ROG Cash-Secured Put Strategy
ROG (Rogers Corporation), in the Technology sector, (Hardware, Equipment & Parts industry), listed on NYSE.
Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, telematics and thermal solutions, aerospace and defense, mass transit, clean energy, connected devices, and wired infrastructure markets. This segment sells its products under the curamik, ROLINX, RO4000, RO3000, RT/duroid, CLTE Series, TMM, AD Series, DiClad, CuClad Series, Kappa, COOLSPAN, TC Series, 92ML, IsoClad, MAGTREX, XTremeSpeed RO1200, IM Series, 2929 Bondply, 3001 Bondply Film, and SpeedWave names. The EMS segment provides engineered material solutions, including polyurethane and silicone materials used in cushioning, gasketing, sealing, and vibration management applications; customized silicones used in flex heater and semiconductor thermal applications; and polytetrafluoroethylene and ultra-high molecular weight polyethylene materials used in wire and cable protection, electrical insulation, conduction and shielding, hose and belt protection, vibration management, cushioning, gasketing and sealing, and venting applications. This segment sells its products under the PORON, BISCO, DeWAL, ARLON, eSORBA, Griswold, XRD, Silicone Engineering, and R/bak names.
ROG (Rogers Corporation) trades in the Technology sector, specifically Hardware, Equipment & Parts, with a market capitalization of approximately $2.55B, a beta of 0.52 versus the broader market, a 52-week range of 61.17-144.46, average daily share volume of 213K, a public-listing history dating back to 1980, approximately 3K full-time employees. These structural characteristics shape how ROG stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.52 indicates ROG 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 ROG?
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 ROG snapshot
As of May 15, 2026, spot at $140.27, ATM IV 38.40%, IV rank 18.35%, expected move 11.01%. The cash-secured put on ROG 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 ROG specifically: ROG IV at 38.40% is on the cheap side of its 1-year range, which means a premium-selling ROG cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 11.01% (roughly $15.44 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 ROG expiries trade a higher absolute premium for lower per-day decay. Position sizing on ROG should anchor to the underlying notional of $140.27 per share and to the trader's directional view on ROG stock.
ROG cash-secured put setup
The ROG 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 ROG near $140.27, the first option leg uses a $135.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ROG 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 ROG shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $135.00 | $4.40 |
ROG cash-secured put risk and reward
- Net Premium / Debit
- +$440.00
- Max Profit (per contract)
- $440.00
- Max Loss (per contract)
- -$13,059.00
- Breakeven(s)
- $130.60
- Risk / Reward Ratio
- 0.034
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
ROG cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on ROG. 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.
| Underlying Price | % From Spot | P&L at Expiration |
|---|---|---|
| $0.01 | -100.0% | -$13,059.00 |
| $31.02 | -77.9% | -$9,957.66 |
| $62.04 | -55.8% | -$6,856.33 |
| $93.05 | -33.7% | -$3,754.99 |
| $124.06 | -11.6% | -$653.65 |
| $155.08 | +10.6% | +$440.00 |
| $186.09 | +32.7% | +$440.00 |
| $217.10 | +54.8% | +$440.00 |
| $248.12 | +76.9% | +$440.00 |
| $279.13 | +99.0% | +$440.00 |
When traders use cash-secured put on ROG
Cash-secured puts on ROG earn premium while a trader waits to acquire ROG stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning ROG.
ROG thesis for this cash-secured put
The market-implied 1-standard-deviation range for ROG extends from approximately $124.83 on the downside to $155.71 on the upside. A ROG cash-secured put lets a trader earn premium while waiting to acquire ROG 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 ROG IV rank near 18.35% 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 ROG at 38.40%. As a Technology name, ROG options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ROG-specific events.
ROG 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. ROG positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move ROG alongside the broader basket even when ROG-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on ROG carry tail risk when realized volatility exceeds the implied move; review historical ROG earnings reactions and macro stress periods before sizing. Always rebuild the position from current ROG chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on ROG?
- A cash-secured put on ROG is the cash-secured put strategy applied to ROG (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 ROG stock trading near $140.27, the strikes shown on this page are snapped to the nearest listed ROG chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are ROG 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 ROG cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 38.40%), the computed maximum profit is $440.00 per contract and the computed maximum loss is -$13,059.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a ROG cash-secured put?
- The breakeven for the ROG cash-secured put priced on this page is roughly $130.60 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 ROG market-implied 1-standard-deviation expected move is approximately 11.01%; 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 ROG?
- Cash-secured puts on ROG earn premium while a trader waits to acquire ROG stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning ROG.
- How does current ROG implied volatility affect this cash-secured put?
- ROG ATM IV is at 38.40% with IV rank near 18.35%, 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.