STEX Cash-Secured Put Strategy

STEX (Streamex Corp.), in the Financial Services sector, (Asset Management industry), listed on NASDAQ.

Streamex Corp., previously known as BioSig Technologies, Inc., officially assumed its new name on September 12, 2025, after completing a merger with Streamex Exchange Corporation. The company has since pivoted its core business strategy, moving from healthcare technology to specialize in the tokenization of tangible assets. A primary objective of this shift is to integrate the gold and broader commodities markets into blockchain technology. To facilitate this, Streamex provides robust, institutional-level infrastructure for asset tokenization, which is uniquely underpinned by a treasury denominated in gold.

STEX (Streamex Corp.) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $87.2M, a beta of 2.02 versus the broader market, a 52-week range of 0.655-7.44, average daily share volume of 1.6M, a public-listing history dating back to 2025, approximately 6 full-time employees. These structural characteristics shape how STEX stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 2.02 indicates STEX 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 STEX?

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.

STEX snapshot

As of August 14, 2026, spot at $0.98, ATM IV 168.60%, IV rank 31.68%, expected move 48.34%. The cash-secured put on STEX below is built from the 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 STEX specifically: STEX IV at 168.60% is mid-range versus its 1-year history, so the credit collected on a STEX cash-secured put sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 48.34% (roughly $0.47 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 STEX expiries trade a higher absolute premium for lower per-day decay. Position sizing on STEX should anchor to the underlying notional of $0.98 per share and to the trader's directional view on STEX stock.

STEX cash-secured put setup

The STEX 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 STEX at $0.98 on that close, the first option leg uses a $0.93 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed STEX 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 STEX shares for the stock leg in covered calls and collars).

ActionTypeStrike / BasisPremium (est)
Sell 1Put$0.93N/A

STEX 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.

STEX cash-secured put payoff curve

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

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

STEX thesis for this cash-secured put

The market-implied 1-standard-deviation range for STEX extends from approximately $0.51 on the downside to $1.45 on the upside. A STEX cash-secured put lets a trader earn premium while waiting to acquire STEX 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 STEX IV rank near 31.68% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put thesis on STEX should anchor more to the directional view and the expected-move geometry. As a Financial Services name, STEX options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to STEX-specific events.

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

Frequently asked questions

What is a cash-secured put on STEX?
A cash-secured put on STEX is the cash-secured put strategy applied to STEX (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 STEX stock at $0.98 on the most recent close, the strikes shown on this page are snapped to the nearest listed STEX chain strike and the premiums come straight from that session's bid/ask midpoint.
How are STEX 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 STEX cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 168.60%), 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 STEX cash-secured put?
The breakeven for the STEX cash-secured put priced on this page is no defined breakeven on the modeled curve at expiration, derived from the 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 STEX market-implied 1-standard-deviation expected move in the same options snapshot is approximately 48.34%; 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 STEX?
Cash-secured puts on STEX earn premium while a trader waits to acquire STEX stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning STEX.
How does current STEX implied volatility affect this cash-secured put?
STEX ATM IV is at 168.60% with IV rank near 31.68%, 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.

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