How are CELC 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 CELC cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 64.20%), the computed maximum profit is $565.00 per contract and the computed maximum loss is -$8,434.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a CELC cash-secured put?

The breakeven for the CELC cash-secured put priced on this page is roughly $84.35 at expiration, derived from the August 14, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The CELC market-implied 1-standard-deviation expected move in the same options snapshot is approximately 18.41%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current CELC implied volatility affect this cash-secured put?

CELC ATM IV is at 64.20% with IV rank near 14.91%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.

CELC Cash-Secured Put Strategy

CELC (Celcuity Inc.), in the Healthcare sector, (Biotechnology industry), listed on NASDAQ.

Celcuity, Inc. operates as a cellular analysis company. The company discovers new cancer sub-types and commercializing diagnostic tests designed to improve the clinical outcomes of cancer patients treated with targeted therapies. The firm's proprietary CELx diagnostic platform is the commercially ready technology that uses a patient's living tumor cells to identify the specific abnormal cellular process driving a patient's cancer and the targeted therapy that treats it. The company was founded by Brian F. Sullivan and Lance G. Laing in January 2012 and is headquartered in Minneapolis, MN.

CELC (Celcuity Inc.) trades in the Healthcare sector, specifically Biotechnology, with a market capitalization of approximately $4.49B, a beta of 0.16 versus the broader market, a 52-week range of 44.42-151.02, average daily share volume of 1.4M, a public-listing history dating back to 2017, approximately 155 full-time employees. These structural characteristics shape how CELC stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.16 indicates CELC has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure.

What is a cash-secured put on CELC?

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.

CELC snapshot

As of August 14, 2026, spot at $92.11, ATM IV 64.20%, IV rank 14.91%, expected move 18.41%. The cash-secured put on CELC below is built from the August 14, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 35-day expiry.

Why this cash-secured put structure on CELC specifically: CELC IV at 64.20% is on the cheap side of its 1-year range, which means a premium-selling CELC cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 18.41% (roughly $16.95 on the underlying). The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated CELC expiries trade a higher absolute premium for lower per-day decay. Position sizing on CELC should anchor to the underlying notional of $92.11 per share and to the trader's directional view on CELC stock.

CELC cash-secured put setup

The CELC cash-secured put below is built from the August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With CELC at $92.11 on that close, the first option leg uses a $90.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed CELC chain at a 35-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 CELC shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$90.00	$5.65

CELC cash-secured put risk and reward

Net Premium / Debit: +$565.00
Max Profit (per contract): $565.00
Max Loss (per contract): -$8,434.00
Breakeven(s): $84.35
Risk / Reward Ratio: 0.067

Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.

CELC cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on CELC. 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.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	-$8,434.00
$20.37	-77.9%	-$6,397.51
$40.74	-55.8%	-$4,361.02
$61.10	-33.7%	-$2,324.52
$81.47	-11.6%	-$288.03
$101.83	+10.6%	+$565.00
$122.20	+32.7%	+$565.00
$142.56	+54.8%	+$565.00
$162.93	+76.9%	+$565.00
$183.29	+99.0%	+$565.00

When traders use cash-secured put on CELC

Cash-secured puts on CELC earn premium while a trader waits to acquire CELC stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning CELC.

CELC thesis for this cash-secured put

The market-implied 1-standard-deviation range for CELC extends from approximately $75.16 on the downside to $109.06 on the upside. A CELC cash-secured put lets a trader earn premium while waiting to acquire CELC 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 CELC IV rank near 14.91% sits in the lower third of its 1-year distribution, where IV often re-expands toward the mean; this favors premium-buying structures and disadvantages premium-selling structures on CELC at 64.20%. As a Healthcare name, CELC options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to CELC-specific events.

CELC 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. CELC positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move CELC alongside the broader basket even when CELC-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on CELC carry tail risk when realized volatility exceeds the implied move; review historical CELC earnings reactions and macro stress periods before sizing. Always rebuild the position from current CELC chain quotes before placing a trade.

Frequently asked questions

What is a cash-secured put on CELC?: A cash-secured put on CELC is the cash-secured put strategy applied to CELC (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 CELC stock at $92.11 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed CELC chain strike and the premiums come straight from that session's bid/ask midpoint.
How are CELC 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 CELC cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 64.20%), the computed maximum profit is $565.00 per contract and the computed maximum loss is -$8,434.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a CELC cash-secured put?: The breakeven for the CELC cash-secured put priced on this page is roughly $84.35 at expiration, derived from the August 14, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The CELC market-implied 1-standard-deviation expected move in the same options snapshot is approximately 18.41%; 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 CELC?: Cash-secured puts on CELC earn premium while a trader waits to acquire CELC stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning CELC.
How does current CELC implied volatility affect this cash-secured put?: CELC ATM IV is at 64.20% with IV rank near 14.91%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.