NNOX Cash-Secured Put Strategy

NNOX (Nano-X Imaging Ltd.), in the Healthcare sector, (Medical - Devices industry), listed on NASDAQ.

Nano-X Imaging Ltd. develops a commercial-grade tomographic imaging device with a digital X-ray source. The company provides teleradiology services and develops artificial intelligence applications to be used in real-world medical imaging applications. Its X-ray source is based on a digital micro-electro-mechanical systems semiconductor cathode. The company develops a prototype of the Nanox.ARC, a medical imaging system incorporating its digital X-ray source; and Nanox.CLOUD, a companion cloud-based software that would allow for the delivery of medical screening as a service. It also offers Nanox.MARKETPLACE, which connects imaging facilities with radiologists and enables radiologists to provide, as well as customers to obtain remote interpretations of imaging data; artificial intelligence (AI)-based software imaging solutions to hospitals, health maintenance organizations, integrated delivery networks, pharmaceutical companies, and insurers that are designed to identify or predict undiagnosed or underdiagnosed medical conditions through the mining of data included in images of existing computed tomography scans for osteoporosis and cardiovascular disease; Teleradiology Services, which provide imaging interpretation services for radiology practices, hospitals, medical clinics, diagnostic imaging centers, urgent care facilities; and multi-specialty physician groups, contracts, and radiology readings. The company was founded in 2011 and is headquartered in Neve Ilan, Israel.

NNOX (Nano-X Imaging Ltd.) trades in the Healthcare sector, specifically Medical - Devices, with a market capitalization of approximately $124.6M, a beta of 1.18 versus the broader market, a 52-week range of 1.59-5.72, average daily share volume of 1.3M, a public-listing history dating back to 2020, approximately 165 full-time employees. These structural characteristics shape how NNOX stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.18 places NNOX roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.

What is a cash-secured put on NNOX?

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.

Current NNOX snapshot

As of May 15, 2026, spot at $1.71, ATM IV 20.90%, IV rank 0.00%, expected move 5.99%. The cash-secured put on NNOX 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 cash-secured put structure on NNOX specifically: NNOX IV at 20.90% is on the cheap side of its 1-year range, which means a premium-selling NNOX cash-secured put collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 5.99% (roughly $0.10 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 NNOX expiries trade a higher absolute premium for lower per-day decay. Position sizing on NNOX should anchor to the underlying notional of $1.71 per share and to the trader's directional view on NNOX stock.

NNOX cash-secured put setup

The NNOX 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 NNOX near $1.71, the first option leg uses a $1.62 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed NNOX 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 NNOX shares for the stock leg in covered calls and collars).

ActionTypeStrike / BasisPremium (est)
Sell 1Put$1.62N/A

NNOX 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.

NNOX cash-secured put payoff curve

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

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

NNOX thesis for this cash-secured put

The market-implied 1-standard-deviation range for NNOX extends from approximately $1.61 on the downside to $1.81 on the upside. A NNOX cash-secured put lets a trader earn premium while waiting to acquire NNOX 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 NNOX IV rank near 0.00% 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 NNOX at 20.90%. As a Healthcare name, NNOX options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to NNOX-specific events.

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

Frequently asked questions

What is a cash-secured put on NNOX?
A cash-secured put on NNOX is the cash-secured put strategy applied to NNOX (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 NNOX stock trading near $1.71, the strikes shown on this page are snapped to the nearest listed NNOX chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are NNOX 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 NNOX cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 20.90%), 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 NNOX cash-secured put?
The breakeven for the NNOX cash-secured put 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 NNOX market-implied 1-standard-deviation expected move is approximately 5.99%; 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 NNOX?
Cash-secured puts on NNOX earn premium while a trader waits to acquire NNOX stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning NNOX.
How does current NNOX implied volatility affect this cash-secured put?
NNOX ATM IV is at 20.90% with IV rank near 0.00%, 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.

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