How are UUUU 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 UUUU cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 80.65%), the computed maximum profit is $94.00 per contract and the computed maximum loss is -$1,255.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a UUUU cash-secured put?

The breakeven for the UUUU cash-secured put priced on this page is roughly $12.56 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 UUUU market-implied 1-standard-deviation expected move is approximately 23.12%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current UUUU implied volatility affect this cash-secured put?

UUUU ATM IV is at 80.65% with IV rank near 14.94%, 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.

UUUU Cash-Secured Put Strategy

UUUU (Energy Fuels Inc.), in the Energy sector, (Uranium industry), listed on AMEX.

Energy Fuels Inc. and its subsidiaries are actively engaged in the exploration, extraction, recovery, and sale of uranium throughout the United States, employing both conventional and in-situ methods. The company's operational assets include the Nichols Ranch, Jane Dough, and Hank projects located in Wyoming, the Alta Mesa project in Texas, and the White Mesa Mill in Utah. Furthermore, the firm holds interests in various uranium and uranium/vanadium properties and projects across Utah, Wyoming, Arizona, New Mexico, and Colorado, all at different stages of exploration, permitting, or evaluation. Originally incorporated in 1987 as Volcanic Metals Exploration Inc., the company rebranded to Energy Fuels Inc. in May 2006 and is headquartered in Lakewood, Colorado.

UUUU (Energy Fuels Inc.) trades in the Energy sector, specifically Uranium, with a market capitalization of approximately $3.65B, a beta of 1.55 versus the broader market, a 52-week range of 5.45-27.9, average daily share volume of 10.7M, a public-listing history dating back to 2007, approximately 1K full-time employees. These structural characteristics shape how UUUU stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.55 indicates UUUU 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 UUUU?

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 UUUU snapshot

As of June 30, 2026, spot at $14.41, ATM IV 80.65%, IV rank 14.94%, expected move 23.12%. The cash-secured put on UUUU 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 UUUU specifically: UUUU IV at 80.65% is on the cheap side of its 1-year range, which means a premium-selling UUUU cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 23.12% (roughly $3.33 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 UUUU expiries trade a higher absolute premium for lower per-day decay. Position sizing on UUUU should anchor to the underlying notional of $14.41 per share and to the trader's directional view on UUUU stock.

UUUU cash-secured put setup

The UUUU 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 UUUU near $14.41, the first option leg uses a $13.50 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed UUUU 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 UUUU shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$13.50	$0.94

UUUU cash-secured put risk and reward

Net Premium / Debit: +$94.00
Max Profit (per contract): $94.00
Max Loss (per contract): -$1,255.00
Breakeven(s): $12.56
Risk / Reward Ratio: 0.075

Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.

UUUU cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on UUUU. 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.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-99.9%	-$1,255.00
$3.20	-77.8%	-$936.50
$6.38	-55.7%	-$617.99
$9.57	-33.6%	-$299.49
$12.75	-11.5%	+$19.01
$15.94	+10.6%	+$94.00
$19.12	+32.7%	+$94.00
$22.31	+54.8%	+$94.00
$25.49	+76.9%	+$94.00
$28.68	+99.0%	+$94.00

When traders use cash-secured put on UUUU

Cash-secured puts on UUUU earn premium while a trader waits to acquire UUUU stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning UUUU.

UUUU thesis for this cash-secured put

The market-implied 1-standard-deviation range for UUUU extends from approximately $11.08 on the downside to $17.74 on the upside. A UUUU cash-secured put lets a trader earn premium while waiting to acquire UUUU 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 UUUU IV rank near 14.94% 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 UUUU at 80.65%. As a Energy name, UUUU options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to UUUU-specific events.

UUUU 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. UUUU positions also carry Energy sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move UUUU alongside the broader basket even when UUUU-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on UUUU carry tail risk when realized volatility exceeds the implied move; review historical UUUU earnings reactions and macro stress periods before sizing. Always rebuild the position from current UUUU chain quotes before placing a trade.

Frequently asked questions

What is a cash-secured put on UUUU?: A cash-secured put on UUUU is the cash-secured put strategy applied to UUUU (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 UUUU stock trading near $14.41, the strikes shown on this page are snapped to the nearest listed UUUU chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are UUUU 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 UUUU cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 80.65%), the computed maximum profit is $94.00 per contract and the computed maximum loss is -$1,255.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a UUUU cash-secured put?: The breakeven for the UUUU cash-secured put priced on this page is roughly $12.56 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 UUUU market-implied 1-standard-deviation expected move is approximately 23.12%; 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 UUUU?: Cash-secured puts on UUUU earn premium while a trader waits to acquire UUUU stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning UUUU.
How does current UUUU implied volatility affect this cash-secured put?: UUUU ATM IV is at 80.65% with IV rank near 14.94%, 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.