How are SKHU 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 SKHU cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 149.40%), the computed maximum profit is $290.00 per contract and the computed maximum loss is -$1,509.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

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

The breakeven for the SKHU cash-secured put priced on this page is roughly $15.10 at expiration, derived from the August 14, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The SKHU market-implied 1-standard-deviation expected move in the same options snapshot is approximately 42.83%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

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

Current SKHU ATM IV is 149.40%; IV rank context is unavailable in the current snapshot.

SKHU Cash-Secured Put Strategy

SKHU (Proshares Ultra Sk Hynix), in the Financial Services sector, (Asset Management - Leveraged industry), listed on AMEX.

ProShares Ultra SK hynix seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the American Depositary Receipt (ADR) of SK hynix Inc., a leading South Korean memory semiconductor manufacturer and a major supplier of high bandwidth memory (HBM) used in AI accelerators alongside Nvidia chips. The Fund achieves its exposure primarily through swap agreements and shares of SKHY, resetting daily. Given the extraordinarily high cost of obtaining leveraged foreign-ADR exposure, the Fund may underperform even when SK hynix's underlying share price rises, and returns over periods longer than a day can differ significantly from the 2x daily target due to compounding.

SKHU (Proshares Ultra Sk Hynix) trades in the Financial Services sector, specifically Asset Management - Leveraged, with a market capitalization of approximately $74.0M, a beta of 0.00 versus the broader market, a 52-week range of 11.6-31.03, average daily share volume of 2.5M, a public-listing history dating back to 2026. These structural characteristics shape how SKHU stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.00 indicates SKHU 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 SKHU?

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.

SKHU snapshot

As of August 14, 2026, spot at $18.95, ATM IV 149.40%, expected move 42.83%. The cash-secured put on SKHU below is built from the August 14, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 35-day expiry.

Why this cash-secured put structure on SKHU specifically: IV rank is unavailable in the current snapshot, so regime-based timing for SKHU is inferred from ATM IV at 149.40% alone, with a market-implied 1-standard-deviation move of approximately 42.83% (roughly $8.12 on the underlying). The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated SKHU expiries trade a higher absolute premium for lower per-day decay. Position sizing on SKHU should anchor to the underlying notional of $18.95 per share and to the trader's directional view on SKHU stock.

SKHU cash-secured put setup

The SKHU cash-secured put below is built from the August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With SKHU at $18.95 on that close, the first option leg uses a $18.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed SKHU chain at a 35-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 SKHU shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$18.00	$2.90

SKHU cash-secured put risk and reward

Net Premium / Debit: +$290.00
Max Profit (per contract): $290.00
Max Loss (per contract): -$1,509.00
Breakeven(s): $15.10
Risk / Reward Ratio: 0.192

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

SKHU cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on SKHU. 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	-99.9%	-$1,509.00
$4.20	-77.8%	-$1,090.12
$8.39	-55.7%	-$671.23
$12.58	-33.6%	-$252.35
$16.77	-11.5%	+$166.54
$20.95	+10.6%	+$290.00
$25.14	+32.7%	+$290.00
$29.33	+54.8%	+$290.00
$33.52	+76.9%	+$290.00
$37.71	+99.0%	+$290.00

When traders use cash-secured put on SKHU

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

SKHU thesis for this cash-secured put

The market-implied 1-standard-deviation range for SKHU extends from approximately $10.83 on the downside to $27.07 on the upside. A SKHU cash-secured put lets a trader earn premium while waiting to acquire SKHU 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 Financial Services name, SKHU options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to SKHU-specific events.

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

Frequently asked questions

What is a cash-secured put on SKHU?: A cash-secured put on SKHU is the cash-secured put strategy applied to SKHU (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 SKHU stock at $18.95 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed SKHU chain strike and the premiums come straight from that session's bid/ask midpoint.
How are SKHU 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 SKHU cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 149.40%), the computed maximum profit is $290.00 per contract and the computed maximum loss is -$1,509.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a SKHU cash-secured put?: The breakeven for the SKHU cash-secured put priced on this page is roughly $15.10 at expiration, derived from the August 14, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The SKHU market-implied 1-standard-deviation expected move in the same options snapshot is approximately 42.83%; 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 SKHU?: Cash-secured puts on SKHU earn premium while a trader waits to acquire SKHU stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning SKHU.
How does current SKHU implied volatility affect this cash-secured put?: Current SKHU ATM IV is 149.40%; IV rank context is unavailable in the current snapshot.