STEX Cash-Secured Put Strategy
STEX (Streamex Corp.), in the Financial Services sector, (Asset Management industry), listed on NASDAQ.
BioSig Technologies, Inc. recently rebranded as Streamex Corp., effective September 12, 2025, following its merger with Streamex Exchange Corporation. The company shifted focus from healthcare technology to real-world asset tokenization, especially integrating the gold and commodities market into blockchain technology. Streamex provides institutional-grade infrastructure for tokenizing assets powered by a gold-denominated treasury.
STEX (Streamex Corp.) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $35.0M, a beta of 1.58 versus the broader market, a 52-week range of 0.7-14.11, average daily share volume of 1.8M, a public-listing history dating back to 2025, approximately 5 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 1.58 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.
Current STEX snapshot
As of May 15, 2026, spot at $0.94, ATM IV 192.10%, IV rank 36.52%, expected move 55.07%. The cash-secured put on STEX 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 STEX specifically: STEX IV at 192.10% 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 55.07% (roughly $0.52 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 STEX expiries trade a higher absolute premium for lower per-day decay. Position sizing on STEX should anchor to the underlying notional of $0.94 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 near $0.94, the first option leg uses a $0.89 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 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 STEX shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $0.89 | N/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 $0.42 on the downside to $1.46 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 36.52% 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 trading near $0.94, the strikes shown on this page are snapped to the nearest listed STEX chain strike and the premiums come straight from the end-of-day 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 192.10%), 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 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 STEX market-implied 1-standard-deviation expected move is approximately 55.07%; 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 192.10% with IV rank near 36.52%, 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.