LNTH Cash-Secured Put Strategy
LNTH (Lantheus Holdings, Inc.), in the Healthcare sector, (Drug Manufacturers - Specialty & Generic industry), listed on NASDAQ.
Lantheus Holdings, Inc. develops, manufactures, and commercializes diagnostic and therapeutic products that assist clinicians in the diagnosis and treatment of heart, cancer, and other diseases worldwide. It provides DEFINITY, a microbubble ultrasound enhancing agent used in ultrasound exams of the heart; TechneLite, a technetium generator for nuclear medicine; Xenon-133 to assess pulmonary function; Neurolite to identify the area within the brain where blood flow has been blocked or reduced due to stroke; Cardiolite, an injectable Tc-99m-labeled imaging agent; Thallium-201 to detect cardiovascular disease; and Gallium-67 to detect various infections and cancerous tumors. The company also offers AZEDRA, a radiotherapeutic to treat adult and pediatric patients; Automated Bone Scan Index that calculates the disease burden of prostate cancer by quantifying the hotspots on bone scans; and Cobalt (Co 57), a non-pharmaceutical radiochemical; RELISTOR for opioid-induced constipation; and PYLARIFY for visualization of lymph nodes, bone, and soft tissue metastases to determine the presence or absence of recurrent and/or metastatic prostate cancer. It also develops flurpiridaz F 18 to assess blood flow to the heart; 1095, a PSMA-targeted iodine-131 labeled small molecule; LMI 1195 for neuroblastoma tumors in pediatric and adults; PYLARIFY AI, an AI-based medical device software to perform standardized quantitative assessment of PSMA PET/CT images in prostate cancer; and leronlimab, an investigational humanized monoclonal antibody. The company serves radio pharmacies, distributors, integrated delivery networks, hospitals, clinics, and group practices. It has strategic partnerships with NanoMab Technology Limited; Bausch Health Companies, Inc.; GE Healthcare Limited; Curium; Bayer AG; CytoDyn Inc.; ROTOP; FUJIFILM; Regeneron Pharmaceuticals, Inc.; and POINT Biopharma US Inc.
LNTH (Lantheus Holdings, Inc.) trades in the Healthcare sector, specifically Drug Manufacturers - Specialty & Generic, with a market capitalization of approximately $6.28B, a trailing P/E of 22.38, a beta of -0.08 versus the broader market, a 52-week range of 47.25-98.27, average daily share volume of 974K, a public-listing history dating back to 2015, approximately 808 full-time employees. These structural characteristics shape how LNTH stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of -0.08 indicates LNTH has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure.
What is a cash-secured put on LNTH?
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 LNTH snapshot
As of May 14, 2026, spot at $95.98, ATM IV 33.30%, IV rank 1.02%, expected move 9.55%. The cash-secured put on LNTH 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 63-day expiry.
Why this cash-secured put structure on LNTH specifically: LNTH IV at 33.30% is on the cheap side of its 1-year range, which means a premium-selling LNTH cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 9.55% (roughly $9.16 on the underlying). The 63-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated LNTH expiries trade a higher absolute premium for lower per-day decay. Position sizing on LNTH should anchor to the underlying notional of $95.98 per share and to the trader's directional view on LNTH stock.
LNTH cash-secured put setup
The LNTH 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 LNTH near $95.98, the first option leg uses a $90.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed LNTH chain at a 63-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 LNTH shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $90.00 | $4.15 |
LNTH cash-secured put risk and reward
- Net Premium / Debit
- +$415.00
- Max Profit (per contract)
- $415.00
- Max Loss (per contract)
- -$8,584.00
- Breakeven(s)
- $85.85
- Risk / Reward Ratio
- 0.048
Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.
LNTH cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on LNTH. 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.
| Underlying Price | % From Spot | P&L at Expiration |
|---|---|---|
| $0.01 | -100.0% | -$8,584.00 |
| $21.23 | -77.9% | -$6,461.94 |
| $42.45 | -55.8% | -$4,339.88 |
| $63.67 | -33.7% | -$2,217.82 |
| $84.89 | -11.6% | -$95.76 |
| $106.11 | +10.6% | +$415.00 |
| $127.33 | +32.7% | +$415.00 |
| $148.55 | +54.8% | +$415.00 |
| $169.77 | +76.9% | +$415.00 |
| $191.00 | +99.0% | +$415.00 |
When traders use cash-secured put on LNTH
Cash-secured puts on LNTH earn premium while a trader waits to acquire LNTH stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning LNTH.
LNTH thesis for this cash-secured put
The market-implied 1-standard-deviation range for LNTH extends from approximately $86.82 on the downside to $105.14 on the upside. A LNTH cash-secured put lets a trader earn premium while waiting to acquire LNTH 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 LNTH IV rank near 1.02% 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 LNTH at 33.30%. As a Healthcare name, LNTH options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to LNTH-specific events.
LNTH 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. LNTH positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move LNTH alongside the broader basket even when LNTH-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on LNTH carry tail risk when realized volatility exceeds the implied move; review historical LNTH earnings reactions and macro stress periods before sizing. Always rebuild the position from current LNTH chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on LNTH?
- A cash-secured put on LNTH is the cash-secured put strategy applied to LNTH (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 LNTH stock trading near $95.98, the strikes shown on this page are snapped to the nearest listed LNTH chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are LNTH 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 LNTH cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 33.30%), the computed maximum profit is $415.00 per contract and the computed maximum loss is -$8,584.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a LNTH cash-secured put?
- The breakeven for the LNTH cash-secured put priced on this page is roughly $85.85 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 LNTH market-implied 1-standard-deviation expected move is approximately 9.55%; 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 LNTH?
- Cash-secured puts on LNTH earn premium while a trader waits to acquire LNTH stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning LNTH.
- How does current LNTH implied volatility affect this cash-secured put?
- LNTH ATM IV is at 33.30% with IV rank near 1.02%, 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.