OKUR Long Put Strategy
OKUR (OnKure Therapeutics, Inc.), in the Healthcare sector, (Biotechnology industry), listed on NASDAQ.
OnKure, Inc., established in 2011 and based in Boulder, Colorado, operates as a biopharmaceutical company primarily engaged in the creation and advancement of precise therapeutic agents for cancer. A core area of their research centers on developing highly selective inhibitors for histone deacetylases. Their current pipeline features OKI-179, an inhibitor specifically engineered to combat a wide spectrum of malignancies, including both blood-related cancers and solid tumor formations.
OKUR (OnKure Therapeutics, Inc.) trades in the Healthcare sector, specifically Biotechnology, with a market capitalization of approximately $159.2M, a beta of 0.30 versus the broader market, a 52-week range of 2.185-5.38, average daily share volume of 261K, a public-listing history dating back to 2021, approximately 45 full-time employees. These structural characteristics shape how OKUR stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.30 indicates OKUR has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure.
What is a long put on OKUR?
A long put buys downside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes below the strike minus premium at expiration.
OKUR snapshot
As of August 14, 2026, spot at $3.97, ATM IV 23.80%, expected move 6.82%. The long put on OKUR 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 put structure on OKUR specifically: IV rank is unavailable in the current snapshot, so regime-based timing for OKUR is inferred from ATM IV at 23.80% alone, with a market-implied 1-standard-deviation move of approximately 6.82% (roughly $0.27 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 OKUR expiries trade a higher absolute premium for lower per-day decay. Position sizing on OKUR should anchor to the underlying notional of $3.97 per share and to the trader's directional view on OKUR stock.
OKUR long put setup
The OKUR long 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 OKUR at $3.97 on that close, the first option leg uses a $3.97 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed OKUR 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 OKUR shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $3.97 | N/A |
OKUR long 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 the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium.
OKUR long put payoff curve
Modeled P&L at expiration across a range of underlying prices for the long put on OKUR. 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 put on OKUR
Long puts on OKUR hedge an existing long OKUR stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying OKUR exposure being hedged.
OKUR thesis for this long put
The market-implied 1-standard-deviation range for OKUR extends from approximately $3.70 on the downside to $4.24 on the upside. A OKUR long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long OKUR position with one put per 100 shares held. As a Healthcare name, OKUR options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to OKUR-specific events.
OKUR long put positions are structurally bearish; 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. OKUR positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move OKUR alongside the broader basket even when OKUR-specific fundamentals are unchanged. Long-premium structures like a long put on OKUR 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 OKUR chain quotes before placing a trade.
Frequently asked questions
- What is a long put on OKUR?
- A long put on OKUR is the long put strategy applied to OKUR (stock). The strategy is structurally bearish: A long put buys downside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes below the strike minus premium at expiration. With OKUR stock at $3.97 on the most recent close, the strikes shown on this page are snapped to the nearest listed OKUR chain strike and the premiums come straight from that session's bid/ask midpoint.
- How are OKUR long put max profit and max loss calculated?
- Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium. For the OKUR long put priced from the end-of-day chain at a 30-day expiry (ATM IV 23.80%), 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 OKUR long put?
- The breakeven for the OKUR long put 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 OKUR market-implied 1-standard-deviation expected move in the same options snapshot is approximately 6.82%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a long put on OKUR?
- Long puts on OKUR hedge an existing long OKUR stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying OKUR exposure being hedged.
- How does current OKUR implied volatility affect this long put?
- Current OKUR ATM IV is 23.80%; IV rank context is unavailable in the current snapshot.