SMH Cash Secured Put Opportunities
Selling a cash secured put on SMH (SMH) means setting aside enough cash to buy 100 shares and selling a put option. You collect the premium up front; in exchange you agree to buy SMH at the strike price if it closes below it at expiry.
As of 2026-07-25, SMH last traded around $561.19. Its best-scoring cash secured put is the $560.00 strike expiring 2026-08-21, paying $33.70 per share — a 6.02% premium ratio and a Net Score of 4.3 out of 10.
Cash Secured Put data for SMH — cached 2026-07-25| Expiry | Strike type | Strike | Premium | Premium ratio | Net Score |
|---|
| 2026-07-31 | ATM | $560.00 | $18.40 | 3.29% | 3.1 |
| 2026-08-07 | ATM | $560.00 | $25.45 | 4.54% | 3.6 |
| 2026-08-14 | ATM | $560.00 | $30.15 | 5.38% | 4.0 |
| 2026-08-21 | ATM | $560.00 | $33.70 | 6.02% | 4.3 |
How much income does an SMH cash secured put generate?
One options contract covers 100 shares. At the $560.00 strike, SMH pays $33.70 per share, so a single contract collects about $3370 in premium. That income is set against securing the put with $56000 in cash, roughly $56000 of capital — the 6.02% premium ratio shown above.
SMH premium ratio trend
Over the last 19 trading snapshots, SMH's cash secured put premium ratio has ranged from 3.85% to 7.49%, averaging 5.29%. It currently sits at 6.02%, which is above its recent average — a higher ratio means more income per dollar of cash secured.
Is SMH a good cash secured put stock?
The Net Score weighs income against risk: how far SMH sits above its 52-week low, the premium relative to the strike, the capital required, and the absolute premium collected. A score of 8 or above marks an unusually strong risk-adjusted setup. Compare SMH against every other symbol on the ranked screener before committing capital.
SMH cash secured put FAQ
How much does an SMH cash secured put pay?
At the $560.00 strike expiring 2026-08-21, one SMH contract collects $33.70 per share — about $3370 for the 100 shares one contract covers. That is a 6.02% premium ratio against roughly $56000 of capital.
Is SMH a good cash secured put candidate?
Kovered scores this setup 4.3 out of 10. The Net Score weighs the premium ratio against downside risk, capital required and total premium. SMH last traded at $561.19 versus a 52-week low of $279.19. Scores of 8 or above are unusually strong on a risk-adjusted basis.
What is the difference between an SMH covered call and a cash secured put?
A covered call needs you to already own 100 SMH shares and caps your upside at the strike. A cash secured put needs cash instead of shares and obliges you to buy SMH if it falls below the strike. Both collect premium up front; the covered call suits holders, the cash secured put suits buyers waiting for a lower entry.
How often is this SMH data updated?
Kovered refreshes strikes, premiums and Net Scores daily from live options data, so the SMH figures on this page reflect the most recent market close.