CHCT Cash-Secured Put Strategy
CHCT (Community Healthcare Trust Incorporated), in the Real Estate sector, (REIT - Healthcare Facilities industry), listed on NYSE.
Community Healthcare Trust Incorporated is a real estate investment trust. It focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in our target sub-markets throughout the United States. As of December 31, 2025, the Company had investments of approximately 1.2 billion US dollars in 198 real estate properties (including one property with sales-type leases and one property classified as held for sale). The properties are in 36 states, totaling approximately 4.5 million square feet in the aggregate. Community Healthcare Trust Incorporated was incorporated in 2014 in Maryland, USA.
CHCT (Community Healthcare Trust Incorporated) trades in the Real Estate sector, specifically REIT - Healthcare Facilities, with a market capitalization of approximately $430.9M, a trailing P/E of 19.42, a beta of 0.68 versus the broader market, a 52-week range of 13.23-19.165, average daily share volume of 228K, a public-listing history dating back to 2015, approximately 35 full-time employees. These structural characteristics shape how CHCT stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.68 indicates CHCT has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. CHCT pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a cash-secured put on CHCT?
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.
CHCT snapshot
As of August 14, 2026, spot at $15.16, ATM IV 469.10%, IV rank 100.00%, expected move 134.49%. The cash-secured put on CHCT below is built from the 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 CHCT specifically: CHCT IV at 469.10% is rich versus its 1-year range, which favors premium-selling structures like a CHCT cash-secured put, with a market-implied 1-standard-deviation move of approximately 134.49% (roughly $20.39 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 CHCT expiries trade a higher absolute premium for lower per-day decay. Position sizing on CHCT should anchor to the underlying notional of $15.16 per share and to the trader's directional view on CHCT stock.
CHCT cash-secured put setup
The CHCT 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 CHCT at $15.16 on that close, the first option leg uses a $14.40 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed CHCT 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 CHCT shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $14.40 | N/A |
CHCT 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.
CHCT cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on CHCT. 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 CHCT
Cash-secured puts on CHCT earn premium while a trader waits to acquire CHCT stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning CHCT.
CHCT thesis for this cash-secured put
The market-implied 1-standard-deviation range for CHCT extends from approximately $-5.23 on the downside to $35.55 on the upside. A CHCT cash-secured put lets a trader earn premium while waiting to acquire CHCT 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 CHCT IV rank near 100.00% sits in the upper third of its 1-year distribution, which historically reverts; this raises the bar for premium-buying structures and lowers it for premium-selling structures on CHCT at 469.10%. As a Real Estate name, CHCT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to CHCT-specific events.
CHCT 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. CHCT positions also carry Real Estate sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move CHCT alongside the broader basket even when CHCT-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on CHCT carry tail risk when realized volatility exceeds the implied move; review historical CHCT earnings reactions and macro stress periods before sizing. Always rebuild the position from current CHCT chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on CHCT?
- A cash-secured put on CHCT is the cash-secured put strategy applied to CHCT (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 CHCT stock at $15.16 on the most recent close, the strikes shown on this page are snapped to the nearest listed CHCT chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are CHCT 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 CHCT cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 469.10%), 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 CHCT cash-secured put?
- The breakeven for the CHCT cash-secured put priced on this page is no defined breakeven on the modeled curve at expiration, derived from the 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 CHCT market-implied 1-standard-deviation expected move in the same options snapshot is approximately 134.49%; 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 CHCT?
- Cash-secured puts on CHCT earn premium while a trader waits to acquire CHCT stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning CHCT.
- How does current CHCT implied volatility affect this cash-secured put?
- CHCT ATM IV is at 469.10% with IV rank near 100.00%, which is elevated relative to its 1-year range. Premium-selling structures (covered call, cash-secured put, iron condor) generally look more attractive when IV rank is high; premium-buying structures (long call, long put, debit spreads) are more expensive in that regime.