MYO Straddle Strategy
MYO (Myomo, Inc.), in the Healthcare sector, (Medical - Devices industry), listed on AMEX.
Myomo, Inc. is a medical technology company specializing in wearable robotics. The company engineers and manufactures advanced myoelectric orthoses, primarily for individuals in the United States who experience neuromuscular impairments. Its flagship product, MyoPro, is an upper-limb brace that utilizes muscle signals to assist patients with weak or paralyzed arms, thereby enhancing their ability to perform daily activities. These devices aim to restore function for both adult and adolescent patients suffering from various neurological conditions, including stroke, spinal cord injury, traumatic brain injury, and brachial plexus injuries. Myomo distributes its innovative solutions through a network that includes orthotics and prosthetics providers, rehabilitation hospitals, the Veterans Health Administration, and additional distributors. Established in 2004, Myomo, Inc. maintains its corporate headquarters in Boston, Massachusetts.
MYO (Myomo, Inc.) trades in the Healthcare sector, specifically Medical - Devices, with a market capitalization of approximately $58.7M, a beta of 1.44 versus the broader market, a 52-week range of 0.605-1.59, average daily share volume of 668K, a public-listing history dating back to 2017, approximately 195 full-time employees. These structural characteristics shape how MYO stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.44 indicates MYO 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 straddle on MYO?
A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration.
MYO snapshot
As of August 14, 2026, spot at $1.73, ATM IV 26.20%, IV rank 1.89%, expected move 7.51%. The straddle on MYO 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 straddle structure on MYO specifically: MYO IV at 26.20% is on the cheap side of its 1-year range, which favors premium-buying structures like a MYO straddle, with a market-implied 1-standard-deviation move of approximately 7.51% (roughly $0.13 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 MYO expiries trade a higher absolute premium for lower per-day decay. Position sizing on MYO should anchor to the underlying notional of $1.73 per share and to the trader's directional view on MYO stock.
MYO straddle setup
The MYO straddle below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With MYO at $1.73 on that close, the first option leg uses a $1.73 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed MYO 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 MYO shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Call | $1.73 | N/A |
| Buy 1 | Put | $1.73 | N/A |
MYO straddle 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
Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit.
MYO straddle payoff curve
Modeled P&L at expiration across a range of underlying prices for the straddle on MYO. 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 straddle on MYO
Straddles on MYO are pure-volatility plays that profit from large moves in either direction; traders typically buy MYO straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.
MYO thesis for this straddle
The market-implied 1-standard-deviation range for MYO extends from approximately $1.60 on the downside to $1.86 on the upside. A MYO long straddle is a pure-volatility play: it profits when the underlying moves far enough from the strike in either direction to overcome the combined call plus put debit, regardless of direction. Current MYO IV rank near 1.89% 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 MYO at 26.20%. As a Healthcare name, MYO options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to MYO-specific events.
MYO straddle positions are structurally neutral / high-volatility (long premium); 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. MYO positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move MYO alongside the broader basket even when MYO-specific fundamentals are unchanged. Always rebuild the position from current MYO chain quotes before placing a trade.
Frequently asked questions
- What is a straddle on MYO?
- A straddle on MYO is the straddle strategy applied to MYO (stock). The strategy is structurally neutral / high-volatility (long premium): A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration. With MYO stock at $1.73 on the most recent close, the strikes shown on this page are snapped to the nearest listed MYO chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are MYO straddle max profit and max loss calculated?
- Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit. For the MYO straddle priced from the end-of-day chain at a 30-day expiry (ATM IV 26.20%), 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 MYO straddle?
- The breakeven for the MYO straddle 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 MYO market-implied 1-standard-deviation expected move in the same options snapshot is approximately 7.51%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a straddle on MYO?
- Straddles on MYO are pure-volatility plays that profit from large moves in either direction; traders typically buy MYO straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.
- How does current MYO implied volatility affect this straddle?
- MYO ATM IV is at 26.20% with IV rank near 1.89%, 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.