HTFL Cash-Secured Put Strategy

HTFL (Heartflow, Inc. Common Stock), in the Healthcare sector, (Medical - Healthcare Information Services industry), listed on NASDAQ.

HeartFlow, Inc. operates as a global medical technology firm, specializing in providing non-surgical solutions for the diagnosis and ongoing management of coronary artery disease. Its innovative HeartFlow Platform employs artificial intelligence and advanced computational fluid dynamics to generate a unique, three-dimensional digital replica of a patient's heart. This intricate model is created from a single coronary computed tomography angiography (CCTA), which is a specialized scan designed to produce highly detailed images of the heart's arterial network. The platform offers vital insights into aspects like blood flow, the extent of arterial narrowing (stenosis), and the volume and composition of any plaque present, thereby overcoming the limitations typically associated with traditional non-invasive imaging techniques. Founded in 2007, the company is headquartered in Mountain View, California.

HTFL (Heartflow, Inc. Common Stock) trades in the Healthcare sector, specifically Medical - Healthcare Information Services, with a market capitalization of approximately $3.07B, a beta of 1.91 versus the broader market, a 52-week range of 20.13-41.223, average daily share volume of 1.4M, a public-listing history dating back to 2025, approximately 626 full-time employees. These structural characteristics shape how HTFL stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.91 indicates HTFL has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position.

What is a cash-secured put on HTFL?

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 HTFL snapshot

As of June 29, 2026, spot at $35.19, ATM IV 69.30%, expected move 19.87%. The cash-secured put on HTFL 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 18-day expiry.

Why this cash-secured put structure on HTFL specifically: IV rank is unavailable in the current snapshot, so regime-based timing for HTFL is inferred from ATM IV at 69.30% alone, with a market-implied 1-standard-deviation move of approximately 19.87% (roughly $6.99 on the underlying). The 18-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated HTFL expiries trade a higher absolute premium for lower per-day decay. Position sizing on HTFL should anchor to the underlying notional of $35.19 per share and to the trader's directional view on HTFL stock.

HTFL cash-secured put setup

The HTFL 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 HTFL near $35.19, the first option leg uses a $33.43 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed HTFL chain at a 18-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 HTFL shares for the stock leg in covered calls and collars).

ActionTypeStrike / BasisPremium (est)
Sell 1Put$33.43N/A

HTFL 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.

HTFL cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on HTFL. 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 HTFL

Cash-secured puts on HTFL earn premium while a trader waits to acquire HTFL stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning HTFL.

HTFL thesis for this cash-secured put

The market-implied 1-standard-deviation range for HTFL extends from approximately $28.20 on the downside to $42.18 on the upside. A HTFL cash-secured put lets a trader earn premium while waiting to acquire HTFL 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. As a Healthcare name, HTFL options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to HTFL-specific events.

HTFL 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. HTFL positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move HTFL alongside the broader basket even when HTFL-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on HTFL carry tail risk when realized volatility exceeds the implied move; review historical HTFL earnings reactions and macro stress periods before sizing. Always rebuild the position from current HTFL chain quotes before placing a trade.

Frequently asked questions

What is a cash-secured put on HTFL?
A cash-secured put on HTFL is the cash-secured put strategy applied to HTFL (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 HTFL stock trading near $35.19, the strikes shown on this page are snapped to the nearest listed HTFL chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are HTFL 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 HTFL cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 69.30%), 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 HTFL cash-secured put?
The breakeven for the HTFL cash-secured put priced on this page is no defined breakeven on the modeled curve 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 HTFL market-implied 1-standard-deviation expected move is approximately 19.87%; 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 HTFL?
Cash-secured puts on HTFL earn premium while a trader waits to acquire HTFL stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning HTFL.
How does current HTFL implied volatility affect this cash-secured put?
Current HTFL ATM IV is 69.30%; IV rank context is unavailable in the current snapshot.

Related HTFL analysis