LTH Cash-Secured Put Strategy
LTH (Life Time Group Holdings, Inc.), in the Consumer Cyclical sector, (Leisure industry), listed on NYSE.
Life Time Group Holdings, Inc. (LTH) delivers extensive health, fitness, and well-being experiences to its individual clientele throughout the United States and Canada. The company's primary business involves the design, construction, and operation of upscale, resort-inspired centers, which integrate facilities for sports, athletics, professional fitness, family recreation, and spa services. These establishments are predominantly situated in urban and suburban areas within major metropolitan regions. Inside these comprehensive centers, members can access fully equipped exercise areas, private locker rooms, a variety of group fitness studios, both indoor and outdoor swimming pools, on-site dining options such as bistros and LifeCafe, and athletic courts for tennis and basketball. Additional amenities include LifeSpa services and dedicated childcare along with Kids Academy educational programs. Furthermore, Life Time extends its reach digitally through Life Time Digital, offering live-streamed workout sessions, remote personal training tailored to individual goals, nutritional and weight management guidance, and a rich library of expert-curated health and wellness content.
LTH (Life Time Group Holdings, Inc.) trades in the Consumer Cyclical sector, specifically Leisure, with a market capitalization of approximately $9.79B, a trailing P/E of 23.47, a beta of 1.50 versus the broader market, a 52-week range of 24.14-47.235, average daily share volume of 2.9M, a public-listing history dating back to 2021, approximately 52K full-time employees. These structural characteristics shape how LTH stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.50 indicates LTH 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 LTH?
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.
LTH snapshot
As of August 14, 2026, spot at $45.08, ATM IV 44.30%, IV rank 36.66%, expected move 12.70%. The cash-secured put on LTH 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 LTH specifically: LTH IV at 44.30% is mid-range versus its 1-year history, so the credit collected on a LTH cash-secured put sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 12.70% (roughly $5.73 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 LTH expiries trade a higher absolute premium for lower per-day decay. Position sizing on LTH should anchor to the underlying notional of $45.08 per share and to the trader's directional view on LTH stock.
LTH cash-secured put setup
The LTH 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 LTH at $45.08 on that close, the first option leg uses a $42.83 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed LTH 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 LTH shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $42.83 | N/A |
LTH 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.
LTH cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on LTH. 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 LTH
Cash-secured puts on LTH earn premium while a trader waits to acquire LTH stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning LTH.
LTH thesis for this cash-secured put
The market-implied 1-standard-deviation range for LTH extends from approximately $39.35 on the downside to $50.81 on the upside. A LTH cash-secured put lets a trader earn premium while waiting to acquire LTH 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 LTH IV rank near 36.66% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put thesis on LTH should anchor more to the directional view and the expected-move geometry. As a Consumer Cyclical name, LTH options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to LTH-specific events.
LTH 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. LTH positions also carry Consumer Cyclical sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move LTH alongside the broader basket even when LTH-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on LTH carry tail risk when realized volatility exceeds the implied move; review historical LTH earnings reactions and macro stress periods before sizing. Always rebuild the position from current LTH chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on LTH?
- A cash-secured put on LTH is the cash-secured put strategy applied to LTH (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 LTH stock at $45.08 on the most recent close, the strikes shown on this page are snapped to the nearest listed LTH chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are LTH 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 LTH cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 44.30%), 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 LTH cash-secured put?
- The breakeven for the LTH 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 LTH market-implied 1-standard-deviation expected move in the same options snapshot is approximately 12.70%; 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 LTH?
- Cash-secured puts on LTH earn premium while a trader waits to acquire LTH stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning LTH.
- How does current LTH implied volatility affect this cash-secured put?
- LTH ATM IV is at 44.30% with IV rank near 36.66%, 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.