QRHC Cash-Secured Put Strategy
QRHC (Quest Resource Holding Corporation), in the Industrials sector, (Waste Management industry), listed on NASDAQ.
Quest Resource Holding Corporation, together with its subsidiaries, provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States. It offers disposal and recycling services for motor oil and automotive lubricants, oil filters, scrap tires, oily water, goods destruction, food waste, meat renderings, cooking oil and grease trap waste, plastics, cardboard, metal, glass, mixed paper, construction debris, as well as a large variety of regulated and non-regulated solid, liquid, and gas wastes. The company provides santifreeze and windshield washer fluid, dumpster and compacting equipment, and other minor ancillary services. In addition, it offers landfill diversion services. The company's services focus on the waste streams and recyclables from big box, grocers, and other retailers; automotive maintenance, quick lube, dealerships, and collision repair; transportation, logistics, and internal fleet operators; manufacturing plants; multi-family and commercial properties; restaurant chains and food operations; and construction and demolition projects. It markets its services to automotive, manufacturing, hospitality and retail, construction and demolition, and commercial and multi-family property management industries through direct sales force and strategic partnerships.
QRHC (Quest Resource Holding Corporation) trades in the Industrials sector, specifically Waste Management, with a market capitalization of approximately $22.5M, a beta of 0.21 versus the broader market, a 52-week range of 0.81-2.55, average daily share volume of 58K, a public-listing history dating back to 2010, approximately 224 full-time employees. These structural characteristics shape how QRHC stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.21 indicates QRHC has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure.
What is a cash-secured put on QRHC?
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 QRHC snapshot
As of May 15, 2026, spot at $1.06, ATM IV 28.00%, IV rank 2.32%, expected move 8.03%. The cash-secured put on QRHC 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 34-day expiry.
Why this cash-secured put structure on QRHC specifically: QRHC IV at 28.00% is on the cheap side of its 1-year range, which means a premium-selling QRHC cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 8.03% (roughly $0.09 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated QRHC expiries trade a higher absolute premium for lower per-day decay. Position sizing on QRHC should anchor to the underlying notional of $1.06 per share and to the trader's directional view on QRHC stock.
QRHC cash-secured put setup
The QRHC 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 QRHC near $1.06, the first option leg uses a $1.01 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed QRHC chain at a 34-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 QRHC shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $1.01 | N/A |
QRHC 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.
QRHC cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on QRHC. 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 QRHC
Cash-secured puts on QRHC earn premium while a trader waits to acquire QRHC stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning QRHC.
QRHC thesis for this cash-secured put
The market-implied 1-standard-deviation range for QRHC extends from approximately $0.97 on the downside to $1.15 on the upside. A QRHC cash-secured put lets a trader earn premium while waiting to acquire QRHC 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 QRHC IV rank near 2.32% 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 QRHC at 28.00%. As a Industrials name, QRHC options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to QRHC-specific events.
QRHC 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. QRHC positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move QRHC alongside the broader basket even when QRHC-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on QRHC carry tail risk when realized volatility exceeds the implied move; review historical QRHC earnings reactions and macro stress periods before sizing. Always rebuild the position from current QRHC chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on QRHC?
- A cash-secured put on QRHC is the cash-secured put strategy applied to QRHC (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 QRHC stock trading near $1.06, the strikes shown on this page are snapped to the nearest listed QRHC chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are QRHC 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 QRHC cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 28.00%), 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 QRHC cash-secured put?
- The breakeven for the QRHC 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 QRHC market-implied 1-standard-deviation expected move is approximately 8.03%; 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 QRHC?
- Cash-secured puts on QRHC earn premium while a trader waits to acquire QRHC stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning QRHC.
- How does current QRHC implied volatility affect this cash-secured put?
- QRHC ATM IV is at 28.00% with IV rank near 2.32%, 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.