IMDX Bear Put Spread Strategy
IMDX (Insight Molecular Diagnostics Inc.), in the Healthcare sector, (Medical - Diagnostics & Research industry), listed on NASDAQ.
OncoCyte Corporation functions as a molecular diagnostics firm specializing in the research, development, and market introduction of distinctive, laboratory-developed tests aimed at cancer identification. Its operations span both the United States and international territories. The company's key offerings include DetermaRx, a molecular diagnostic tool tailored for detecting early-stage adenocarcinoma of the lung, and DetermaIO, a proprietary gene expression analysis. Additionally, OncoCyte provides a range of expert services, such as biomarker discovery, assay design and refinement, and clinical trial assistance, which encompass offering various biomarker tests to pharmaceutical partners. A strategic partnership with Life Technologies Corporation focuses on the collaborative development and commercialization of the Oncomine Comprehensive Assay Plus and Determa IO assay, intended for integration with the Ion Torrent Genexus integrated sequencer and purification system. OncoCyte Corporation was founded in 2009 and maintains its principal office in Irvine, California.
IMDX (Insight Molecular Diagnostics Inc.) trades in the Healthcare sector, specifically Medical - Diagnostics & Research, with a market capitalization of approximately $139.5M, a beta of 1.82 versus the broader market, a 52-week range of 2.33-8.51, average daily share volume of 323K, a public-listing history dating back to 2015, approximately 57 full-time employees. These structural characteristics shape how IMDX stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.82 indicates IMDX 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 bear put spread on IMDX?
A bear put spread buys an at-the-money put and sells an out-of-the-money put at a lower strike for defined risk and defined reward bounded by the strike width.
IMDX snapshot
As of August 14, 2026, spot at $4.27, ATM IV 114.80%, IV rank 23.51%, expected move 32.91%. The bear put spread on IMDX 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 bear put spread structure on IMDX specifically: IMDX IV at 114.80% is on the cheap side of its 1-year range, which favors premium-buying structures like a IMDX bear put spread, with a market-implied 1-standard-deviation move of approximately 32.91% (roughly $1.41 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 IMDX expiries trade a higher absolute premium for lower per-day decay. Position sizing on IMDX should anchor to the underlying notional of $4.27 per share and to the trader's directional view on IMDX stock.
IMDX bear put spread setup
The IMDX bear put spread below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With IMDX at $4.27 on that close, the first option leg uses a $4.27 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed IMDX 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 IMDX shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $4.27 | N/A |
| Sell 1 | Put | $4.06 | N/A |
IMDX bear put spread 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 strike width minus net debit times 100; max loss equals net debit times 100. Breakeven is long-put strike minus net debit.
IMDX bear put spread payoff curve
Modeled P&L at expiration across a range of underlying prices for the bear put spread on IMDX. 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 bear put spread on IMDX
Bear put spreads on IMDX reduce the cost of a bearish IMDX stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.
IMDX thesis for this bear put spread
The market-implied 1-standard-deviation range for IMDX extends from approximately $2.86 on the downside to $5.68 on the upside. A IMDX bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on IMDX, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current IMDX IV rank near 23.51% 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 IMDX at 114.80%. As a Healthcare name, IMDX options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to IMDX-specific events.
IMDX bear put spread positions are structurally moderately 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. IMDX positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move IMDX alongside the broader basket even when IMDX-specific fundamentals are unchanged. Long-premium structures like a bear put spread on IMDX 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 IMDX chain quotes before placing a trade.
Frequently asked questions
- What is a bear put spread on IMDX?
- A bear put spread on IMDX is the bear put spread strategy applied to IMDX (stock). The strategy is structurally moderately bearish: A bear put spread buys an at-the-money put and sells an out-of-the-money put at a lower strike for defined risk and defined reward bounded by the strike width. With IMDX stock at $4.27 on the most recent close, the strikes shown on this page are snapped to the nearest listed IMDX chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are IMDX bear put spread max profit and max loss calculated?
- Max profit equals strike width minus net debit times 100; max loss equals net debit times 100. Breakeven is long-put strike minus net debit. For the IMDX bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 114.80%), 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 IMDX bear put spread?
- The breakeven for the IMDX bear put spread 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 IMDX market-implied 1-standard-deviation expected move in the same options snapshot is approximately 32.91%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a bear put spread on IMDX?
- Bear put spreads on IMDX reduce the cost of a bearish IMDX stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.
- How does current IMDX implied volatility affect this bear put spread?
- IMDX ATM IV is at 114.80% with IV rank near 23.51%, 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.