TFII Cash-Secured Put Strategy
TFII (TFI International Inc.), in the Industrials sector, (Trucking industry), listed on NYSE.
TFI International Inc. stands as a prominent provider of transportation and logistics solutions across North America, serving the United States, Canada, and Mexico. The company's diverse operations are strategically organized into four distinct divisions. Its Package and Courier segment focuses on the collection, shipment, and final delivery of various goods. The Less-Than-Truckload (LTL) division specializes in the efficient collection, consolidation, movement, and distribution of smaller freight shipments. The Truckload (TL) segment encompasses a range of services, including expedited shipping, flatbed transport, tank container operations, and dedicated routes, alongside truckload brokerage. This division handles full truckloads, transporting goods directly from the client's origin to their destination using either standard enclosed vans or specialized equipment.
TFII (TFI International Inc.) trades in the Industrials sector, specifically Trucking, with a market capitalization of approximately $11.87B, a trailing P/E of 36.45, a beta of 1.46 versus the broader market, a 52-week range of 80.63-167.69, average daily share volume of 390K, a public-listing history dating back to 2005, approximately 26K full-time employees. These structural characteristics shape how TFII stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.46 indicates TFII has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. The trailing P/E of 36.45 is on the rich side, which tends to correlate with higher earnings-window IV expansion as the market debates whether forward growth supports the multiple. TFII 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 TFII?
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 TFII snapshot
As of June 30, 2026, spot at $143.56, ATM IV 38.50%, IV rank 42.47%, expected move 11.04%. The cash-secured put on TFII 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 17-day expiry.
Why this cash-secured put structure on TFII specifically: TFII IV at 38.50% is mid-range versus its 1-year history, so the credit collected on a TFII cash-secured put sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 11.04% (roughly $15.85 on the underlying). The 17-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated TFII expiries trade a higher absolute premium for lower per-day decay. Position sizing on TFII should anchor to the underlying notional of $143.56 per share and to the trader's directional view on TFII stock.
TFII cash-secured put setup
The TFII 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 TFII near $143.56, the first option leg uses a $135.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed TFII chain at a 17-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 TFII shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $135.00 | $1.70 |
TFII cash-secured put risk and reward
- Net Premium / Debit
- +$170.00
- Max Profit (per contract)
- $170.00
- Max Loss (per contract)
- -$13,329.00
- Breakeven(s)
- $133.30
- Risk / Reward Ratio
- 0.013
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
TFII cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on TFII. 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.
| Underlying Price | % From Spot | P&L at Expiration |
|---|---|---|
| $0.01 | -100.0% | -$13,329.00 |
| $31.75 | -77.9% | -$10,154.92 |
| $63.49 | -55.8% | -$6,980.84 |
| $95.23 | -33.7% | -$3,806.76 |
| $126.97 | -11.6% | -$632.68 |
| $158.71 | +10.6% | +$170.00 |
| $190.45 | +32.7% | +$170.00 |
| $222.20 | +54.8% | +$170.00 |
| $253.94 | +76.9% | +$170.00 |
| $285.68 | +99.0% | +$170.00 |
When traders use cash-secured put on TFII
Cash-secured puts on TFII earn premium while a trader waits to acquire TFII stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning TFII.
TFII thesis for this cash-secured put
The market-implied 1-standard-deviation range for TFII extends from approximately $127.71 on the downside to $159.41 on the upside. A TFII cash-secured put lets a trader earn premium while waiting to acquire TFII 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 TFII IV rank near 42.47% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put thesis on TFII should anchor more to the directional view and the expected-move geometry. As a Industrials name, TFII options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to TFII-specific events.
TFII 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. TFII positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move TFII alongside the broader basket even when TFII-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on TFII carry tail risk when realized volatility exceeds the implied move; review historical TFII earnings reactions and macro stress periods before sizing. Always rebuild the position from current TFII chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on TFII?
- A cash-secured put on TFII is the cash-secured put strategy applied to TFII (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 TFII stock trading near $143.56, the strikes shown on this page are snapped to the nearest listed TFII chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are TFII 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 TFII cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 38.50%), the computed maximum profit is $170.00 per contract and the computed maximum loss is -$13,329.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a TFII cash-secured put?
- The breakeven for the TFII cash-secured put priced on this page is roughly $133.30 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 TFII market-implied 1-standard-deviation expected move is approximately 11.04%; 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 TFII?
- Cash-secured puts on TFII earn premium while a trader waits to acquire TFII stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning TFII.
- How does current TFII implied volatility affect this cash-secured put?
- TFII ATM IV is at 38.50% with IV rank near 42.47%, 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.