QTRX Cash-Secured Put Strategy
QTRX (Quanterix Corporation), in the Healthcare sector, (Medical - Devices industry), listed on NASDAQ.
Quanterix Corporation, a life sciences company, engages in development and marketing of digital immunoassay platforms that advances precision health for life sciences research and diagnostics in North America, Europe, the Middle East, Africa, and the Asia Pacific regions. It offers HD-X instrument, a sensitive automated multiplex protein detection platform; and SR-X instrument that enables researchers to apply Simoa detection technology in various applications, including direct detection of nucleic acids. The company also provides SP-X instrument that is based on Simoa planar array technology for the measurement of multiplex chemiluminescent immunoassays. The company's products include assay kits and other consumables such as reagents. In addition, it offers contract research services, including sample testing, homebrew assay development, and custom development services. The company primarily operates in the areas of neurology, oncology, cardiology, infectious diseases, and inflammation.
QTRX (Quanterix Corporation) trades in the Healthcare sector, specifically Medical - Devices, with a market capitalization of approximately $135.7M, a beta of 1.15 versus the broader market, a 52-week range of 2.56-8.77, average daily share volume of 982K, a public-listing history dating back to 2017, approximately 471 full-time employees. These structural characteristics shape how QTRX stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.15 places QTRX 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 QTRX?
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 QTRX snapshot
As of May 15, 2026, spot at $2.79, ATM IV 104.20%, IV rank 31.38%, expected move 29.87%. The cash-secured put on QTRX 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 QTRX specifically: QTRX IV at 104.20% is mid-range versus its 1-year history, so the credit collected on a QTRX cash-secured put sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 29.87% (roughly $0.83 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 QTRX expiries trade a higher absolute premium for lower per-day decay. Position sizing on QTRX should anchor to the underlying notional of $2.79 per share and to the trader's directional view on QTRX stock.
QTRX cash-secured put setup
The QTRX 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 QTRX near $2.79, the first option leg uses a $2.65 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed QTRX 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 QTRX shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $2.65 | N/A |
QTRX 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.
QTRX cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on QTRX. 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 QTRX
Cash-secured puts on QTRX earn premium while a trader waits to acquire QTRX stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning QTRX.
QTRX thesis for this cash-secured put
The market-implied 1-standard-deviation range for QTRX extends from approximately $1.96 on the downside to $3.62 on the upside. A QTRX cash-secured put lets a trader earn premium while waiting to acquire QTRX 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 QTRX IV rank near 31.38% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put thesis on QTRX should anchor more to the directional view and the expected-move geometry. As a Healthcare name, QTRX options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to QTRX-specific events.
QTRX 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. QTRX positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move QTRX alongside the broader basket even when QTRX-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on QTRX carry tail risk when realized volatility exceeds the implied move; review historical QTRX earnings reactions and macro stress periods before sizing. Always rebuild the position from current QTRX chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on QTRX?
- A cash-secured put on QTRX is the cash-secured put strategy applied to QTRX (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 QTRX stock trading near $2.79, the strikes shown on this page are snapped to the nearest listed QTRX chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are QTRX 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 QTRX cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 104.20%), 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 QTRX cash-secured put?
- The breakeven for the QTRX 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 QTRX market-implied 1-standard-deviation expected move is approximately 29.87%; 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 QTRX?
- Cash-secured puts on QTRX earn premium while a trader waits to acquire QTRX stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning QTRX.
- How does current QTRX implied volatility affect this cash-secured put?
- QTRX ATM IV is at 104.20% with IV rank near 31.38%, 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.