What is a cash-secured put?

It is a short put backed by enough cash to buy 100 shares at the strike if assigned. Premium is received up front.

What is the maximum profit on a cash-secured put?

The maximum profit is the premium received, before fees, when the put expires worthless.

What is the breakeven?

At expiration, breakeven is the strike minus the option credit per share, before fees.

Can a cash-secured put lose money?

Yes. Below breakeven, losses grow as the stock falls. Assignment can leave the seller owning shares worth much less than the purchase price.

Are the displayed option credits actual fills?

No. BID and MID come from market quotes. A real order may fill at a different price or not fill at all.

What does annualized yield mean here?

It is the listed premium yield multiplied by 365 and divided by days to expiration. It is a simple calendar run-rate, not a guaranteed or compounded return.

Cushion is the percentage distance from the stock price to the strike. It is a distance measure, not protection or a probability of profit.

Are these recommendations?

No. The rows are general, quote-based research examples. They are not personalized investment advice and LOPJLB does not place the trades.

Is this a wheel strategy?

No. Each row is a standalone 7–45 DTE option observation. The page does not assume a cash-secured put becomes a covered call, model repeated cycles, or automate assignment and rolls.

[CASH-SECURED PUTS]

Cash-secured puts

Sep 4, 2026, 1:27 PM PDT1,555 setups · 1,555 selectedSTALE RESEARCH

Daily 7–45 DTE quote-based put-selling setups with the cash collateral shown up front. The premium lowers effective entry, but assignment leaves you owning shares and exposed to the stock’s downside.

Credit: BID is the executable-side quote; MID is the quote midpoint. Neither is a fill.
APY: Simple annualized premium run-rate based on days left; not a guaranteed yield.
Cushion: Distance from spot down to the put strike; not downside protection.
Collateral: Cash reserved for assignment, generally strike × 100 per contract.

DTE

APY

SORT

SETUPS

SYMBOL / EXPIRY		SLEEVE	BID / MID	FILL GAP			COLLATERAL		NEAREST LEVEL
SNDK2026-09-18	14	NEAR	$79.00 / $79.60	0.8%	121.2%	2.6%	$170,000	391	20H −5.0%	92.68
SNDK2026-09-18	14	MID	$64.90 / $65.85	1.4%	101.3%	4.3%	$167,000	236	20H −6.7%	92.05
DELL2026-09-11	7	NEAR	$11.00 / $11.08	0.7%	111.9%	2.0%	$51,250	610	52H −0.5%	88.82
SNDK2026-09-25	21	NEAR	$103.50 / $105.75	2.1%	105.2%	2.0%	$171,000	26	20H −4.4%	88.41
SNDK2026-09-25	21	MID	$84.90 / $87.15	2.6%	88.4%	4.3%	$167,000	229	20H −6.7%	88.15
SNDK2026-10-16	42	NEAR	$152.50 / $154.10	1.0%	78.0%	2.6%	$170,000	637	20H −5.0%	87.02
CRDO2026-09-18	14	NEAR	$6.60 / $7.05	6.4%	104.3%	3.5%	$16,500	1,053	20L +0.5%	86.50
CRCL2026-09-11	7	NEAR	$2.99 / $3.10	3.4%	155.9%	1.7%	$10,000	1,221	20H −3.2%	85.95
SNDK2026-10-02	28	NEAR	$116.80 / $123.15	5.2%	89.6%	2.6%	$170,000	53	20H −5.0%	85.57
LITE2026-09-18	14	NEAR	$34.90 / $35.45	1.6%	105.8%	2.3%	$86,000	380	EMA50 +1.6%	85.37
SNDK2026-09-18	14	FAR	$41.00 / $41.60	1.4%	66.8%	8.3%	$160,000	877	EMA50 +4.9%	84.55
ARM2026-09-11	7	NEAR	$4.90 / $5.13	4.4%	104.3%	3.0%	$24,500	96	20L +4.0%	84.07
CRDO2026-09-11	7	MID	$3.00 / $3.30	9.1%	96.3%	4.9%	$16,250	318	20L −1.0%	83.81
SNDK2026-10-02	28	MID	$104.60 / $110.95	5.7%	81.4%	4.0%	$167,500	86	20H −6.4%	83.68
HPE2026-09-11	7	NEAR	$1.04 / $1.11	6.3%	106.3%	1.7%	$5,100	292	20L +0.3%	83.22
CRCL2026-09-11	7	MID	$1.75 / $1.89	7.4%	94.1%	4.6%	$9,700	754	20H −6.1%	83.16
NOW2026-09-11	7	NEAR	$2.50 / $2.59	3.5%	93.8%	1.6%	$13,900	204	20H −6.4%	82.89
CRWD2026-09-11	7	NEAR	$3.70 / $3.85	3.9%	91.9%	1.4%	$21,000	766	EMA50 +6.1%	82.20
SNDK2026-10-16	42	MID	$132.30 / $134.05	1.3%	69.3%	4.9%	$166,000	95	20H −7.3%	81.92
LITE2026-09-25	21	NEAR	$49.50 / $53.60	7.6%	98.9%	1.1%	$87,000	246	EMA50 +2.8%	81.80
SNDK2026-10-16	42	FAR	$105.30 / $107.25	1.8%	57.2%	8.3%	$160,000	610	EMA50 +4.9%	80.97
SNDK2026-09-25	21	FAR	$57.70 / $59.25	2.6%	62.7%	8.3%	$160,000	215	EMA50 +4.9%	80.92
CRCL2026-09-25	21	NEAR	$6.25 / $6.68	6.4%	108.6%	1.7%	$10,000	67	20H −3.2%	80.45
VRT2026-09-11	7	NEAR	$5.10 / $5.85	12.8%	96.7%	1.4%	$27,500	79	EMA50 −1.5%	80.43
LITE2026-09-11	7	MID	$13.10 / $13.45	2.6%	81.3%	4.5%	$84,000	192	EMA50 −0.7%	79.97

SNDK2026-09-18 · 14D

DELL2026-09-11 · 7D

SNDK2026-09-25 · 21D

SNDK2026-10-16 · 42D

CRDO2026-09-18 · 14D

CRCL2026-09-11 · 7D

SNDK2026-10-02 · 28D

LITE2026-09-18 · 14D

SNDK2026-09-18 · 14D

ARM2026-09-11 · 7D

CRDO2026-09-11 · 7D

SNDK2026-10-02 · 28D

HPE2026-09-11 · 7D

CRCL2026-09-11 · 7D

NOW2026-09-11 · 7D

CRWD2026-09-11 · 7D

SNDK2026-10-16 · 42D

LITE2026-09-25 · 21D

SNDK2026-10-16 · 42D

SNDK2026-09-25 · 21D

CRCL2026-09-25 · 21D

VRT2026-09-11 · 7D

LITE2026-09-11 · 7D

Showing 1-25 of 1,555

PAYOFF · EXPIRATION ESTIMATE

SELECT A SETUP TO VIEW EXPIRATION PAYOFF

BID and MID are quote estimates, not fills. Assignment can require buying 100 shares per contract, and losses can be substantial if the stock falls. General research, not personalized advice.

How cash-secured puts work

Payoff, capital, assignment, and the evidence shown in each row.

What a cash-secured put is

A cash-secured put sells one put while reserving enough cash to buy 100 shares at the strike. The seller receives premium now and accepts an obligation to buy the shares if assigned.

The trade fits an investor willing to own the stock at an effective entry near strike minus credit. Premium is limited; downside after assignment is similar to owning the stock from that effective entry.

The payoff and assignment

If the stock finishes above the strike, the put generally expires worthless and the premium is the maximum profit. Below the strike, assignment can require purchasing 100 shares. Breakeven is strike minus credit before fees.

Hypothetical only: sell a $90 put for $2.00 with the stock at $100. The maximum premium is $200, cash collateral is about $9,000, and breakeven is $88. A finish at $75 implies an expiration loss of about $1,300 per contract.

How to read the ledger

BID and MID describe current quote geometry. Fill gap shows their separation. Premium yield divides the credit by collateral; APY annualizes that simple return over the listed DTE.

HIT, when present, is historical stock-path evidence over comparable windows. Q, regime, earnings timing, and nearest levels add context. None of them removes assignment or downside risk.

Quick FAQ

Put the option quote in stock context.

Screen the underlying, inspect its nightly signal evidence, and treat every option row as a research starting point—not an order.

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