HSDT Long Put Strategy

HSDT (Solana Company), in the Healthcare sector, (Medical - Devices industry), listed on NASDAQ.

Solana Co. is a medical device firm specializing in neurotechnology, dedicated to improving neurological wellness. The company's strategy involves developing, licensing, and acquiring innovative, non-invasive platform technologies. These technologies are designed to enhance the brain's intrinsic capacity for self-healing and mitigate the effects of neurological diseases or trauma. A prime example of their work is the development of an investigational portable neuromodulation stimulator. This device uniquely delivers neurostimulation through the tongue. Clinical studies have indicated that this approach significantly enhances the efficacy of physical exercises for individuals experiencing neurological symptoms stemming from conditions like disease or trauma, including mild-to-moderate traumatic brain injury.

HSDT (Solana Company) trades in the Healthcare sector, specifically Medical - Devices, with a market capitalization of approximately $99.3M, a beta of 1.01 versus the broader market, a 52-week range of 1.185-25.5, average daily share volume of 271K, a public-listing history dating back to 2014, approximately 21 full-time employees. These structural characteristics shape how HSDT stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.01 places HSDT roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.

What is a long put on HSDT?

A long put buys downside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes below the strike minus premium at expiration.

HSDT snapshot

As of August 14, 2026, spot at $1.74, ATM IV 232.20%, IV rank 55.60%, expected move 66.57%. The long put on HSDT 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 long put structure on HSDT specifically: HSDT IV at 232.20% is mid-range versus its 1-year history, so strategy selection should anchor more to the directional thesis than to the IV regime, with a market-implied 1-standard-deviation move of approximately 66.57% (roughly $1.16 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 HSDT expiries trade a higher absolute premium for lower per-day decay. Position sizing on HSDT should anchor to the underlying notional of $1.74 per share and to the trader's directional view on HSDT stock.

HSDT long put setup

The HSDT long 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 HSDT at $1.74 on that close, the first option leg uses a $1.74 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed HSDT 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 HSDT shares for the stock leg in covered calls and collars).

ActionTypeStrike / BasisPremium (est)
Buy 1Put$1.74N/A

HSDT long 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 the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium.

HSDT long put payoff curve

Modeled P&L at expiration across a range of underlying prices for the long put on HSDT. 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 long put on HSDT

Long puts on HSDT hedge an existing long HSDT stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying HSDT exposure being hedged.

HSDT thesis for this long put

The market-implied 1-standard-deviation range for HSDT extends from approximately $0.58 on the downside to $2.90 on the upside. A HSDT long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long HSDT position with one put per 100 shares held. Current HSDT IV rank near 55.60% is mid-range against its 1-year distribution, so the IV signal is neutral; the long put thesis on HSDT should anchor more to the directional view and the expected-move geometry. As a Healthcare name, HSDT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to HSDT-specific events.

HSDT long put positions are structurally bearish; 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. HSDT positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move HSDT alongside the broader basket even when HSDT-specific fundamentals are unchanged. Long-premium structures like a long put on HSDT are particularly exposed to IV-crush risk through scheduled events (earnings, FDA decisions, central-bank meetings) where IV typically contracts post-event regardless of the directional outcome. Always rebuild the position from current HSDT chain quotes before placing a trade.

Frequently asked questions

What is a long put on HSDT?
A long put on HSDT is the long put strategy applied to HSDT (stock). The strategy is structurally bearish: A long put buys downside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes below the strike minus premium at expiration. With HSDT stock at $1.74 on the most recent close, the strikes shown on this page are snapped to the nearest listed HSDT chain strike and the premiums come straight from that session's bid/ask midpoint.
How are HSDT long put max profit and max loss calculated?
Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium. For the HSDT long put priced from the end-of-day chain at a 30-day expiry (ATM IV 232.20%), 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 HSDT long put?
The breakeven for the HSDT long 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 HSDT market-implied 1-standard-deviation expected move in the same options snapshot is approximately 66.57%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a long put on HSDT?
Long puts on HSDT hedge an existing long HSDT stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying HSDT exposure being hedged.
How does current HSDT implied volatility affect this long put?
HSDT ATM IV is at 232.20% with IV rank near 55.60%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.

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