VOXR Cash-Secured Put Strategy

VOXR (Vox Royalty Corp.), in the Basic Materials sector, (Other Precious Metals industry), listed on NASDAQ.

Vox Royalty Corp. operates as a mining royalty and streaming company. The company holds a portfolio of 56 royalties and streaming assets, as well as 1 royalty option. It operates in Australia, Canada, Peru, Brazil, South Africa, Mexico, the United States, Madagascar, the Cayman Islands, and Nigeria. The company was founded in 2014 and is based in Toronto, Canada.

VOXR (Vox Royalty Corp.) trades in the Basic Materials sector, specifically Other Precious Metals, with a market capitalization of approximately $348.0M, a trailing P/E of 59.11, a beta of 0.69 versus the broader market, a 52-week range of 3.03-6.59, average daily share volume of 493K, a public-listing history dating back to 2020, approximately 6 full-time employees. These structural characteristics shape how VOXR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.69 indicates VOXR has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. The trailing P/E of 59.11 is on the rich side, which tends to correlate with higher earnings-window IV expansion as the market debates whether forward growth supports the multiple. VOXR pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a cash-secured put on VOXR?

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 VOXR snapshot

As of May 15, 2026, spot at $6.14, ATM IV 63.30%, expected move 18.15%. The cash-secured put on VOXR 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 VOXR specifically: IV rank is unavailable in the current snapshot, so regime-based timing for VOXR is inferred from ATM IV at 63.30% alone, with a market-implied 1-standard-deviation move of approximately 18.15% (roughly $1.11 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 VOXR expiries trade a higher absolute premium for lower per-day decay. Position sizing on VOXR should anchor to the underlying notional of $6.14 per share and to the trader's directional view on VOXR stock.

VOXR cash-secured put setup

The VOXR 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 VOXR near $6.14, the first option leg uses a $5.83 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed VOXR 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 VOXR shares for the stock leg in covered calls and collars).

ActionTypeStrike / BasisPremium (est)
Sell 1Put$5.83N/A

VOXR 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.

VOXR cash-secured put payoff curve

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

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

VOXR thesis for this cash-secured put

The market-implied 1-standard-deviation range for VOXR extends from approximately $5.03 on the downside to $7.25 on the upside. A VOXR cash-secured put lets a trader earn premium while waiting to acquire VOXR 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. As a Basic Materials name, VOXR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to VOXR-specific events.

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

Frequently asked questions

What is a cash-secured put on VOXR?
A cash-secured put on VOXR is the cash-secured put strategy applied to VOXR (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 VOXR stock trading near $6.14, the strikes shown on this page are snapped to the nearest listed VOXR chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are VOXR 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 VOXR cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 63.30%), 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 VOXR cash-secured put?
The breakeven for the VOXR 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 VOXR market-implied 1-standard-deviation expected move is approximately 18.15%; 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 VOXR?
Cash-secured puts on VOXR earn premium while a trader waits to acquire VOXR stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning VOXR.
How does current VOXR implied volatility affect this cash-secured put?
Current VOXR ATM IV is 63.30%; IV rank context is unavailable in the current snapshot.

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