How are NGNE 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 NGNE cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 97.20%), the computed maximum profit is $780.00 per contract and the computed maximum loss is -$2,719.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a NGNE cash-secured put?

The breakeven for the NGNE cash-secured put priced on this page is roughly $27.20 at expiration, derived from the August 14, 2026 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 NGNE market-implied 1-standard-deviation expected move in the same options snapshot is approximately 27.87%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current NGNE implied volatility affect this cash-secured put?

NGNE ATM IV is at 97.20% with IV rank near 7.48%, 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.

NGNE Cash-Secured Put Strategy

NGNE (Neurogene Inc.), in the Healthcare sector, (Biotechnology industry), listed on NASDAQ.

Neurogene Inc. is dedicated to engineering transformative genetic treatments for individuals and their families grappling with debilitating neurological conditions. Its current pipeline prominently features two key investigational therapies: NGN-401, an AAV9 gene therapy specifically targeting Rett syndrome, and NGN-101, which is being developed to address neuronal ceroid lipofuscinosis subtype 5 (Batten disease). The company's operations are based in New York, New York.

NGNE (Neurogene Inc.) trades in the Healthcare sector, specifically Biotechnology, with a market capitalization of approximately $584.4M, a beta of 1.95 versus the broader market, a 52-week range of 15.93-43.66, average daily share volume of 194K, a public-listing history dating back to 2014, approximately 131 full-time employees. These structural characteristics shape how NGNE stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.95 indicates NGNE 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 NGNE?

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.

NGNE snapshot

As of August 14, 2026, spot at $35.98, ATM IV 97.20%, IV rank 7.48%, expected move 27.87%. The cash-secured put on NGNE below is built from the August 14, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 154-day expiry.

Why this cash-secured put structure on NGNE specifically: NGNE IV at 97.20% is on the cheap side of its 1-year range, which means a premium-selling NGNE cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 27.87% (roughly $10.03 on the underlying). The 154-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated NGNE expiries trade a higher absolute premium for lower per-day decay. Position sizing on NGNE should anchor to the underlying notional of $35.98 per share and to the trader's directional view on NGNE stock.

NGNE cash-secured put setup

The NGNE cash-secured put below is built from the August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With NGNE at $35.98 on that close, the first option leg uses a $35.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed NGNE chain at a 154-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 NGNE shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Sell 1	Put	$35.00	$7.80

NGNE cash-secured put risk and reward

Net Premium / Debit: +$780.00
Max Profit (per contract): $780.00
Max Loss (per contract): -$2,719.00
Breakeven(s): $27.20
Risk / Reward Ratio: 0.287

Max profit equals premium times 100; max loss equals strike minus premium times 100 (at zero, assuming assignment). Breakeven is strike minus premium.

NGNE cash-secured put payoff curve

Modeled P&L at expiration across a range of underlying prices for the cash-secured put on NGNE. 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.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	-$2,719.00
$7.96	-77.9%	-$1,923.57
$15.92	-55.8%	-$1,128.15
$23.87	-33.6%	-$332.72
$31.83	-11.5%	+$462.71
$39.78	+10.6%	+$780.00
$47.74	+32.7%	+$780.00
$55.69	+54.8%	+$780.00
$63.64	+76.9%	+$780.00
$71.60	+99.0%	+$780.00

When traders use cash-secured put on NGNE

Cash-secured puts on NGNE earn premium while a trader waits to acquire NGNE stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning NGNE.

NGNE thesis for this cash-secured put

The market-implied 1-standard-deviation range for NGNE extends from approximately $25.95 on the downside to $46.01 on the upside. A NGNE cash-secured put lets a trader earn premium while waiting to acquire NGNE 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 NGNE IV rank near 7.48% 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 NGNE at 97.20%. As a Healthcare name, NGNE options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to NGNE-specific events.

NGNE 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. NGNE positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move NGNE alongside the broader basket even when NGNE-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on NGNE carry tail risk when realized volatility exceeds the implied move; review historical NGNE earnings reactions and macro stress periods before sizing. Always rebuild the position from current NGNE chain quotes before placing a trade.

Frequently asked questions

What is a cash-secured put on NGNE?: A cash-secured put on NGNE is the cash-secured put strategy applied to NGNE (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 NGNE stock at $35.98 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed NGNE chain strike and the premiums come straight from that session's bid/ask midpoint.
How are NGNE 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 NGNE cash-secured put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 97.20%), the computed maximum profit is $780.00 per contract and the computed maximum loss is -$2,719.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a NGNE cash-secured put?: The breakeven for the NGNE cash-secured put priced on this page is roughly $27.20 at expiration, derived from the August 14, 2026 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 NGNE market-implied 1-standard-deviation expected move in the same options snapshot is approximately 27.87%; 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 NGNE?: Cash-secured puts on NGNE earn premium while a trader waits to acquire NGNE stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning NGNE.
How does current NGNE implied volatility affect this cash-secured put?: NGNE ATM IV is at 97.20% with IV rank near 7.48%, 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.