RVI Cash-Secured Put Strategy
RVI (Robinhood Ventures Fund I), in the Real Estate sector, (REIT - Retail industry), listed on NYSE.
As a venture capital entity, Robinhood Ventures Fund I is dedicated to providing growth equity through direct investments. This fund concentrates its investment efforts solely within the United States.
RVI (Robinhood Ventures Fund I) trades in the Real Estate sector, specifically REIT - Retail, with a market capitalization of approximately $423.5M, a beta of 1.56 versus the broader market, a 52-week range of 21-77.39, average daily share volume of 763K, a public-listing history dating back to 2026. These structural characteristics shape how RVI stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.56 indicates RVI has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. RVI 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 RVI?
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 RVI snapshot
As of June 29, 2026, spot at $32.95, ATM IV 87.20%, IV rank 31.08%, expected move 25.00%. The cash-secured put on RVI 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 RVI specifically: RVI IV at 87.20% is mid-range versus its 1-year history, so the credit collected on a RVI cash-secured put sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 25.00% (roughly $8.24 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 RVI expiries trade a higher absolute premium for lower per-day decay. Position sizing on RVI should anchor to the underlying notional of $32.95 per share and to the trader's directional view on RVI stock.
RVI cash-secured put setup
The RVI 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 RVI near $32.95, the first option leg uses a $31.30 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed RVI 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 RVI shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $31.30 | N/A |
RVI 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.
RVI cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on RVI. 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 RVI
Cash-secured puts on RVI earn premium while a trader waits to acquire RVI stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning RVI.
RVI thesis for this cash-secured put
The market-implied 1-standard-deviation range for RVI extends from approximately $24.71 on the downside to $41.19 on the upside. A RVI cash-secured put lets a trader earn premium while waiting to acquire RVI 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 RVI IV rank near 31.08% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put thesis on RVI should anchor more to the directional view and the expected-move geometry. As a Real Estate name, RVI options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to RVI-specific events.
RVI 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. RVI positions also carry Real Estate sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move RVI alongside the broader basket even when RVI-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on RVI carry tail risk when realized volatility exceeds the implied move; review historical RVI earnings reactions and macro stress periods before sizing. Always rebuild the position from current RVI chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on RVI?
- A cash-secured put on RVI is the cash-secured put strategy applied to RVI (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 RVI stock trading near $32.95, the strikes shown on this page are snapped to the nearest listed RVI chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are RVI 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 RVI cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 87.20%), 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 RVI cash-secured put?
- The breakeven for the RVI 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 RVI market-implied 1-standard-deviation expected move is approximately 25.00%; 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 RVI?
- Cash-secured puts on RVI earn premium while a trader waits to acquire RVI stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning RVI.
- How does current RVI implied volatility affect this cash-secured put?
- RVI ATM IV is at 87.20% with IV rank near 31.08%, 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.