TII Cash-Secured Put Strategy
TII (Titan Mining Corporation), in the Basic Materials sector, (Industrial Materials industry), listed on AMEX.
Titan Mining Corporation, a natural resource company, acquires, explores, develops, produces, and extracts mineral properties. The company explores for zinc and graphite, as well as iron-oxide copper gold deposits. Its principal asset is the Empire State Mine project covering an area of approximately 80,000 acres located in the Balmat Edwards mining district in northern New York. The company was formerly known as Triton Mining Corporation and changed its name to Titan Mining Corporation in November 2016. The company was incorporated in 2012 and is headquartered in Vancouver, Canada.
TII (Titan Mining Corporation) trades in the Basic Materials sector, specifically Industrial Materials, with a market capitalization of approximately $300.8M, a beta of -0.02 versus the broader market, a 52-week range of 0.4965-5.65, average daily share volume of 279K, a public-listing history dating back to 2021, approximately 140 full-time employees. These structural characteristics shape how TII stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of -0.02 indicates TII has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure.
What is a cash-secured put on TII?
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 TII snapshot
As of May 15, 2026, spot at $2.50, ATM IV 163.50%, IV rank 51.35%, expected move 46.87%. The cash-secured put on TII 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 TII specifically: TII IV at 163.50% is mid-range versus its 1-year history, so the credit collected on a TII cash-secured put sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 46.87% (roughly $1.17 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 TII expiries trade a higher absolute premium for lower per-day decay. Position sizing on TII should anchor to the underlying notional of $2.50 per share and to the trader's directional view on TII stock.
TII cash-secured put setup
The TII 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 TII near $2.50, the first option leg uses a $2.38 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed TII 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 TII shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $2.38 | N/A |
TII 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.
TII cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on TII. 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 TII
Cash-secured puts on TII earn premium while a trader waits to acquire TII stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning TII.
TII thesis for this cash-secured put
The market-implied 1-standard-deviation range for TII extends from approximately $1.33 on the downside to $3.67 on the upside. A TII cash-secured put lets a trader earn premium while waiting to acquire TII 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 TII IV rank near 51.35% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put thesis on TII should anchor more to the directional view and the expected-move geometry. As a Basic Materials name, TII options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to TII-specific events.
TII 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. TII positions also carry Basic Materials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move TII alongside the broader basket even when TII-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on TII carry tail risk when realized volatility exceeds the implied move; review historical TII earnings reactions and macro stress periods before sizing. Always rebuild the position from current TII chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on TII?
- A cash-secured put on TII is the cash-secured put strategy applied to TII (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 TII stock trading near $2.50, the strikes shown on this page are snapped to the nearest listed TII chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are TII 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 TII cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 163.50%), 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 TII cash-secured put?
- The breakeven for the TII 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 TII market-implied 1-standard-deviation expected move is approximately 46.87%; 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 TII?
- Cash-secured puts on TII earn premium while a trader waits to acquire TII stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning TII.
- How does current TII implied volatility affect this cash-secured put?
- TII ATM IV is at 163.50% with IV rank near 51.35%, 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.