OPRX Cash-Secured Put Strategy

OPRX (OptimizeRx Corp.), in the Healthcare sector, (Medical - Healthcare Information Services industry), listed on NASDAQ.

OptimizeRx Corp. is digital health company, engaged in the provision of digital health messaging via electronic health records, which serve as a direct channel for pharmaceutical companies to communicate with healthcare providers. It offers electronic health record (EHR) workflow solutions which include financial messaging, patient education, and brand messaging and brand support. The company was founded by David A. Harrell in 2006 and is headquartered in Waltham, MA.

OPRX (OptimizeRx Corp.) trades in the Healthcare sector, specifically Medical - Healthcare Information Services, with a market capitalization of approximately $132.1M, a trailing P/E of 37.58, a beta of 1.05 versus the broader market, a 52-week range of 4.54-22.25, average daily share volume of 413K, a public-listing history dating back to 2007, approximately 133 full-time employees. These structural characteristics shape how OPRX stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.05 places OPRX roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. The trailing P/E of 37.58 is on the rich side, which tends to correlate with higher earnings-window IV expansion as the market debates whether forward growth supports the multiple.

What is a cash-secured put on OPRX?

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.

OPRX snapshot

As of August 14, 2026, spot at $8.62, ATM IV 247.80%, IV rank 49.49%, expected move 71.04%. The cash-secured put on OPRX 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 cash-secured put structure on OPRX specifically: OPRX IV at 247.80% is mid-range versus its 1-year history, so the credit collected on a OPRX cash-secured put sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 71.04% (roughly $6.12 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 OPRX expiries trade a higher absolute premium for lower per-day decay. Position sizing on OPRX should anchor to the underlying notional of $8.62 per share and to the trader's directional view on OPRX stock.

OPRX cash-secured put setup

The OPRX 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 OPRX at $8.62 on that close, the first option leg uses a $8.19 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed OPRX 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 OPRX shares for the stock leg in covered calls and collars).

ActionTypeStrike / BasisPremium (est)
Sell 1Put$8.19N/A

OPRX 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.

OPRX cash-secured put payoff curve

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

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

OPRX thesis for this cash-secured put

The market-implied 1-standard-deviation range for OPRX extends from approximately $2.50 on the downside to $14.74 on the upside. A OPRX cash-secured put lets a trader earn premium while waiting to acquire OPRX 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 OPRX IV rank near 49.49% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put thesis on OPRX should anchor more to the directional view and the expected-move geometry. As a Healthcare name, OPRX options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to OPRX-specific events.

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

Frequently asked questions

What is a cash-secured put on OPRX?
A cash-secured put on OPRX is the cash-secured put strategy applied to OPRX (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 OPRX stock at $8.62 on the most recent close, the strikes shown on this page are snapped to the nearest listed OPRX chain strike and the premiums come straight from that session's bid/ask midpoint.
How are OPRX 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 OPRX cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 247.80%), 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 OPRX cash-secured put?
The breakeven for the OPRX cash-secured 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 OPRX market-implied 1-standard-deviation expected move in the same options snapshot is approximately 71.04%; 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 OPRX?
Cash-secured puts on OPRX earn premium while a trader waits to acquire OPRX stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning OPRX.
How does current OPRX implied volatility affect this cash-secured put?
OPRX ATM IV is at 247.80% with IV rank near 49.49%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.

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