RHI Cash-Secured Put Strategy
RHI (Robert Half Inc.), in the Industrials sector, (Staffing & Employment Services industry), listed on NYSE.
Robert Half Inc. provides talent solutions and business consulting services in the United States and internationally. The company operates through three segments: Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support. The Permanent Placement Talent Solutions segment engages in the placement of full-time accounting, finance, and tax and accounting operations personnel. The Protiviti segment offers a range of consulting and managed solutions for regulatory compliance, finance, technology, operations, data, digital, legal, HR, governance, risk, and internal audit. The company markets its contract talent and permanent placement services to clients and employment candidates through national and local advertising activities, including radio, digital advertising, job boards, alliance partners, and events.
RHI (Robert Half Inc.) trades in the Industrials sector, specifically Staffing & Employment Services, with a market capitalization of approximately $3.35B, a trailing P/E of 25.22, a beta of 0.82 versus the broader market, a 52-week range of 21.83-43.82, average daily share volume of 2.5M, a public-listing history dating back to 1980, approximately 16K full-time employees. These structural characteristics shape how RHI stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.82 places RHI roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. RHI 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 RHI?
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 RHI snapshot
As of June 29, 2026, spot at $32.13, ATM IV 64.20%, IV rank 15.81%, expected move 18.41%. The cash-secured put on RHI 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 RHI specifically: RHI IV at 64.20% is on the cheap side of its 1-year range, which means a premium-selling RHI cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 18.41% (roughly $5.91 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 RHI expiries trade a higher absolute premium for lower per-day decay. Position sizing on RHI should anchor to the underlying notional of $32.13 per share and to the trader's directional view on RHI stock.
RHI cash-secured put setup
The RHI 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 RHI near $32.13, the first option leg uses a $30.52 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed RHI 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 RHI shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $30.52 | N/A |
RHI 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.
RHI cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on RHI. 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 RHI
Cash-secured puts on RHI earn premium while a trader waits to acquire RHI stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning RHI.
RHI thesis for this cash-secured put
The market-implied 1-standard-deviation range for RHI extends from approximately $26.22 on the downside to $38.04 on the upside. A RHI cash-secured put lets a trader earn premium while waiting to acquire RHI 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 RHI IV rank near 15.81% 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 RHI at 64.20%. As a Industrials name, RHI options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to RHI-specific events.
RHI 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. RHI positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move RHI alongside the broader basket even when RHI-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on RHI carry tail risk when realized volatility exceeds the implied move; review historical RHI earnings reactions and macro stress periods before sizing. Always rebuild the position from current RHI chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on RHI?
- A cash-secured put on RHI is the cash-secured put strategy applied to RHI (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 RHI stock trading near $32.13, the strikes shown on this page are snapped to the nearest listed RHI chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are RHI 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 RHI cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 64.20%), 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 RHI cash-secured put?
- The breakeven for the RHI 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 RHI market-implied 1-standard-deviation expected move is approximately 18.41%; 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 RHI?
- Cash-secured puts on RHI earn premium while a trader waits to acquire RHI stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning RHI.
- How does current RHI implied volatility affect this cash-secured put?
- RHI ATM IV is at 64.20% with IV rank near 15.81%, 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.