NBIS Short Put — Jun 18, 2026

NBIS (Nebius Group N.V. - Class A Ordinary Shares) presents a short put opportunity with very elevated implied volatility. IV Rank 82. This setup favors net premium sellers.

Sell the $135 put for $6.88 credit. Naked single-leg exposure; collect premium from time decay if NBIS stays above the strike. Underlying ~$175.92, 44 DTE. Max profit $688 per contract, max loss $12813, 5.4% return on risk, 83% POP. Breakeven at $128.13.

Management: take profit at ~50% of max profit ($344). Cut at 2x credit ($1375 loss). If short strike is breached with > 14 DTE, consider rolling out for a credit. Close before expiration week to avoid gamma risk.

Underlying: NBIS @ ~$175.92 Expiration: Jun 18, 2026 (44 DTE) Legs:

• Sell NBIS Jun 18, 2026 $135 Put (delta -0.17, mid $6.88)

Use limit orders at the mid or slightly worse. Verify bid-ask spread (currently ~3.6% of mid) before sending.

Take profit at 50% of max profit ($344). Cut loss if position reaches 2x credit received ($1375 loss). Roll if tested with > 14 DTE remaining.