PKBK Cash-Secured Put Strategy
PKBK (Parke Bancorp, Inc.), in the Financial Services sector, (Banks - Regional industry), listed on NASDAQ.
Parke Bancorp, Inc., the parent company of Parke Bank, delivers a comprehensive suite of financial services to individuals and small to medium-sized enterprises. Clients can access a variety of deposit options, such as checking, savings, and money market accounts, along with individual retirement accounts (IRAs) and certificates of deposit (CDs). Its lending activities encompass a diverse portfolio, featuring commercial and industrial financing, construction loans, mortgages for both commercial and residential properties, and consumer credit. Complementing these core offerings, Parke Bank also facilitates transactions through debit cards and modern digital platforms, including internet banking and online bill pay. The institution maintains a physical presence with seven branch offices, strategically located across New Jersey (Galloway Township, Northfield, Washington Township, and Collingswood) and in Philadelphia, Pennsylvania. Established in 1999, Parke Bancorp, Inc. operates from its headquarters in Washington Township, New Jersey.
PKBK (Parke Bancorp, Inc.) trades in the Financial Services sector, specifically Banks - Regional, with a market capitalization of approximately $389.5M, a trailing P/E of 9.20, a beta of 0.50 versus the broader market, a 52-week range of 19.71-32.99, average daily share volume of 90K, a public-listing history dating back to 2003, approximately 99 full-time employees. These structural characteristics shape how PKBK stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.50 indicates PKBK has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. The trailing P/E of 9.20 is on the value side, where IV often compresses outside event windows because forward growth expectations are already discounted into the share price. PKBK 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 PKBK?
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 PKBK snapshot
As of June 29, 2026, spot at $33.18, ATM IV 59.60%, IV rank 16.13%, expected move 17.09%. The cash-secured put on PKBK 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 18-day expiry.
Why this cash-secured put structure on PKBK specifically: PKBK IV at 59.60% is on the cheap side of its 1-year range, which means a premium-selling PKBK cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 17.09% (roughly $5.67 on the underlying). The 18-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated PKBK expiries trade a higher absolute premium for lower per-day decay. Position sizing on PKBK should anchor to the underlying notional of $33.18 per share and to the trader's directional view on PKBK stock.
PKBK cash-secured put setup
The PKBK 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 PKBK near $33.18, the first option leg uses a $31.52 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed PKBK chain at a 18-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 PKBK shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $31.52 | N/A |
PKBK cash-secured put risk and reward
- Net Premium / Debit
- N/A
- Max Profit (per contract)
- Unbounded
- Max Loss (per contract)
- Unbounded
- Breakeven(s)
- None on modeled curve
- Risk / Reward Ratio
- N/A
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
PKBK cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on PKBK. 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.
When traders use cash-secured put on PKBK
Cash-secured puts on PKBK earn premium while a trader waits to acquire PKBK stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning PKBK.
PKBK thesis for this cash-secured put
The market-implied 1-standard-deviation range for PKBK extends from approximately $27.51 on the downside to $38.85 on the upside. A PKBK cash-secured put lets a trader earn premium while waiting to acquire PKBK 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 PKBK IV rank near 16.13% 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 PKBK at 59.60%. As a Financial Services name, PKBK options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to PKBK-specific events.
PKBK 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. PKBK positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move PKBK alongside the broader basket even when PKBK-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on PKBK carry tail risk when realized volatility exceeds the implied move; review historical PKBK earnings reactions and macro stress periods before sizing. Always rebuild the position from current PKBK chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on PKBK?
- A cash-secured put on PKBK is the cash-secured put strategy applied to PKBK (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 PKBK stock trading near $33.18, the strikes shown on this page are snapped to the nearest listed PKBK chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are PKBK 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 PKBK cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 59.60%), the computed maximum profit is unbounded per contract and the computed maximum loss is unbounded per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a PKBK cash-secured put?
- The breakeven for the PKBK cash-secured put priced on this page is no defined breakeven on the modeled curve 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 PKBK market-implied 1-standard-deviation expected move is approximately 17.09%; 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 PKBK?
- Cash-secured puts on PKBK earn premium while a trader waits to acquire PKBK stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning PKBK.
- How does current PKBK implied volatility affect this cash-secured put?
- PKBK ATM IV is at 59.60% with IV rank near 16.13%, 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.