NNOX Long Call Strategy

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

Nano-X Imaging Ltd. specializes in developing a commercial-grade tomographic imaging device that incorporates an innovative digital X-ray source, which leverages a digital micro-electro-mechanical systems (MEMS) semiconductor cathode. Beyond its hardware focus, the company also delivers teleradiology services and creates artificial intelligence (AI) applications tailored for practical use in medical imaging. Its core offerings include the Nanox.ARC, a prototype medical imaging system that integrates its proprietary digital X-ray technology, and Nanox.CLOUD, a complementary cloud-based software platform envisioned to facilitate medical screening as a service. Nano-X also operates Nanox.MARKETPLACE, a platform designed to connect imaging facilities and customers with radiologists for efficient remote interpretation of medical scans. Additionally, the company provides AI-driven software solutions to a wide range of healthcare entities, including hospitals, health maintenance organizations, integrated delivery networks, pharmaceutical companies, and insurers. These solutions are designed to analyze data from existing computed tomography (CT) scans to identify or predict undiagnosed or underdiagnosed medical conditions, such as osteoporosis and cardiovascular disease.

NNOX (Nano-X Imaging Ltd.) trades in the Healthcare sector, specifically Medical - Devices, with a market capitalization of approximately $71.0M, a beta of 1.27 versus the broader market, a 52-week range of 0.734-4.705, average daily share volume of 2.0M, a public-listing history dating back to 2020, approximately 197 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 1.27 places NNOX roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.

What is a long call on NNOX?

A long call buys upside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes above the strike plus premium at expiration.

NNOX snapshot

As of August 14, 2026, spot at $1.00, ATM IV 161.60%, IV rank 29.64%, expected move 46.33%. The long call on NNOX 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 long call structure on NNOX specifically: NNOX IV at 161.60% is on the cheap side of its 1-year range, which favors premium-buying structures like a NNOX long call, with a market-implied 1-standard-deviation move of approximately 46.33% (roughly $0.46 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 NNOX expiries trade a higher absolute premium for lower per-day decay. Position sizing on NNOX should anchor to the underlying notional of $1.00 per share and to the trader's directional view on NNOX stock.

NNOX long call setup

The NNOX long call 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 at $1.00 on that close, the first option leg uses a $1.00 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 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 NNOX shares for the stock leg in covered calls and collars).

ActionTypeStrike / BasisPremium (est)
Buy 1Call$1.00N/A

NNOX long call 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 is unbounded; max loss equals the premium paid times 100. Breakeven is strike plus premium.

NNOX long call payoff curve

Modeled P&L at expiration across a range of underlying prices for the long call 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 long call on NNOX

Long calls on NNOX express a bullish thesis with defined risk; traders use them ahead of NNOX catalysts (earnings, product launches, macro events) when the expected upside justifies the premium and theta decay.

NNOX thesis for this long call

The market-implied 1-standard-deviation range for NNOX extends from approximately $0.54 on the downside to $1.46 on the upside. A NNOX long call expresses a directional view that the underlying closes above the strike plus premium at expiration, ideally with implied volatility holding or expanding to preserve extrinsic value through the hold period. Current NNOX IV rank near 29.64% 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 161.60%. 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 long call positions are structurally 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. Long-premium structures like a long call on NNOX 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 NNOX chain quotes before placing a trade.

Frequently asked questions

What is a long call on NNOX?
A long call on NNOX is the long call strategy applied to NNOX (stock). The strategy is structurally bullish: A long call buys upside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes above the strike plus premium at expiration. With NNOX stock at $1.00 on the most recent close, the strikes shown on this page are snapped to the nearest listed NNOX chain strike and the premiums come straight from that session's bid/ask midpoint.
How are NNOX long call max profit and max loss calculated?
Max profit is unbounded; max loss equals the premium paid times 100. Breakeven is strike plus premium. For the NNOX long call priced from the end-of-day chain at a 30-day expiry (ATM IV 161.60%), 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 long call?
The breakeven for the NNOX long call 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 NNOX market-implied 1-standard-deviation expected move in the same options snapshot is approximately 46.33%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a long call on NNOX?
Long calls on NNOX express a bullish thesis with defined risk; traders use them ahead of NNOX catalysts (earnings, product launches, macro events) when the expected upside justifies the premium and theta decay.
How does current NNOX implied volatility affect this long call?
NNOX ATM IV is at 161.60% with IV rank near 29.64%, 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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