UPXI Cash-Secured Put Strategy
UPXI (Upexi, Inc.), in the Communication Services sector, (Internet Content & Information industry), listed on NASDAQ.
Upexi, Inc. manufacture and sells various branded products in the health, wellness, pet, beauty, and other markets. The company was formerly known as Grove, Inc. and changed its name to Upexi, Inc. in August 2022. Upexi, Inc. was incorporated in 2018 and is headquartered in Clearwater, Florida.
UPXI (Upexi, Inc.) trades in the Communication Services sector, specifically Internet Content & Information, with a market capitalization of approximately $96.4M, a beta of -0.29 versus the broader market, a 52-week range of 0.54-15.5, average daily share volume of 5.2M, a public-listing history dating back to 2021, approximately 64 full-time employees. These structural characteristics shape how UPXI stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of -0.29 indicates UPXI 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 UPXI?
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 UPXI snapshot
As of May 15, 2026, spot at $1.44, ATM IV 107.47%, IV rank 21.35%, expected move 30.81%. The cash-secured put on UPXI 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 28-day expiry.
Why this cash-secured put structure on UPXI specifically: UPXI IV at 107.47% is on the cheap side of its 1-year range, which means a premium-selling UPXI cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 30.81% (roughly $0.44 on the underlying). The 28-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated UPXI expiries trade a higher absolute premium for lower per-day decay. Position sizing on UPXI should anchor to the underlying notional of $1.44 per share and to the trader's directional view on UPXI stock.
UPXI cash-secured put setup
The UPXI 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 UPXI near $1.44, the first option leg uses a $1.37 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed UPXI chain at a 28-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 UPXI shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $1.37 | N/A |
UPXI 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.
UPXI cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on UPXI. 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 UPXI
Cash-secured puts on UPXI earn premium while a trader waits to acquire UPXI stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning UPXI.
UPXI thesis for this cash-secured put
The market-implied 1-standard-deviation range for UPXI extends from approximately $1.00 on the downside to $1.88 on the upside. A UPXI cash-secured put lets a trader earn premium while waiting to acquire UPXI 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 UPXI IV rank near 21.35% 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 UPXI at 107.47%. As a Communication Services name, UPXI options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to UPXI-specific events.
UPXI 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. UPXI positions also carry Communication Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move UPXI alongside the broader basket even when UPXI-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on UPXI carry tail risk when realized volatility exceeds the implied move; review historical UPXI earnings reactions and macro stress periods before sizing. Always rebuild the position from current UPXI chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on UPXI?
- A cash-secured put on UPXI is the cash-secured put strategy applied to UPXI (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 UPXI stock trading near $1.44, the strikes shown on this page are snapped to the nearest listed UPXI chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are UPXI 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 UPXI cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 107.47%), 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 UPXI cash-secured put?
- The breakeven for the UPXI 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 UPXI market-implied 1-standard-deviation expected move is approximately 30.81%; 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 UPXI?
- Cash-secured puts on UPXI earn premium while a trader waits to acquire UPXI stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning UPXI.
- How does current UPXI implied volatility affect this cash-secured put?
- UPXI ATM IV is at 107.47% with IV rank near 21.35%, 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.