TGB Cash-Secured Put Strategy
TGB (Taseko Mines Limited), in the Basic Materials sector, (Copper industry), listed on AMEX.
Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. The company explores for copper, molybdenum, gold, niobium, and silver deposits. It holds 75% interest in the Gibraltar mine located in British Columbia. It also holds 100% interest in Yellowhead copper project, the Aley niobium project, and the New Prosperity gold and copper project located in British Columbia; and the Florence copper project located in Arizona. The company was incorporated in 1966 and is headquartered in Vancouver, Canada.
TGB (Taseko Mines Limited) trades in the Basic Materials sector, specifically Copper, with a market capitalization of approximately $2.43B, a trailing P/E of 252.39, a beta of 2.02 versus the broader market, a 52-week range of 1.96-9.25, average daily share volume of 5.3M, a public-listing history dating back to 1992, approximately 191 full-time employees. These structural characteristics shape how TGB stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 2.02 indicates TGB 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 252.39 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.
What is a cash-secured put on TGB?
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 TGB snapshot
As of May 15, 2026, spot at $6.86, ATM IV 65.00%, IV rank 14.81%, expected move 18.63%. The cash-secured put on TGB 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 TGB specifically: TGB IV at 65.00% is on the cheap side of its 1-year range, which means a premium-selling TGB cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 18.63% (roughly $1.28 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 TGB expiries trade a higher absolute premium for lower per-day decay. Position sizing on TGB should anchor to the underlying notional of $6.86 per share and to the trader's directional view on TGB stock.
TGB cash-secured put setup
The TGB 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 TGB near $6.86, the first option leg uses a $6.52 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed TGB 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 TGB shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $6.52 | N/A |
TGB 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.
TGB cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on TGB. 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 TGB
Cash-secured puts on TGB earn premium while a trader waits to acquire TGB stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning TGB.
TGB thesis for this cash-secured put
The market-implied 1-standard-deviation range for TGB extends from approximately $5.58 on the downside to $8.14 on the upside. A TGB cash-secured put lets a trader earn premium while waiting to acquire TGB 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 TGB IV rank near 14.81% sits in the lower third of its 1-year distribution, where IV often re-expands toward the mean; this favors premium-buying structures and disadvantages premium-selling structures on TGB at 65.00%. As a Basic Materials name, TGB options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to TGB-specific events.
TGB 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. TGB positions also carry Basic Materials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move TGB alongside the broader basket even when TGB-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on TGB carry tail risk when realized volatility exceeds the implied move; review historical TGB earnings reactions and macro stress periods before sizing. Always rebuild the position from current TGB chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on TGB?
- A cash-secured put on TGB is the cash-secured put strategy applied to TGB (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 TGB stock trading near $6.86, the strikes shown on this page are snapped to the nearest listed TGB chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are TGB 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 TGB cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 65.00%), 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 TGB cash-secured put?
- The breakeven for the TGB 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 TGB market-implied 1-standard-deviation expected move is approximately 18.63%; 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 TGB?
- Cash-secured puts on TGB earn premium while a trader waits to acquire TGB stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning TGB.
- How does current TGB implied volatility affect this cash-secured put?
- TGB ATM IV is at 65.00% with IV rank near 14.81%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.