REXR Cash-Secured Put Strategy

REXR (Rexford Industrial Realty, Inc.), in the Real Estate sector, (REIT - Industrial industry), listed on NYSE.

Rexford Industrial Realty, Inc. creates value by investing in, operating and repositioning industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation over the long term. The Company’s highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities. Rexford Industrial’s high-quality, irreplaceable portfolio comprised 419 properties with approximately 51.2 million rentable square feet occupied by a stable and diverse tenant base. Structured as a real estate investment trust (REIT) listed on the New York Stock Exchange. Rexford Industrial is an S&P MidCap 400 Index member. Rexford Industrial Realty, Inc. was incorporated on January 18th, 2013 in Maryland, USA.

REXR (Rexford Industrial Realty, Inc.) trades in the Real Estate sector, specifically REIT - Industrial, with a market capitalization of approximately $7.95B, a trailing P/E of 33.80, a beta of 1.22 versus the broader market, a 52-week range of 32.14-44.38, average daily share volume of 2.4M, a public-listing history dating back to 2013, approximately 256 full-time employees. These structural characteristics shape how REXR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.22 places REXR roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. REXR 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 REXR?

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 REXR snapshot

As of June 30, 2026, spot at $33.72, ATM IV 81.30%, IV rank 15.63%, expected move 23.31%. The cash-secured put on REXR 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 REXR specifically: REXR IV at 81.30% is on the cheap side of its 1-year range, which means a premium-selling REXR cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 23.31% (roughly $7.86 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 REXR expiries trade a higher absolute premium for lower per-day decay. Position sizing on REXR should anchor to the underlying notional of $33.72 per share and to the trader's directional view on REXR stock.

REXR cash-secured put setup

The REXR 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 REXR near $33.72, the first option leg uses a $32.03 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed REXR 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 REXR shares for the stock leg in covered calls and collars).

ActionTypeStrike / BasisPremium (est)
Sell 1Put$32.03N/A

REXR 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.

REXR cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on REXR. 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 REXR

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

REXR thesis for this cash-secured put

The market-implied 1-standard-deviation range for REXR extends from approximately $25.86 on the downside to $41.58 on the upside. A REXR cash-secured put lets a trader earn premium while waiting to acquire REXR 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 REXR IV rank near 15.63% 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 REXR at 81.30%. As a Real Estate name, REXR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to REXR-specific events.

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

Frequently asked questions

What is a cash-secured put on REXR?
A cash-secured put on REXR is the cash-secured put strategy applied to REXR (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 REXR stock trading near $33.72, the strikes shown on this page are snapped to the nearest listed REXR chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are REXR 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 REXR cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 81.30%), 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 REXR cash-secured put?
The breakeven for the REXR 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 REXR market-implied 1-standard-deviation expected move is approximately 23.31%; 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 REXR?
Cash-secured puts on REXR earn premium while a trader waits to acquire REXR stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning REXR.
How does current REXR implied volatility affect this cash-secured put?
REXR ATM IV is at 81.30% with IV rank near 15.63%, 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.

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