RYAN Cash-Secured Put Strategy
RYAN (Ryan Specialty Holdings, Inc.), in the Financial Services sector, (Insurance - Specialty industry), listed on NYSE.
Ryan Specialty Group Holdings, Inc. operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers. It offers distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter. The company was founded in 2010 and is headquartered in Chicago, Illinois.
RYAN (Ryan Specialty Holdings, Inc.) trades in the Financial Services sector, specifically Insurance - Specialty, with a market capitalization of approximately $3.92B, a trailing P/E of 29.80, a beta of 0.68 versus the broader market, a 52-week range of 29.28-72.495, average daily share volume of 2.5M, a public-listing history dating back to 2021, approximately 6K full-time employees. These structural characteristics shape how RYAN stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.68 indicates RYAN has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. RYAN 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 RYAN?
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 RYAN snapshot
As of May 15, 2026, spot at $31.95, ATM IV 47.50%, IV rank 7.25%, expected move 13.62%. The cash-secured put on RYAN 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 RYAN specifically: RYAN IV at 47.50% is on the cheap side of its 1-year range, which means a premium-selling RYAN cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 13.62% (roughly $4.35 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 RYAN expiries trade a higher absolute premium for lower per-day decay. Position sizing on RYAN should anchor to the underlying notional of $31.95 per share and to the trader's directional view on RYAN stock.
RYAN cash-secured put setup
The RYAN 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 RYAN near $31.95, the first option leg uses a $30.35 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed RYAN 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 RYAN shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $30.35 | N/A |
RYAN 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.
RYAN cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on RYAN. 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 RYAN
Cash-secured puts on RYAN earn premium while a trader waits to acquire RYAN stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning RYAN.
RYAN thesis for this cash-secured put
The market-implied 1-standard-deviation range for RYAN extends from approximately $27.60 on the downside to $36.30 on the upside. A RYAN cash-secured put lets a trader earn premium while waiting to acquire RYAN 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 RYAN IV rank near 7.25% 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 RYAN at 47.50%. As a Financial Services name, RYAN options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to RYAN-specific events.
RYAN 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. RYAN positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move RYAN alongside the broader basket even when RYAN-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on RYAN carry tail risk when realized volatility exceeds the implied move; review historical RYAN earnings reactions and macro stress periods before sizing. Always rebuild the position from current RYAN chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on RYAN?
- A cash-secured put on RYAN is the cash-secured put strategy applied to RYAN (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 RYAN stock trading near $31.95, the strikes shown on this page are snapped to the nearest listed RYAN chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are RYAN 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 RYAN cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 47.50%), 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 RYAN cash-secured put?
- The breakeven for the RYAN 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 RYAN market-implied 1-standard-deviation expected move is approximately 13.62%; 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 RYAN?
- Cash-secured puts on RYAN earn premium while a trader waits to acquire RYAN stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning RYAN.
- How does current RYAN implied volatility affect this cash-secured put?
- RYAN ATM IV is at 47.50% with IV rank near 7.25%, 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.