WYY Cash-Secured Put Strategy

WYY (WidePoint Corporation), in the Technology sector, (Information Technology Services industry), listed on AMEX.

WidePoint Corporation provides technology management as a service (TMaaS) to the government and business enterprises in the United States and Europe. It offers TMaaS solutions through a secure federal government certified proprietary portal and through a secure enterprise portal that provides customers with the ability to manage, analyze, and protect communications assets, as well as deploy identity management solutions that provide secured virtual and physical access to restricted environments. The company’s managed solutions include telecom lifecycle management that provides customers a full visibility of its telecom assets; and mobile and identity management, a multifactor authentication solution to conduct business through a secure portal, as well as mobile security solutions that protects users, devices, and corporate resources, including effective mobile program policies. It also provides digital billing and unified communications analytics solutions to large communications service providers that enable its customers to view and analyze the bills online. In addition, the company offers IT as a service, including cybersecurity, cloud services, network operations, and professional services; outsourcing solutions, such as hardware, software, and network and associated management; development operations support, artificial intelligence implementation, and the Microsoft stack of technologies; and migration to the cloud services. Further, it provides carrier services comprising phone, data and satellite, and related mobile services for a connected device or end point.

WYY (WidePoint Corporation) trades in the Technology sector, specifically Information Technology Services, with a market capitalization of approximately $165.3M, a beta of 1.81 versus the broader market, a 52-week range of 2.8-24.3, average daily share volume of 252K, a public-listing history dating back to 1998, approximately 246 full-time employees. These structural characteristics shape how WYY stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.81 indicates WYY 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 WYY?

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 WYY snapshot

As of June 29, 2026, spot at $16.45, ATM IV 120.30%, IV rank 35.80%, expected move 34.49%. The cash-secured put on WYY 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 18-day expiry.

Why this cash-secured put structure on WYY specifically: WYY IV at 120.30% is mid-range versus its 1-year history, so the credit collected on a WYY cash-secured put sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 34.49% (roughly $5.67 on the underlying). The 18-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated WYY expiries trade a higher absolute premium for lower per-day decay. Position sizing on WYY should anchor to the underlying notional of $16.45 per share and to the trader's directional view on WYY stock.

WYY cash-secured put setup

The WYY 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 WYY near $16.45, the first option leg uses a $15.63 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed WYY chain at a 18-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 WYY shares for the stock leg in covered calls and collars).

ActionTypeStrike / BasisPremium (est)
Sell 1Put$15.63N/A

WYY 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.

WYY cash-secured put payoff curve

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

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

WYY thesis for this cash-secured put

The market-implied 1-standard-deviation range for WYY extends from approximately $10.78 on the downside to $22.12 on the upside. A WYY cash-secured put lets a trader earn premium while waiting to acquire WYY 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 WYY IV rank near 35.80% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put thesis on WYY should anchor more to the directional view and the expected-move geometry. As a Technology name, WYY options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to WYY-specific events.

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

Frequently asked questions

What is a cash-secured put on WYY?
A cash-secured put on WYY is the cash-secured put strategy applied to WYY (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 WYY stock trading near $16.45, the strikes shown on this page are snapped to the nearest listed WYY chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are WYY 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 WYY cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 120.30%), 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 WYY cash-secured put?
The breakeven for the WYY 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 WYY market-implied 1-standard-deviation expected move is approximately 34.49%; 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 WYY?
Cash-secured puts on WYY earn premium while a trader waits to acquire WYY stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning WYY.
How does current WYY implied volatility affect this cash-secured put?
WYY ATM IV is at 120.30% with IV rank near 35.80%, 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.

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