How are QS 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 QS cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 71.97%), the computed maximum profit is $38.00 per contract and the computed maximum loss is -$561.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

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

The breakeven for the QS cash-secured put priced on this page is roughly $5.62 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 QS market-implied 1-standard-deviation expected move in the same options snapshot is approximately 20.63%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

QS ATM IV is at 71.97% with IV rank near 0.69%, 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.

QS Cash-Secured Put Strategy

QS (QuantumScape Corporation), in the Consumer Cyclical sector, (Auto - Parts industry), listed on NASDAQ.

QuantumScape Corporation, along with its affiliated entities, specializes in the advancement and market launch of innovative solid-state lithium-metal batteries. These cutting-edge power solutions are primarily engineered for electric vehicles (EVs) but also serve a range of other uses within the United States. The company, established in 2010, has its main corporate office located in San Jose, California.

QS (QuantumScape Corporation) trades in the Consumer Cyclical sector, specifically Auto - Parts, with a market capitalization of approximately $3.92B, a beta of 2.69 versus the broader market, a 52-week range of 4.77-19.07, average daily share volume of 24.2M, a public-listing history dating back to 2020, approximately 700 full-time employees. These structural characteristics shape how QS stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 2.69 indicates QS 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 QS?

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.

QS snapshot

As of August 14, 2026, spot at $6.21, ATM IV 71.97%, IV rank 0.69%, expected move 20.63%. The cash-secured put on QS 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 QS specifically: QS IV at 71.97% is on the cheap side of its 1-year range, which means a premium-selling QS cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 20.63% (roughly $1.28 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 QS expiries trade a higher absolute premium for lower per-day decay. Position sizing on QS should anchor to the underlying notional of $6.21 per share and to the trader's directional view on QS stock.

QS cash-secured put setup

The QS 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 QS at $6.21 on that close, the first option leg uses a $6.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed QS 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 QS shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$6.00	$0.38

QS cash-secured put risk and reward

Net Premium / Debit: +$38.00
Max Profit (per contract): $38.00
Max Loss (per contract): -$561.00
Breakeven(s): $5.62
Risk / Reward Ratio: 0.068

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

QS cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on QS. 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	-99.8%	-$561.00
$1.38	-77.7%	-$423.80
$2.75	-55.7%	-$286.61
$4.13	-33.6%	-$149.41
$5.50	-11.5%	-$12.22
$6.87	+10.6%	+$38.00
$8.24	+32.7%	+$38.00
$9.61	+54.8%	+$38.00
$10.99	+76.9%	+$38.00
$12.36	+99.0%	+$38.00

When traders use cash-secured put on QS

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

QS thesis for this cash-secured put

The market-implied 1-standard-deviation range for QS extends from approximately $4.93 on the downside to $7.49 on the upside. A QS cash-secured put lets a trader earn premium while waiting to acquire QS 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 QS IV rank near 0.69% 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 QS at 71.97%. As a Consumer Cyclical name, QS options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to QS-specific events.

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

Frequently asked questions

What is a cash-secured put on QS?: A cash-secured put on QS is the cash-secured put strategy applied to QS (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 QS stock at $6.21 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed QS chain strike and the premiums come straight from that session's bid/ask midpoint.
How are QS 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 QS cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 71.97%), the computed maximum profit is $38.00 per contract and the computed maximum loss is -$561.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a QS cash-secured put?: The breakeven for the QS cash-secured put priced on this page is roughly $5.62 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 QS market-implied 1-standard-deviation expected move in the same options snapshot is approximately 20.63%; 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 QS?: Cash-secured puts on QS earn premium while a trader waits to acquire QS stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning QS.
How does current QS implied volatility affect this cash-secured put?: QS ATM IV is at 71.97% with IV rank near 0.69%, 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.