VSAT Cash-Secured Put Strategy
VSAT (Viasat, Inc.), in the Technology sector, (Communication Equipment industry), listed on NASDAQ.
Viasat, Inc. provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband internet access and voice over internet protocol services to consumers and businesses; in-flight entertainment and aviation software services to commercial airlines; community internet services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and energy services, which include ultra-secure solutions IP connectivity, bandwidth-optimized over-the-top applications, industrial internet-of-things big data enablement, and industry-leading machine learning analytics. Its Commercial Networks segment offers fixed broadband satellite communication systems comprising satellite network infrastructure and ground terminals; mobile broadband satellite communication systems; antenna systems for terrestrial and satellite applications, such as earth imaging, remote sensing, mobile satellite communication, Ka-band earth stations, and other multi-band antennas; design and technology services comprising analysis, design, and development of satellites and ground systems; application specific integrated circuit and monolithic microwave integrated circuit chips; and network function virtualization, as well as space system design and development products and services include architectures for GEO, MEO, LEO satellites, and other satellite platforms. The company was incorporated in 1986 and is headquartered in Carlsbad, California.
VSAT (Viasat, Inc.) trades in the Technology sector, specifically Communication Equipment, with a market capitalization of approximately $9.59B, a beta of 1.67 versus the broader market, a 52-week range of 8.61-74.25, average daily share volume of 1.6M, a public-listing history dating back to 1996, approximately 8K full-time employees. These structural characteristics shape how VSAT stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.67 indicates VSAT 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 VSAT?
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 VSAT snapshot
As of May 15, 2026, spot at $70.09, ATM IV 90.10%, IV rank 49.51%, expected move 25.83%. The cash-secured put on VSAT 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 VSAT specifically: VSAT IV at 90.10% is mid-range versus its 1-year history, so the credit collected on a VSAT cash-secured put sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 25.83% (roughly $18.10 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 VSAT expiries trade a higher absolute premium for lower per-day decay. Position sizing on VSAT should anchor to the underlying notional of $70.09 per share and to the trader's directional view on VSAT stock.
VSAT cash-secured put setup
The VSAT 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 VSAT near $70.09, the first option leg uses a $65.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed VSAT 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 VSAT shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $65.00 | $5.15 |
VSAT cash-secured put risk and reward
- Net Premium / Debit
- +$515.00
- Max Profit (per contract)
- $515.00
- Max Loss (per contract)
- -$5,984.00
- Breakeven(s)
- $59.85
- Risk / Reward Ratio
- 0.086
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
VSAT cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on VSAT. 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 | -100.0% | -$5,984.00 |
| $15.51 | -77.9% | -$4,434.38 |
| $31.00 | -55.8% | -$2,884.76 |
| $46.50 | -33.7% | -$1,335.15 |
| $61.99 | -11.5% | +$214.47 |
| $77.49 | +10.6% | +$515.00 |
| $92.99 | +32.7% | +$515.00 |
| $108.48 | +54.8% | +$515.00 |
| $123.98 | +76.9% | +$515.00 |
| $139.48 | +99.0% | +$515.00 |
When traders use cash-secured put on VSAT
Cash-secured puts on VSAT earn premium while a trader waits to acquire VSAT stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning VSAT.
VSAT thesis for this cash-secured put
The market-implied 1-standard-deviation range for VSAT extends from approximately $51.99 on the downside to $88.19 on the upside. A VSAT cash-secured put lets a trader earn premium while waiting to acquire VSAT 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 VSAT IV rank near 49.51% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put thesis on VSAT should anchor more to the directional view and the expected-move geometry. As a Technology name, VSAT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to VSAT-specific events.
VSAT 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. VSAT positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move VSAT alongside the broader basket even when VSAT-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on VSAT carry tail risk when realized volatility exceeds the implied move; review historical VSAT earnings reactions and macro stress periods before sizing. Always rebuild the position from current VSAT chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on VSAT?
- A cash-secured put on VSAT is the cash-secured put strategy applied to VSAT (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 VSAT stock trading near $70.09, the strikes shown on this page are snapped to the nearest listed VSAT chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are VSAT 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 VSAT cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 90.10%), the computed maximum profit is $515.00 per contract and the computed maximum loss is -$5,984.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a VSAT cash-secured put?
- The breakeven for the VSAT cash-secured put priced on this page is roughly $59.85 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 VSAT market-implied 1-standard-deviation expected move is approximately 25.83%; 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 VSAT?
- Cash-secured puts on VSAT earn premium while a trader waits to acquire VSAT stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning VSAT.
- How does current VSAT implied volatility affect this cash-secured put?
- VSAT ATM IV is at 90.10% with IV rank near 49.51%, 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.