RCI Cash-Secured Put Strategy
RCI (Rogers Communications Inc.), in the Communication Services sector, (Telecommunications Services industry), listed on NYSE.
Rogers Communications Inc., a prominent Canadian telecommunications and media conglomerate, structures its diverse operations across three core divisions: Wireless, Cable, and Media. In its Wireless segment, Rogers caters to approximately 11.3 million subscribers through its Rogers, Fido, and chatr brands. This division offers an extensive range of mobile services, including internet access, traditional and enhanced voice communication, wireless home phone, and global voice and data roaming. Customers also benefit from device and accessory financing, device protection plans, email, and convenient device delivery services. Furthermore, Rogers provides specialized wireless solutions for businesses, encompassing machine-to-machine (M2M) connectivity, Internet of Things (IoT) platforms, and landline bridging. The Cable division delivers high-speed internet and comprehensive WiFi services.
RCI (Rogers Communications Inc.) trades in the Communication Services sector, specifically Telecommunications Services, with a market capitalization of approximately $18.82B, a trailing P/E of 3.77, a beta of 0.79 versus the broader market, a 52-week range of 29.11-41.14, average daily share volume of 1.3M, a public-listing history dating back to 1996, approximately 24K full-time employees. These structural characteristics shape how RCI stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.79 places RCI roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. The trailing P/E of 3.77 is on the value side, where IV often compresses outside event windows because forward growth expectations are already discounted into the share price. RCI 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 RCI?
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 RCI snapshot
As of June 30, 2026, spot at $32.58, ATM IV 125.80%, IV rank 32.39%, expected move 36.07%. The cash-secured put on RCI 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 RCI specifically: RCI IV at 125.80% is mid-range versus its 1-year history, so the credit collected on a RCI cash-secured put sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 36.07% (roughly $11.75 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 RCI expiries trade a higher absolute premium for lower per-day decay. Position sizing on RCI should anchor to the underlying notional of $32.58 per share and to the trader's directional view on RCI stock.
RCI cash-secured put setup
The RCI 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 RCI near $32.58, the first option leg uses a $30.95 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed RCI 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 RCI shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $30.95 | N/A |
RCI 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.
RCI cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on RCI. 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 RCI
Cash-secured puts on RCI earn premium while a trader waits to acquire RCI stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning RCI.
RCI thesis for this cash-secured put
The market-implied 1-standard-deviation range for RCI extends from approximately $20.83 on the downside to $44.33 on the upside. A RCI cash-secured put lets a trader earn premium while waiting to acquire RCI 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 RCI IV rank near 32.39% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put thesis on RCI should anchor more to the directional view and the expected-move geometry. As a Communication Services name, RCI options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to RCI-specific events.
RCI 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. RCI positions also carry Communication Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move RCI alongside the broader basket even when RCI-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on RCI carry tail risk when realized volatility exceeds the implied move; review historical RCI earnings reactions and macro stress periods before sizing. Always rebuild the position from current RCI chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on RCI?
- A cash-secured put on RCI is the cash-secured put strategy applied to RCI (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 RCI stock trading near $32.58, the strikes shown on this page are snapped to the nearest listed RCI chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are RCI 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 RCI cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 125.80%), 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 RCI cash-secured put?
- The breakeven for the RCI 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 RCI market-implied 1-standard-deviation expected move is approximately 36.07%; 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 RCI?
- Cash-secured puts on RCI earn premium while a trader waits to acquire RCI stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning RCI.
- How does current RCI implied volatility affect this cash-secured put?
- RCI ATM IV is at 125.80% with IV rank near 32.39%, 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.