DNTH Cash-Secured Put Strategy
DNTH (Dianthus Therapeutics, Inc.), in the Healthcare sector, (Biotechnology industry), listed on NASDAQ.
Dianthus Therapeutics, Inc. operates as a clinical-stage biotechnology company that designs, develops, and delivers novel monoclonal antibodies for people living with severe autoimmune and inflammatory diseases. It develops DNTH103 that is in phase 1 clinical trails in patients with generalized myasthenia gravis, multifocal motor neuropathy, and chronic inflammatory demyelinating polyneuropathy. Dianthus Therapeutics, Inc. was incorporated in 2015 and is based in New York, New York.
DNTH (Dianthus Therapeutics, Inc.) trades in the Healthcare sector, specifically Biotechnology, with a market capitalization of approximately $3.58B, a beta of 0.09 versus the broader market, a 52-week range of 16.64-96.5, average daily share volume of 958K, a public-listing history dating back to 2018, approximately 78 full-time employees. These structural characteristics shape how DNTH stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.09 indicates DNTH 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 DNTH?
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 DNTH snapshot
As of May 15, 2026, spot at $86.15, ATM IV 57.70%, IV rank 2.26%, expected move 16.54%. The cash-secured put on DNTH 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 98-day expiry.
Why this cash-secured put structure on DNTH specifically: DNTH IV at 57.70% is on the cheap side of its 1-year range, which means a premium-selling DNTH cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 16.54% (roughly $14.25 on the underlying). The 98-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated DNTH expiries trade a higher absolute premium for lower per-day decay. Position sizing on DNTH should anchor to the underlying notional of $86.15 per share and to the trader's directional view on DNTH stock.
DNTH cash-secured put setup
The DNTH 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 DNTH near $86.15, the first option leg uses a $80.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed DNTH chain at a 98-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 DNTH shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $80.00 | $9.65 |
DNTH cash-secured put risk and reward
- Net Premium / Debit
- +$965.00
- Max Profit (per contract)
- $965.00
- Max Loss (per contract)
- -$7,034.00
- Breakeven(s)
- $70.35
- Risk / Reward Ratio
- 0.137
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
DNTH cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on DNTH. 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.
| Underlying Price | % From Spot | P&L at Expiration |
|---|---|---|
| $0.01 | -100.0% | -$7,034.00 |
| $19.06 | -77.9% | -$5,129.29 |
| $38.10 | -55.8% | -$3,224.57 |
| $57.15 | -33.7% | -$1,319.86 |
| $76.20 | -11.6% | +$584.85 |
| $95.25 | +10.6% | +$965.00 |
| $114.29 | +32.7% | +$965.00 |
| $133.34 | +54.8% | +$965.00 |
| $152.39 | +76.9% | +$965.00 |
| $171.43 | +99.0% | +$965.00 |
When traders use cash-secured put on DNTH
Cash-secured puts on DNTH earn premium while a trader waits to acquire DNTH stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning DNTH.
DNTH thesis for this cash-secured put
The market-implied 1-standard-deviation range for DNTH extends from approximately $71.90 on the downside to $100.40 on the upside. A DNTH cash-secured put lets a trader earn premium while waiting to acquire DNTH 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 DNTH IV rank near 2.26% 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 DNTH at 57.70%. As a Healthcare name, DNTH options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to DNTH-specific events.
DNTH 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. DNTH positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move DNTH alongside the broader basket even when DNTH-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on DNTH carry tail risk when realized volatility exceeds the implied move; review historical DNTH earnings reactions and macro stress periods before sizing. Always rebuild the position from current DNTH chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on DNTH?
- A cash-secured put on DNTH is the cash-secured put strategy applied to DNTH (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 DNTH stock trading near $86.15, the strikes shown on this page are snapped to the nearest listed DNTH chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are DNTH 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 DNTH cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 57.70%), the computed maximum profit is $965.00 per contract and the computed maximum loss is -$7,034.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a DNTH cash-secured put?
- The breakeven for the DNTH cash-secured put priced on this page is roughly $70.35 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 DNTH market-implied 1-standard-deviation expected move is approximately 16.54%; 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 DNTH?
- Cash-secured puts on DNTH earn premium while a trader waits to acquire DNTH stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning DNTH.
- How does current DNTH implied volatility affect this cash-secured put?
- DNTH ATM IV is at 57.70% with IV rank near 2.26%, 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.