INMD Cash-Secured Put Strategy
INMD (InMode Ltd.), in the Healthcare sector, (Medical - Devices industry), listed on NASDAQ.
InMode Ltd. is a medical technology company that engineers, produces, and commercializes aesthetic medical devices globally, including within the United States. The firm's product portfolio is extensive, covering both less-invasive and non-surgical solutions. A core focus lies in their minimally invasive offerings, which leverage exclusive radiofrequency-assisted lipolysis (RFAL) and deep subdermal fractional radiofrequency technologies. These advanced devices facilitate a range of procedures, such as liposuction with concurrent skin firming, body and facial sculpting, intensive skin resurfacing treatments, and various women's health-related aesthetic interventions. Beyond these, InMode also provides non-invasive medical aesthetic products designed to address numerous cosmetic concerns. These include lasting hair removal, facial skin revitalization, the reduction of wrinkles, cellulite improvement, enhancing overall dermal quality and texture, and treating minor vascular and pigmented skin imperfections.
INMD (InMode Ltd.) trades in the Healthcare sector, specifically Medical - Devices, with a market capitalization of approximately $840.9M, a trailing P/E of 10.64, a beta of 1.93 versus the broader market, a 52-week range of 12.72-16.74, average daily share volume of 847K, a public-listing history dating back to 2019, approximately 599 full-time employees. These structural characteristics shape how INMD stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.93 indicates INMD has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. The trailing P/E of 10.64 is on the value side, where IV often compresses outside event windows because forward growth expectations are already discounted into the share price.
What is a cash-secured put on INMD?
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 INMD snapshot
As of June 30, 2026, spot at $14.60, ATM IV 328.20%, IV rank 65.82%, expected move 94.09%. The cash-secured put on INMD 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 17-day expiry.
Why this cash-secured put structure on INMD specifically: INMD IV at 328.20% is mid-range versus its 1-year history, so the credit collected on a INMD cash-secured put sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 94.09% (roughly $13.74 on the underlying). The 17-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated INMD expiries trade a higher absolute premium for lower per-day decay. Position sizing on INMD should anchor to the underlying notional of $14.60 per share and to the trader's directional view on INMD stock.
INMD cash-secured put setup
The INMD 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 INMD near $14.60, the first option leg uses a $13.87 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed INMD chain at a 17-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 INMD shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $13.87 | N/A |
INMD 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.
INMD cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on INMD. 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 INMD
Cash-secured puts on INMD earn premium while a trader waits to acquire INMD stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning INMD.
INMD thesis for this cash-secured put
The market-implied 1-standard-deviation range for INMD extends from approximately $0.86 on the downside to $28.34 on the upside. A INMD cash-secured put lets a trader earn premium while waiting to acquire INMD 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 INMD IV rank near 65.82% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put thesis on INMD should anchor more to the directional view and the expected-move geometry. As a Healthcare name, INMD options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to INMD-specific events.
INMD 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. INMD positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move INMD alongside the broader basket even when INMD-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on INMD carry tail risk when realized volatility exceeds the implied move; review historical INMD earnings reactions and macro stress periods before sizing. Always rebuild the position from current INMD chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on INMD?
- A cash-secured put on INMD is the cash-secured put strategy applied to INMD (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 INMD stock trading near $14.60, the strikes shown on this page are snapped to the nearest listed INMD chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are INMD 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 INMD cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 328.20%), 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 INMD cash-secured put?
- The breakeven for the INMD 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 INMD market-implied 1-standard-deviation expected move is approximately 94.09%; 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 INMD?
- Cash-secured puts on INMD earn premium while a trader waits to acquire INMD stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning INMD.
- How does current INMD implied volatility affect this cash-secured put?
- INMD ATM IV is at 328.20% with IV rank near 65.82%, 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.