 |
| $43.33 | -11.5% | +$78.34 |
| $54.16 | +10.6% | +$445.00 |
| $65.00 | +32.7% | +$445.00 |
| $75.83 | +54.8% | +$445.00 |
| $86.66 | +76.9% | +$445.00 |
| $97.49 | +99.0% | +$445.00 |
When traders use cash-secured put on OUST
Cash-secured puts on OUST earn premium while a trader waits to acquire OUST stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning OUST.
OUST thesis for this cash-secured put
The market-implied 1-standard-deviation range for OUST extends from approximately $34.48 on the downside to $63.50 on the upside. A OUST cash-secured put lets a trader earn premium while waiting to acquire OUST 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 OUST IV rank near 38.26% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put thesis on OUST should anchor more to the directional view and the expected-move geometry. As a Technology name, OUST options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to OUST-specific events.
OUST 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. OUST positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move OUST alongside the broader basket even when OUST-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on OUST carry tail risk when realized volatility exceeds the implied move; review historical OUST earnings reactions and macro stress periods before sizing. Always rebuild the position from current OUST chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on OUST?
- A cash-secured put on OUST is the cash-secured put strategy applied to OUST (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 OUST stock at $48.99 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed OUST chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are OUST 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 OUST cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 103.33%), the computed maximum profit is $445.00 per contract and the computed maximum loss is -$4,254.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a OUST cash-secured put?
- The breakeven for the OUST cash-secured put priced on this page is roughly $42.55 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 OUST market-implied 1-standard-deviation expected move in the same options snapshot is approximately 29.62%; 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 OUST?
- Cash-secured puts on OUST earn premium while a trader waits to acquire OUST stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning OUST.
- How does current OUST implied volatility affect this cash-secured put?
- OUST ATM IV is at 103.33% with IV rank near 38.26%, 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.