TIC Cash-Secured Put Strategy
TIC (TIC Solutions, Inc.), in the Industrials sector, (Specialty Business Services industry), listed on NYSE.
Established in 1974 and headquartered in Tomball, Texas, TIC Solutions, Inc. delivers a comprehensive suite of services encompassing nondestructive testing, inspection, engineering, and laboratory analysis. The company's operations extend across both the United States and Canada.
TIC (TIC Solutions, Inc.) trades in the Industrials sector, specifically Specialty Business Services, with a market capitalization of approximately $1.83B, a beta of 1.74 versus the broader market, a 52-week range of 6.36-14.944, average daily share volume of 2.4M, a public-listing history dating back to 2025, approximately 5K full-time employees. These structural characteristics shape how TIC stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.74 indicates TIC 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 TIC?
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 TIC snapshot
As of June 30, 2026, spot at $8.14, ATM IV 279.40%, IV rank 79.68%, expected move 80.10%. The cash-secured put on TIC 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 TIC specifically: TIC IV at 279.40% is rich versus its 1-year range, which favors premium-selling structures like a TIC cash-secured put, with a market-implied 1-standard-deviation move of approximately 80.10% (roughly $6.52 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 TIC expiries trade a higher absolute premium for lower per-day decay. Position sizing on TIC should anchor to the underlying notional of $8.14 per share and to the trader's directional view on TIC stock.
TIC cash-secured put setup
The TIC 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 TIC near $8.14, the first option leg uses a $7.73 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed TIC 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 TIC shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $7.73 | N/A |
TIC 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.
TIC cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on TIC. 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 TIC
Cash-secured puts on TIC earn premium while a trader waits to acquire TIC stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning TIC.
TIC thesis for this cash-secured put
The market-implied 1-standard-deviation range for TIC extends from approximately $1.62 on the downside to $14.66 on the upside. A TIC cash-secured put lets a trader earn premium while waiting to acquire TIC 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 TIC IV rank near 79.68% sits in the upper third of its 1-year distribution, which historically reverts; this raises the bar for premium-buying structures and lowers it for premium-selling structures on TIC at 279.40%. As a Industrials name, TIC options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to TIC-specific events.
TIC 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. TIC positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move TIC alongside the broader basket even when TIC-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on TIC carry tail risk when realized volatility exceeds the implied move; review historical TIC earnings reactions and macro stress periods before sizing. Always rebuild the position from current TIC chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on TIC?
- A cash-secured put on TIC is the cash-secured put strategy applied to TIC (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 TIC stock trading near $8.14, the strikes shown on this page are snapped to the nearest listed TIC chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are TIC 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 TIC cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 279.40%), 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 TIC cash-secured put?
- The breakeven for the TIC 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 TIC market-implied 1-standard-deviation expected move is approximately 80.10%; 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 TIC?
- Cash-secured puts on TIC earn premium while a trader waits to acquire TIC stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning TIC.
- How does current TIC implied volatility affect this cash-secured put?
- TIC ATM IV is at 279.40% with IV rank near 79.68%, which is elevated relative to its 1-year range. Premium-selling structures (covered call, cash-secured put, iron condor) generally look more attractive when IV rank is high; premium-buying structures (long call, long put, debit spreads) are more expensive in that regime.