RizeTrade
PricingLearn
Calculators/Cash Secured Put Calculator
Income Strategy

Cash Secured Put Calculator

Calculate potential returns for selling cash-secured puts. Generate income while waiting to buy stocks at your target price.

BullishLimited RiskLimited Reward

A cash-secured put involves selling a put option while holding enough cash to buy the shares if assigned. You collect premium and either keep it if the stock stays above strike, or acquire shares at an effective discount.

Trade Details

Current price: $100.00

Trade Summary
Net Credit$300.00
Max Profit$300.00
Max Loss$9,200.00
Breakeven$92.00
Cash Required$9,500
Effective Purchase Price$92.00
Payoff at ExpirationStock Price vs Profit/Loss
Current: $100.00
Breakeven: $92.00

Max Profit

$300.00

Max Loss

$9200.00

Return on Cash

3.16%

Premium Received

$300.00

Breakeven

$92.00

Discount to Current

8.0%

Understanding Cash Secured Puts

A cash-secured put is a conservative income strategy where you sell a put option while holding enough cash to purchase the shares if assigned. It's often called the "wheel strategy" when combined with covered calls.

When to Use Cash Secured Puts

  • You want to buy a stock at a lower price
  • You want to generate income while waiting
  • You're bullish on the stock long-term
  • You have cash sitting idle in your account

Key Formulas

Effective Purchase Price

Effective Price = Strike Price - Premium Received

Return on Cash

Return = (Premium / Cash Required) × 100

Related Calculators

Covered Call CalculatorShort Put CalculatorPut Spread Calculator

Track Your Put Selling Strategy

Monitor your cash-secured puts, track assignments, and analyze your overall returns.

Get Started Free
RizeTrade

The intelligent trading journal for serious traders.

Options

  • Covered Call
  • Iron Condor
  • Credit Spread
  • Multi-Leg

Product

  • Pricing
  • Supported Brokers
  • Free Tools
  • Templates
  • Learn to Trade

Company

  • Contact
  • Privacy
  • Terms

Support

  • Help Center
  • FAQ

© 2026 RizeTrade LLC. All rights reserved.

PrivacyTerms