STLN Cash-Secured Put Strategy

STLN (Starling Oncology, Inc.), in the Healthcare sector, (Medical - Care Facilities industry), listed on NASDAQ.

Starling Oncology, Inc., formerly The Oncology Institute, is a value-based oncology company advancing cancer care in the community setting. Founded in 2007, the company offers cutting-edge, evidence-based cancer treatments, including clinical trials and transfusions, to a large patient population. It operates as an integrated oncology platform serving patients, providers, and health plans across multiple markets with a focus on delivering high-quality, patient-centered care.

STLN (Starling Oncology, Inc.) trades in the Healthcare sector, specifically Medical - Care Facilities, with a market capitalization of approximately $631.9M, a beta of 0.00 versus the broader market, a 52-week range of 2.32-7.05, average daily share volume of 1.2M, a public-listing history dating back to 2026. These structural characteristics shape how STLN stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.00 indicates STLN 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 cash-secured put on STLN?

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.

STLN snapshot

As of August 14, 2026, spot at $6.45, ATM IV 76.10%, expected move 21.82%. The cash-secured put on STLN 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 STLN specifically: IV rank is unavailable in the current snapshot, so regime-based timing for STLN is inferred from ATM IV at 76.10% alone, with a market-implied 1-standard-deviation move of approximately 21.82% (roughly $1.41 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 STLN expiries trade a higher absolute premium for lower per-day decay. Position sizing on STLN should anchor to the underlying notional of $6.45 per share and to the trader's directional view on STLN stock.

STLN cash-secured put setup

The STLN 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 STLN at $6.45 on that close, the first option leg uses a $6.13 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed STLN 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 STLN shares for the stock leg in covered calls and collars).

ActionTypeStrike / BasisPremium (est)
Sell 1Put$6.13N/A

STLN 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.

STLN cash-secured put payoff curve

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

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

STLN thesis for this cash-secured put

The market-implied 1-standard-deviation range for STLN extends from approximately $5.04 on the downside to $7.86 on the upside. A STLN cash-secured put lets a trader earn premium while waiting to acquire STLN 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. As a Healthcare name, STLN options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to STLN-specific events.

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

Frequently asked questions

What is a cash-secured put on STLN?
A cash-secured put on STLN is the cash-secured put strategy applied to STLN (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 STLN stock at $6.45 on the most recent close, the strikes shown on this page are snapped to the nearest listed STLN chain strike and the premiums come straight from that session's bid/ask midpoint.
How are STLN 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 STLN cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 76.10%), 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 STLN cash-secured put?
The breakeven for the STLN 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 STLN market-implied 1-standard-deviation expected move in the same options snapshot is approximately 21.82%; 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 STLN?
Cash-secured puts on STLN earn premium while a trader waits to acquire STLN stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning STLN.
How does current STLN implied volatility affect this cash-secured put?
Current STLN ATM IV is 76.10%; IV rank context is unavailable in the current snapshot.

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