ANVS Cash-Secured Put Strategy
ANVS (Annovis Bio, Inc.), in the Healthcare sector, (Biotechnology industry), listed on NYSE.
Annovis Bio, Inc., a clinical stage drug platform company, develops drugs to treat neurodegeneration. The company's lead compound is Buntanetap, an orally administered drug, which has completed Phase 2a clinical trials for the treatment of Alzheimer's disease (AD) and Parkinson's disease, as well as is in clinical trials for Alzheimer's disease in Down Syndrome and other chronic neurodegenerative disorders. It is also developing ANVS405 for protecting the traumatic brain injury and stroke; and ANVS301, which is in Phase I clinical trials to increase cognitive capability in later stages of AD and dementia. The company was incorporated in 2008 and is based in Berwyn, Pennsylvania.
ANVS (Annovis Bio, Inc.) trades in the Healthcare sector, specifically Biotechnology, with a market capitalization of approximately $43.7M, a beta of 1.26 versus the broader market, a 52-week range of 1.54-5.5, average daily share volume of 831K, a public-listing history dating back to 2020, approximately 8 full-time employees. These structural characteristics shape how ANVS stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.26 places ANVS roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.
What is a cash-secured put on ANVS?
A cash-secured put sells an out-of-the-money put while holding cash equal to the strike-times-100 obligation, keeping the premium when the underlying stays above the strike.
Current ANVS snapshot
As of May 15, 2026, spot at $2.08, ATM IV 255.09%, IV rank 49.70%, expected move 73.13%. The cash-secured put on ANVS below is built from the same end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 28-day expiry.
Why this cash-secured put structure on ANVS specifically: ANVS IV at 255.09% is mid-range versus its 1-year history, so the credit collected on a ANVS cash-secured put sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 73.13% (roughly $1.52 on the underlying). The 28-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated ANVS expiries trade a higher absolute premium for lower per-day decay. Position sizing on ANVS should anchor to the underlying notional of $2.08 per share and to the trader's directional view on ANVS stock.
ANVS cash-secured put setup
The ANVS cash-secured put below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With ANVS near $2.08, the first option leg uses a $1.98 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ANVS chain at a 28-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 ANVS shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $1.98 | N/A |
ANVS cash-secured put risk and reward
- Net Premium / Debit
- N/A
- Max Profit (per contract)
- Unbounded
- Max Loss (per contract)
- Unbounded
- Breakeven(s)
- None on modeled curve
- Risk / Reward Ratio
- N/A
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
ANVS cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on ANVS. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.
When traders use cash-secured put on ANVS
Cash-secured puts on ANVS earn premium while a trader waits to acquire ANVS stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning ANVS.
ANVS thesis for this cash-secured put
The market-implied 1-standard-deviation range for ANVS extends from approximately $0.56 on the downside to $3.60 on the upside. A ANVS cash-secured put lets a trader earn premium while waiting to acquire ANVS at the strike price; the strategy is most attractive when the trader is comfortable holding the underlying at that level and IV is rich enough to compensate for the assignment risk. Current ANVS IV rank near 49.70% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put thesis on ANVS should anchor more to the directional view and the expected-move geometry. As a Healthcare name, ANVS options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ANVS-specific events.
ANVS cash-secured put positions are structurally neutral to slightly bullish; the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. ANVS positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move ANVS alongside the broader basket even when ANVS-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on ANVS carry tail risk when realized volatility exceeds the implied move; review historical ANVS earnings reactions and macro stress periods before sizing. Always rebuild the position from current ANVS chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on ANVS?
- A cash-secured put on ANVS is the cash-secured put strategy applied to ANVS (stock). The strategy is structurally neutral to slightly bullish: A cash-secured put sells an out-of-the-money put while holding cash equal to the strike-times-100 obligation, keeping the premium when the underlying stays above the strike. With ANVS stock trading near $2.08, the strikes shown on this page are snapped to the nearest listed ANVS chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are ANVS cash-secured put max profit and max loss calculated?
- Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium. For the ANVS cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 255.09%), the computed maximum profit is unbounded per contract and the computed maximum loss is unbounded per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a ANVS cash-secured put?
- The breakeven for the ANVS cash-secured put priced on this page is no defined breakeven on the modeled curve at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current ANVS market-implied 1-standard-deviation expected move is approximately 73.13%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a cash-secured put on ANVS?
- Cash-secured puts on ANVS earn premium while a trader waits to acquire ANVS stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning ANVS.
- How does current ANVS implied volatility affect this cash-secured put?
- ANVS ATM IV is at 255.09% with IV rank near 49.70%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.