NNOX Collar 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 collar on NNOX?
A collar pairs long stock with a protective out-of-the-money put financed by a short out-of-the-money call, capping both tails of the position around the current spot.
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 collar 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 collar structure on NNOX specifically: IV regime affects collar pricing on both sides; compressed NNOX IV at 20.90% typically pushes the short call premium to roughly offset the long put cost, 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 collar setup
The NNOX collar 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 $1.80 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).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $1.71 | long |
| Sell 1 | Call | $1.80 | N/A |
| Buy 1 | Put | $1.62 | N/A |
NNOX collar 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 roughly equals short-call strike minus cost basis plus net premium; max loss roughly equals cost basis minus long-put strike minus net premium. Breakeven shifts by the net premium.
NNOX collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar 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 collar on NNOX
Collars on NNOX hedge an existing long NNOX stock position; the long put sets a floor while the short call finances it, often run as a near-zero-cost hedge during expected volatility windows.
NNOX thesis for this collar
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 collar hedges an existing long NNOX position with a protective put while financing the put cost via a short call; when the premiums roughly offset, the collar acts as a near-zero-cost insurance band around the current spot. 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 collar positions are structurally neutral (protective); 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. Always rebuild the position from current NNOX chain quotes before placing a trade.
Frequently asked questions
- What is a collar on NNOX?
- A collar on NNOX is the collar strategy applied to NNOX (stock). The strategy is structurally neutral (protective): A collar pairs long stock with a protective out-of-the-money put financed by a short out-of-the-money call, capping both tails of the position around the current spot. 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 collar max profit and max loss calculated?
- Max profit roughly equals short-call strike minus cost basis plus net premium; max loss roughly equals cost basis minus long-put strike minus net premium. Breakeven shifts by the net premium. For the NNOX collar 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 collar?
- The breakeven for the NNOX collar 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 collar on NNOX?
- Collars on NNOX hedge an existing long NNOX stock position; the long put sets a floor while the short call finances it, often run as a near-zero-cost hedge during expected volatility windows.
- How does current NNOX implied volatility affect this collar?
- 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.