MDXG Bear Put Spread Strategy
MDXG (MiMedx Group, Inc.), in the Healthcare sector, (Biotechnology industry), listed on NASDAQ.
MiMedx Group, Inc. develops and distributes placental tissue allografts for various sectors of healthcare. It processes the human placental tissues utilizing its patented and proprietary PURION process to produce allografts that retains the tissue's inherent biological properties and regulatory proteins. The company's patented and proprietary processing method employs aseptic processing techniques in addition to terminal sterilization. Its products include EpiFix, a semi-permeable protective barrier membrane product used for the treatment of chronic wounds, including diabetic foot ulcers, venous leg ulcers, and pressure ulcers; AmnioFix, a semi-permeable protective barrier allograft, which comprises dehydrated human amnion/chorion membrane for use in surgical recovery applications; EpiCord and AmnioCord are dehydrated human umbilical cord allografts that are used to provide a protective environment for the healing process, as well as used in the advanced wound care and surgical recovery applications; and AMNIOBURN a semi-permeable protective barrier allograft used in the treatment of partial-thickness and full-thickness burns, as well as lead product includes mdHACM, a micronized form of AMNIOFIX, supplied in powder form. The company's products have applications primarily in the areas of wound care, burn, surgical, and non-operative sports medicine sectors of healthcare. It also sells allografts for dental applications on an original equipment manufacturer basis.
MDXG (MiMedx Group, Inc.) trades in the Healthcare sector, specifically Biotechnology, with a market capitalization of approximately $524.3M, a trailing P/E of 17.02, a beta of 1.46 versus the broader market, a 52-week range of 3.03-7.99, average daily share volume of 1.4M, a public-listing history dating back to 2008, approximately 837 full-time employees. These structural characteristics shape how MDXG stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.46 indicates MDXG 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 bear put spread on MDXG?
A bear put spread buys an at-the-money put and sells an out-of-the-money put at a lower strike for defined risk and defined reward bounded by the strike width.
Current MDXG snapshot
As of May 15, 2026, spot at $3.58, ATM IV 76.30%, IV rank 15.12%, expected move 21.87%. The bear put spread on MDXG 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 34-day expiry.
Why this bear put spread structure on MDXG specifically: MDXG IV at 76.30% is on the cheap side of its 1-year range, which favors premium-buying structures like a MDXG bear put spread, with a market-implied 1-standard-deviation move of approximately 21.87% (roughly $0.78 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated MDXG expiries trade a higher absolute premium for lower per-day decay. Position sizing on MDXG should anchor to the underlying notional of $3.58 per share and to the trader's directional view on MDXG stock.
MDXG bear put spread setup
The MDXG bear put spread below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With MDXG near $3.58, the first option leg uses a $3.58 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed MDXG chain at a 34-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 MDXG shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $3.58 | N/A |
| Sell 1 | Put | $3.40 | N/A |
MDXG bear put spread 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 strike width minus net debit times 100; max loss equals net debit times 100. Breakeven is long-put strike minus net debit.
MDXG bear put spread payoff curve
Modeled P&L at expiration across a range of underlying prices for the bear put spread on MDXG. 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 bear put spread on MDXG
Bear put spreads on MDXG reduce the cost of a bearish MDXG stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.
MDXG thesis for this bear put spread
The market-implied 1-standard-deviation range for MDXG extends from approximately $2.80 on the downside to $4.36 on the upside. A MDXG bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on MDXG, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current MDXG IV rank near 15.12% 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 MDXG at 76.30%. As a Healthcare name, MDXG options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to MDXG-specific events.
MDXG bear put spread positions are structurally moderately 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. MDXG positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move MDXG alongside the broader basket even when MDXG-specific fundamentals are unchanged. Long-premium structures like a bear put spread on MDXG 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 MDXG chain quotes before placing a trade.
Frequently asked questions
- What is a bear put spread on MDXG?
- A bear put spread on MDXG is the bear put spread strategy applied to MDXG (stock). The strategy is structurally moderately bearish: A bear put spread buys an at-the-money put and sells an out-of-the-money put at a lower strike for defined risk and defined reward bounded by the strike width. With MDXG stock trading near $3.58, the strikes shown on this page are snapped to the nearest listed MDXG chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are MDXG bear put spread max profit and max loss calculated?
- Max profit equals strike width minus net debit times 100; max loss equals net debit times 100. Breakeven is long-put strike minus net debit. For the MDXG bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 76.30%), 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 MDXG bear put spread?
- The breakeven for the MDXG bear put spread 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 MDXG market-implied 1-standard-deviation expected move is approximately 21.87%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a bear put spread on MDXG?
- Bear put spreads on MDXG reduce the cost of a bearish MDXG stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.
- How does current MDXG implied volatility affect this bear put spread?
- MDXG ATM IV is at 76.30% with IV rank near 15.12%, 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.