INMD Long 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 $875.4M, a trailing P/E of 11.57, a beta of 1.87 versus the broader market, a 52-week range of 12.72-16.74, average daily share volume of 767K, a public-listing history dating back to 2019, approximately 660 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 1.87 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 11.57 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 long put on INMD?
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.
INMD snapshot
As of August 14, 2026, spot at $15.12, ATM IV 201.90%, IV rank 40.41%, expected move 57.88%. The long put on INMD 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 INMD specifically: INMD IV at 201.90% 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 57.88% (roughly $8.75 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 INMD expiries trade a higher absolute premium for lower per-day decay. Position sizing on INMD should anchor to the underlying notional of $15.12 per share and to the trader's directional view on INMD stock.
INMD long put setup
The INMD 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 INMD at $15.12 on that close, the first option leg uses a $15.12 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 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 INMD shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $15.12 | N/A |
INMD 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.
INMD long put payoff curve
Modeled P&L at expiration across a range of underlying prices for the long 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 long put on INMD
Long puts on INMD hedge an existing long INMD stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying INMD exposure being hedged.
INMD thesis for this long put
The market-implied 1-standard-deviation range for INMD extends from approximately $6.37 on the downside to $23.87 on the upside. A INMD long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long INMD position with one put per 100 shares held. Current INMD IV rank near 40.41% is mid-range against its 1-year distribution, so the IV signal is neutral; the long 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 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. 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. Long-premium structures like a long put on INMD 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 INMD chain quotes before placing a trade.
Frequently asked questions
- What is a long put on INMD?
- A long put on INMD is the long put strategy applied to INMD (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 INMD stock at $15.12 on the most recent close, the strikes shown on this page are snapped to the nearest listed INMD chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are INMD 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 INMD long put priced from the end-of-day chain at a 30-day expiry (ATM IV 201.90%), 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 long put?
- The breakeven for the INMD 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 INMD market-implied 1-standard-deviation expected move in the same options snapshot is approximately 57.88%; 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 INMD?
- Long puts on INMD hedge an existing long INMD stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying INMD exposure being hedged.
- How does current INMD implied volatility affect this long put?
- INMD ATM IV is at 201.90% with IV rank near 40.41%, 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.