HAE Cash-Secured Put Strategy
HAE (Haemonetics Corporation), in the Healthcare sector, (Medical - Instruments & Supplies industry), listed on NYSE.
Haemonetics Corporation is a healthcare enterprise dedicated to providing medical products and comprehensive solutions, structured into three main business areas: Plasma, Blood Center, and Hospital. In its Plasma segment, the company develops automated plasma collection systems, exemplified by the NexSys PCS and PCS2 devices, along with necessary disposables and intravenous solutions. It also offers integrated information technology platforms and the NexLynk DMS donor management system to help plasma customers efficiently manage their donors, operations, and supply chains. The Blood Center division provides advanced automated blood component and manual whole blood collection technologies. This includes MCS brand apheresis equipment for selectively collecting blood components, as well as disposable kits for whole blood collection and storage. Its software offerings feature the SafeTrace Tx blood bank information system and BloodTrack, a sophisticated suite of blood management software and hardware designed to enhance hospital blood bank functionalities and facilitate bedside transfusions.
HAE (Haemonetics Corporation) trades in the Healthcare sector, specifically Medical - Instruments & Supplies, with a market capitalization of approximately $3.51B, a trailing P/E of 36.71, a beta of 0.54 versus the broader market, a 52-week range of 47.32-87.32, average daily share volume of 882K, a public-listing history dating back to 1991, approximately 4K full-time employees. These structural characteristics shape how HAE stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.54 indicates HAE has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. The trailing P/E of 36.71 is on the rich side, which tends to correlate with higher earnings-window IV expansion as the market debates whether forward growth supports the multiple.
What is a cash-secured put on HAE?
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 HAE snapshot
As of June 30, 2026, spot at $75.16, ATM IV 38.10%, IV rank 5.21%, expected move 10.92%. The cash-secured put on HAE 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 199-day expiry.
Why this cash-secured put structure on HAE specifically: HAE IV at 38.10% is on the cheap side of its 1-year range, which means a premium-selling HAE cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 10.92% (roughly $8.21 on the underlying). The 199-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated HAE expiries trade a higher absolute premium for lower per-day decay. Position sizing on HAE should anchor to the underlying notional of $75.16 per share and to the trader's directional view on HAE stock.
HAE cash-secured put setup
The HAE 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 HAE near $75.16, the first option leg uses a $70.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed HAE chain at a 199-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 HAE shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $70.00 | $7.65 |
HAE cash-secured put risk and reward
- Net Premium / Debit
- +$765.00
- Max Profit (per contract)
- $765.00
- Max Loss (per contract)
- -$6,234.00
- Breakeven(s)
- $62.35
- Risk / Reward Ratio
- 0.123
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
HAE cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on HAE. 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% | -$6,234.00 |
| $16.63 | -77.9% | -$4,572.28 |
| $33.24 | -55.8% | -$2,910.56 |
| $49.86 | -33.7% | -$1,248.84 |
| $66.48 | -11.6% | +$412.87 |
| $83.10 | +10.6% | +$765.00 |
| $99.71 | +32.7% | +$765.00 |
| $116.33 | +54.8% | +$765.00 |
| $132.95 | +76.9% | +$765.00 |
| $149.56 | +99.0% | +$765.00 |
When traders use cash-secured put on HAE
Cash-secured puts on HAE earn premium while a trader waits to acquire HAE stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning HAE.
HAE thesis for this cash-secured put
The market-implied 1-standard-deviation range for HAE extends from approximately $66.95 on the downside to $83.37 on the upside. A HAE cash-secured put lets a trader earn premium while waiting to acquire HAE 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 HAE IV rank near 5.21% 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 HAE at 38.10%. As a Healthcare name, HAE options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to HAE-specific events.
HAE 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. HAE positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move HAE alongside the broader basket even when HAE-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on HAE carry tail risk when realized volatility exceeds the implied move; review historical HAE earnings reactions and macro stress periods before sizing. Always rebuild the position from current HAE chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on HAE?
- A cash-secured put on HAE is the cash-secured put strategy applied to HAE (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 HAE stock trading near $75.16, the strikes shown on this page are snapped to the nearest listed HAE chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are HAE 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 HAE cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 38.10%), the computed maximum profit is $765.00 per contract and the computed maximum loss is -$6,234.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a HAE cash-secured put?
- The breakeven for the HAE cash-secured put priced on this page is roughly $62.35 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 HAE market-implied 1-standard-deviation expected move is approximately 10.92%; 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 HAE?
- Cash-secured puts on HAE earn premium while a trader waits to acquire HAE stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning HAE.
- How does current HAE implied volatility affect this cash-secured put?
- HAE ATM IV is at 38.10% with IV rank near 5.21%, 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.