CVRX Cash-Secured Put Strategy
CVRX (CVRx, Inc.), in the Healthcare sector, (Medical - Devices industry), listed on NASDAQ.
CVRx, Inc. is a commercial-stage medical technology company focused on innovating, producing, and bringing to market neuromodulation solutions designed for individuals battling cardiovascular diseases. Its principal offering, Barostim, is an advanced neuromodulation device specifically indicated to ameliorate symptoms for patients diagnosed with heart failure characterized by reduced ejection fraction, often referred to as systolic heart failure. The company employs a diverse distribution strategy, leveraging its internal sales force, alongside sales agents and independent distributors, to reach markets across the United States, Germany, the wider European continent, and other global territories. Incorporated in 2000, CVRx, Inc. is headquartered in Minneapolis, Minnesota.
CVRX (CVRx, Inc.) trades in the Healthcare sector, specifically Medical - Devices, with a market capitalization of approximately $72.4M, a beta of 0.82 versus the broader market, a 52-week range of 2.2-11.3, average daily share volume of 458K, a public-listing history dating back to 2021, approximately 223 full-time employees. These structural characteristics shape how CVRX stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.82 places CVRX 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 CVRX?
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.
CVRX snapshot
As of August 14, 2026, spot at $3.12, ATM IV 92.00%, IV rank 15.44%, expected move 26.38%. The cash-secured put on CVRX 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 CVRX specifically: CVRX IV at 92.00% is on the cheap side of its 1-year range, which means a premium-selling CVRX cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 26.38% (roughly $0.82 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 CVRX expiries trade a higher absolute premium for lower per-day decay. Position sizing on CVRX should anchor to the underlying notional of $3.12 per share and to the trader's directional view on CVRX stock.
CVRX cash-secured put setup
The CVRX 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 CVRX at $3.12 on that close, the first option leg uses a $2.96 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed CVRX 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 CVRX shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $2.96 | N/A |
CVRX 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.
CVRX cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on CVRX. 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 CVRX
Cash-secured puts on CVRX earn premium while a trader waits to acquire CVRX stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning CVRX.
CVRX thesis for this cash-secured put
The market-implied 1-standard-deviation range for CVRX extends from approximately $2.30 on the downside to $3.94 on the upside. A CVRX cash-secured put lets a trader earn premium while waiting to acquire CVRX 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 CVRX IV rank near 15.44% 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 CVRX at 92.00%. As a Healthcare name, CVRX options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to CVRX-specific events.
CVRX 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. CVRX positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move CVRX alongside the broader basket even when CVRX-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on CVRX carry tail risk when realized volatility exceeds the implied move; review historical CVRX earnings reactions and macro stress periods before sizing. Always rebuild the position from current CVRX chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on CVRX?
- A cash-secured put on CVRX is the cash-secured put strategy applied to CVRX (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 CVRX stock at $3.12 on the most recent close, the strikes shown on this page are snapped to the nearest listed CVRX chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are CVRX 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 CVRX cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 92.00%), 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 CVRX cash-secured put?
- The breakeven for the CVRX 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 CVRX market-implied 1-standard-deviation expected move in the same options snapshot is approximately 26.38%; 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 CVRX?
- Cash-secured puts on CVRX earn premium while a trader waits to acquire CVRX stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning CVRX.
- How does current CVRX implied volatility affect this cash-secured put?
- CVRX ATM IV is at 92.00% with IV rank near 15.44%, 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.