How are SHAZ 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 SHAZ cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 122.90%), the computed maximum profit is $585.00 per contract and the computed maximum loss is -$6,914.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a SHAZ cash-secured put?

The breakeven for the SHAZ cash-secured put priced on this page is roughly $69.15 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 SHAZ market-implied 1-standard-deviation expected move is approximately 35.23%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current SHAZ implied volatility affect this cash-secured put?

Current SHAZ ATM IV is 122.90%; IV rank context is unavailable in the current snapshot.

SHAZ Cash-Secured Put Strategy

SHAZ (SharonAI Holdings, Inc. Class A Common Stock), in the Technology sector, (Information Technology Services industry), listed on NASDAQ.

SharonAI Holdings Inc. is a technology enterprise specializing in high-performance computing, particularly in the domains of artificial intelligence (AI) infrastructure and cloud-based GPU services. The company employs a hybrid operational model, leveraging both external data center deployments and the strategic development of its own data center facilities. Its integrated platform seamlessly combines computing power, data storage, networking capabilities, and automation into a unified solution designed for enterprise clients. This robust offering caters to a diverse clientele, including AI laboratories, hyperscale organizations, academic research institutions, and companies operating within highly regulated sectors. Established in 2024, SharonAI Holdings Inc. is headquartered in New York City and was previously known as Roth CH Holding Inc.

SHAZ (SharonAI Holdings, Inc. Class A Common Stock) trades in the Technology sector, specifically Information Technology Services, with a market capitalization of approximately $803.4M, a beta of 5.94 versus the broader market, a 52-week range of 16.55-97.48, average daily share volume of 654K, a public-listing history dating back to 2025, approximately 25 full-time employees. These structural characteristics shape how SHAZ stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 5.94 indicates SHAZ has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position.

What is a cash-secured put on SHAZ?

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 SHAZ snapshot

As of June 29, 2026, spot at $81.52, ATM IV 122.90%, expected move 35.23%. The cash-secured put on SHAZ 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 SHAZ specifically: IV rank is unavailable in the current snapshot, so regime-based timing for SHAZ is inferred from ATM IV at 122.90% alone, with a market-implied 1-standard-deviation move of approximately 35.23% (roughly $28.72 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 SHAZ expiries trade a higher absolute premium for lower per-day decay. Position sizing on SHAZ should anchor to the underlying notional of $81.52 per share and to the trader's directional view on SHAZ stock.

SHAZ cash-secured put setup

The SHAZ 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 SHAZ near $81.52, the first option leg uses a $75.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed SHAZ 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 SHAZ shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$75.00	$5.85

SHAZ cash-secured put risk and reward

Net Premium / Debit: +$585.00
Max Profit (per contract): $585.00
Max Loss (per contract): -$6,914.00
Breakeven(s): $69.15
Risk / Reward Ratio: 0.085

Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.

SHAZ cash-secured put payoff curve

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

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	-$6,914.00
$18.03	-77.9%	-$5,111.66
$36.06	-55.8%	-$3,309.32
$54.08	-33.7%	-$1,506.97
$72.10	-11.6%	+$295.37
$90.13	+10.6%	+$585.00
$108.15	+32.7%	+$585.00
$126.17	+54.8%	+$585.00
$144.20	+76.9%	+$585.00
$162.22	+99.0%	+$585.00

When traders use cash-secured put on SHAZ

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

SHAZ thesis for this cash-secured put

The market-implied 1-standard-deviation range for SHAZ extends from approximately $52.80 on the downside to $110.24 on the upside. A SHAZ cash-secured put lets a trader earn premium while waiting to acquire SHAZ 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. As a Technology name, SHAZ options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to SHAZ-specific events.

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

Frequently asked questions

What is a cash-secured put on SHAZ?: A cash-secured put on SHAZ is the cash-secured put strategy applied to SHAZ (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 SHAZ stock trading near $81.52, the strikes shown on this page are snapped to the nearest listed SHAZ chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are SHAZ 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 SHAZ cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 122.90%), the computed maximum profit is $585.00 per contract and the computed maximum loss is -$6,914.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a SHAZ cash-secured put?: The breakeven for the SHAZ cash-secured put priced on this page is roughly $69.15 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 SHAZ market-implied 1-standard-deviation expected move is approximately 35.23%; 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 SHAZ?: Cash-secured puts on SHAZ earn premium while a trader waits to acquire SHAZ stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning SHAZ.
How does current SHAZ implied volatility affect this cash-secured put?: Current SHAZ ATM IV is 122.90%; IV rank context is unavailable in the current snapshot.