UMC · Cash-Secured-Puts

United Microelectronics Corporation (NEW) Common Stock (UMC) cash-secured puts

A modelled cash-secured put from the published implied volatility, with breakeven and buffer.

$23.19
Modelled strike
$20.00
Modelled premium
$0.25
Cash required
$2,000.00
Breakeven
$19.75
Downside buffer
14.8%
Period return
1.3%
Annualized return
23.0%
Days to expiration
22
Strategy payoffModelled cash-secured put payoff. Spot $23.19. Expiry maximum profit $25.00 · Expiry maximum loss -$1,975.00 · Expiry breakevens $19.75. Total position fees $0.00 deducted once. Intrinsic at the common expiration; IV/time never alters expiry P/L. No early exercise, assignment, slippage, dividends or taxes modeled.

Update time unavailable

Loading graph — the exact table is available below.

$11.595Expiration P/L -$815.50Update time unavailable
Event / reference markers
  • Spot: $23.19
  • Expiry breakeven $19.75: $19.75
  • sell put strike $20.00: $20.00
Exact data table
Strategy payoff · full stored dataset, independent of graph range/toggles
ObservationExpiration P/L (USD)ContextUpdated
-$815.50Update time unavailable
-$792.31Update time unavailable
-$769.12Update time unavailable
-$745.93Update time unavailable
-$722.74Update time unavailable
-$699.55Update time unavailable
-$676.36Update time unavailable
-$653.17Update time unavailable
-$629.98Update time unavailable
-$606.79Update time unavailable
-$583.60Update time unavailable
-$560.41Update time unavailable
-$537.22Update time unavailable
-$514.03Update time unavailable
-$490.84Update time unavailable
-$467.65Update time unavailable
-$444.46Update time unavailable
-$421.27Update time unavailable
-$398.08Update time unavailable
-$374.89Update time unavailable
-$351.70Update time unavailable
-$328.51Update time unavailable
-$305.32Update time unavailable
-$282.13Update time unavailable
-$258.94Update time unavailable
-$235.75Update time unavailable
-$212.56Update time unavailable
-$189.37Update time unavailable
-$166.18Update time unavailable
-$142.99Update time unavailable
-$119.80Update time unavailable
-$96.61Update time unavailable
-$73.42Update time unavailable
-$50.23Update time unavailable
-$27.04Update time unavailable
-$3.85Update time unavailable
$0.00Update time unavailable
$19.34Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Spot referenceUpdate time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
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$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
$25.00Update time unavailable
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$25.00Update time unavailable
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$25.00Update time unavailable

Black-Scholes from the published at-the-money implied volatility (one expected move out of the money). If assigned you buy 100 shares at the strike, an effective $19.75 per share after premium; the shares can keep falling.

Next steps

Data provenance

Figures are from published, reviewed research as of Oct 6, 2026, 4:00 PM EDT. Modelled option premiums use Black-Scholes with the published at-the-money implied volatility and are labelled as modelled, not as live quotes.