LTH Long 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 long put on LTH?
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.
LTH snapshot
As of August 14, 2026, spot at $45.08, ATM IV 44.30%, IV rank 36.66%, expected move 12.70%. The long 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 long put structure on LTH specifically: LTH IV at 44.30% 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 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 long put setup
The LTH 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 LTH at $45.08 on that close, the first option leg uses a $45.08 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) |
|---|---|---|---|
| Buy 1 | Put | $45.08 | N/A |
LTH 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.
LTH long put payoff curve
Modeled P&L at expiration across a range of underlying prices for the long 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 long put on LTH
Long puts on LTH hedge an existing long LTH stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying LTH exposure being hedged.
LTH thesis for this long 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 long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long LTH position with one put per 100 shares held. Current LTH IV rank near 36.66% is mid-range against its 1-year distribution, so the IV signal is neutral; the long 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 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. 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. Long-premium structures like a long put on LTH 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 LTH chain quotes before placing a trade.
Frequently asked questions
- What is a long put on LTH?
- A long put on LTH is the long put strategy applied to LTH (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 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 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 LTH long 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 long put?
- The breakeven for the LTH 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 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 long put on LTH?
- Long puts on LTH hedge an existing long LTH stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying LTH exposure being hedged.
- How does current LTH implied volatility affect this long 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.