IMDX Cash-Secured Put 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 $145.3M, a beta of 1.82 versus the broader market, a 52-week range of 2.33-8.51, average daily share volume of 318K, 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 cash-secured put on IMDX?

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.

IMDX snapshot

As of August 14, 2026, spot at $4.27, ATM IV 114.80%, IV rank 23.51%, expected move 32.91%. The cash-secured put 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 cash-secured put structure on IMDX specifically: IMDX IV at 114.80% is on the cheap side of its 1-year range, which means a premium-selling IMDX cash-secured put collects less credit per unit of strike-width risk, 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 cash-secured put setup

The IMDX 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 IMDX at $4.27 on that close, the first option leg uses a $4.06 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).

ActionTypeStrike / BasisPremium (est)
Sell 1Put$4.06N/A

IMDX 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.

IMDX cash-secured put payoff curve

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

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

IMDX thesis for this cash-secured put

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 cash-secured put lets a trader earn premium while waiting to acquire IMDX 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 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 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. 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. Short-premium structures like a cash-secured put on IMDX carry tail risk when realized volatility exceeds the implied move; review historical IMDX earnings reactions and macro stress periods before sizing. Always rebuild the position from current IMDX chain quotes before placing a trade.

Frequently asked questions

What is a cash-secured put on IMDX?
A cash-secured put on IMDX is the cash-secured put strategy applied to IMDX (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 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 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 IMDX cash-secured put 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 cash-secured put?
The breakeven for the IMDX cash-secured 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 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 cash-secured put on IMDX?
Cash-secured puts on IMDX earn premium while a trader waits to acquire IMDX stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning IMDX.
How does current IMDX implied volatility affect this cash-secured put?
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.

Related IMDX analysis