Options tools
Cash-secured put calculator
See the premium, cash commitment, and breakeven together. Bring your own quote and adjust the position before you screen.
Set up a put
USD
Current price per shareUSD
Purchase price if assignedUSD / share
Quoted premium per share× 100 shares
Whole contracts to writedays
Calendar days remainingStart with your own prices, or explore an illustrative example.
Your position
100 shares / contract- Reserved cash
- Premium collected
- Breakeven per share
- Strike cushion
- Return over the term
- Simple annualized yield
Cash committed at the strike
Before fees and commissions
Strike less the premium received
Distance from the stock price to strike
Premium divided by reserved cash
Scaled to 365 days; not compounded
Enter all five values to calculate your position.
Find cash-secured putsEvery number, explained.
Standard U.S. equity option contracts, with a 100-share multiplier. Premium is entered per share. Fees, taxes, and interest on cash are excluded.
- Reserved cash
- Strike × 100 × contracts
- Premium collected
- Bid × 100 × contracts
- Breakeven per share
- Strike − bid
- Strike cushion
- (Stock price − strike) ÷ stock price
- Return over the term
- Premium ÷ reserved cash
- Simple annualized yield
- Term return × 365 ÷ days to expiration
Annualization compares different terms on a common scale. It assumes the same return can be repeated for a year; it is not a forecast or a compounded return.