TXG Cash-Secured Put Strategy
TXG (10x Genomics, Inc.), in the Healthcare sector, (Medical - Healthcare Information Services industry), listed on NASDAQ.
Headquartered in Pleasanton, California, 10x Genomics, Inc. (founded in 2012 and known as 10X Technologies, Inc. until November 2014) is a prominent life science technology company. The firm specializes in creating and distributing sophisticated instrumentation, essential consumables, and software designed for in-depth analysis of biological systems. Its market presence extends globally, covering North America, Europe, the Middle East, Africa, China, and the Asia Pacific. The company's offerings feature Chromium and Chromium Connect instruments, supported by indispensable items such as microfluidic chips, slides, and reagents. A significant portion of their portfolio focuses on single-cell solutions, leveraging their Chromium platforms. These allow for precise measurement of gene activity at the individual cell level (single cell gene expression), detailed assessment of immune cell function and their targets (single cell immune profiling), exploration of DNA's physical organization and epigenetic modifications (single cell Assay for Transposase Accessible Chromatin - ATAC), and the concurrent quantification of both genetic activity and epigenetic programming across tens of thousands of cells in a single experiment (single cell multiome ATAC + gene expression).
TXG (10x Genomics, Inc.) trades in the Healthcare sector, specifically Medical - Healthcare Information Services, with a market capitalization of approximately $4.67B, a beta of 2.11 versus the broader market, a 52-week range of 11.16-37.05, average daily share volume of 3.0M, a public-listing history dating back to 2019, approximately 1K full-time employees. These structural characteristics shape how TXG stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 2.11 indicates TXG has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position.
What is a cash-secured put on TXG?
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 TXG snapshot
As of June 30, 2026, spot at $38.39, ATM IV 86.70%, IV rank 43.04%, expected move 24.86%. The cash-secured put on TXG 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 17-day expiry.
Why this cash-secured put structure on TXG specifically: TXG IV at 86.70% is mid-range versus its 1-year history, so the credit collected on a TXG cash-secured put sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 24.86% (roughly $9.54 on the underlying). The 17-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated TXG expiries trade a higher absolute premium for lower per-day decay. Position sizing on TXG should anchor to the underlying notional of $38.39 per share and to the trader's directional view on TXG stock.
TXG cash-secured put setup
The TXG 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 TXG near $38.39, the first option leg uses a $36.47 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed TXG chain at a 17-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 TXG shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Sell 1 | Put | $36.47 | N/A |
TXG 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.
TXG cash-secured put payoff curve
Modeled P&L at expiration across a range of underlying prices for the cash-secured put on TXG. 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 TXG
Cash-secured puts on TXG earn premium while a trader waits to acquire TXG stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning TXG.
TXG thesis for this cash-secured put
The market-implied 1-standard-deviation range for TXG extends from approximately $28.85 on the downside to $47.93 on the upside. A TXG cash-secured put lets a trader earn premium while waiting to acquire TXG 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 TXG IV rank near 43.04% is mid-range against its 1-year distribution, so the IV signal is neutral; the cash-secured put thesis on TXG should anchor more to the directional view and the expected-move geometry. As a Healthcare name, TXG options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to TXG-specific events.
TXG 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. TXG positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move TXG alongside the broader basket even when TXG-specific fundamentals are unchanged. Short-premium structures like a cash-secured put on TXG carry tail risk when realized volatility exceeds the implied move; review historical TXG earnings reactions and macro stress periods before sizing. Always rebuild the position from current TXG chain quotes before placing a trade.
Frequently asked questions
- What is a cash-secured put on TXG?
- A cash-secured put on TXG is the cash-secured put strategy applied to TXG (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 TXG stock trading near $38.39, the strikes shown on this page are snapped to the nearest listed TXG chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are TXG 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 TXG cash-secured put priced from the end-of-day chain at a 30-day expiry (ATM IV 86.70%), 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 TXG cash-secured put?
- The breakeven for the TXG 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 TXG market-implied 1-standard-deviation expected move is approximately 24.86%; 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 TXG?
- Cash-secured puts on TXG earn premium while a trader waits to acquire TXG stock at a target strike below the current quote; most attractive when IV is rich and the trader is comfortable owning TXG.
- How does current TXG implied volatility affect this cash-secured put?
- TXG ATM IV is at 86.70% with IV rank near 43.04%, 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.