UAMY Cash-Secured Put Strategy
UAMY (United States Antimony Corporation), in the Basic Materials sector, (Industrial Materials industry), listed on NYSE.
United States Antimony Corporation produces and sells antimony, zeolite, and precious metals in the United States and Canada. It operates in two segments: Antimony and Zeolite. The company offers antimony trioxide that is primarily used in conjunction with a halogen to form a synergistic flame retardant system for plastics, rubber, fiberglass, textile goods, paints, coatings, and paper, as well as color fastener in paints and as a phosphorescent agent in fluorescent light bulbs; antimony metal for use in bearings, storage batteries, and ordnance; and antimony trisulfide used as a primer in ammunition. The company also offers coarse and fine zeolite for soil amendment and fertilizer, water filtration, mine underground ventilation, sewage treatment, nuclear waste and other environmental cleanup, odor control, gas separation, and animal nutrition applications, as well as catalysts, petroleum refining, concrete, solar energy and heat exchange, desiccants, pellet binding, horse and kitty litter, floor cleaner, traction control, ammonia removal from mining waste, and carriers for insecticides, pesticides and herbicides. In addition, it recovers unrefined and refined gold and silver. United States Antimony Corporation was founded in 1968 and is headquartered in Dallas, Texas.
UAMY (United States Antimony Corporation) trades in the Basic Materials sector, specifically Industrial Materials, with a market capitalization of approximately $1.03B, a beta of 0.31 versus the broader market, a 52-week range of 1.94-19.71, average daily share volume of 11.2M, a public-listing history dating back to 2000, approximately 101 full-time employees. These structural characteristics shape how UAMY stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.31 indicates UAMY 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 UAMY?
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 UAMY snapshot
As of June 30, 2026, spot at $7.31, ATM IV 104.71%, IV rank 10.40%, expected move 30.02%. The cash-secured put on UAMY 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 31-day expiry.
Why this cash-secured put structure on UAMY specifically: UAMY IV at 104.71% is on the cheap side of its 1-year range, which means a premium-selling UAMY cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 30.02% (roughly $2.19 on the underlying). The 31-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated UAMY expiries trade a higher absolute premium for lower per-day decay. Position sizing on UAMY should anchor to the underlying notional of $7.31 per share and to the trader's directional view on UAMY stock.
UAMY cash-secured put setup
The UAMY 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 UAMY near $7.31, the first option leg uses a $7.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed UAMY chain at a 31-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 UAMY shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $7.00 | $0.70 |
UAMY cash-secured put risk and reward
- Net Premium / Debit
- +$70.00
- Max Profit (per contract)
- $70.00
- Max Loss (per contract)
- -$629.00
- Breakeven(s)
- $6.30
- Risk / Reward Ratio
- 0.111
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
UAMY cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on UAMY. 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 | -99.9% | -$629.00 |
| $1.63 | -77.8% | -$467.48 |
| $3.24 | -55.7% | -$305.96 |
| $4.86 | -33.6% | -$144.45 |
| $6.47 | -11.5% | +$17.07 |
| $8.09 | +10.6% | +$70.00 |
| $9.70 | +32.7% | +$70.00 |
| $11.32 | +54.8% | +$70.00 |
| $12.93 | +76.9% | +$70.00 |
| $14.55 | +99.0% | +$70.00 |
When traders use cash-secured put on UAMY
Cash-secured puts on UAMY earn premium while a trader waits to acquire UAMY stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning UAMY.
UAMY thesis for this cash-secured put
The market-implied 1-standard-deviation range for UAMY extends from approximately $5.12 on the downside to $9.50 on the upside. A UAMY cash-secured put lets a trader earn premium while waiting to acquire UAMY 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 UAMY IV rank near 10.40% 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 UAMY at 104.71%. As a Basic Materials name, UAMY options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to UAMY-specific events.
UAMY 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. UAMY positions also carry Basic Materials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move UAMY alongside the broader basket even when UAMY-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on UAMY carry tail risk when realized volatility exceeds the implied move; review historical UAMY earnings reactions and macro stress periods before sizing. Always rebuild the position from current UAMY chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on UAMY?
- A cash-secured put on UAMY is the cash-secured put strategy applied to UAMY (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 UAMY stock trading near $7.31, the strikes shown on this page are snapped to the nearest listed UAMY chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are UAMY 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 UAMY cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 104.71%), the computed maximum profit is $70.00 per contract and the computed maximum loss is -$629.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a UAMY cash-secured put?
- The breakeven for the UAMY cash-secured put priced on this page is roughly $6.30 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 UAMY market-implied 1-standard-deviation expected move is approximately 30.02%; 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 UAMY?
- Cash-secured puts on UAMY earn premium while a trader waits to acquire UAMY stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning UAMY.
- How does current UAMY implied volatility affect this cash-secured put?
- UAMY ATM IV is at 104.71% with IV rank near 10.40%, 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.