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Which options trade fits HCA today? Compare strategies ranked by risk, reward, and current volatility conditions.
HCA Healthcare Inc. — Find the best options trade for HCA right now
HCA Healthcare Inc. (HCA) is a Healthcare stock with actively traded listed options. Iron Butterfly still ranks highest among 3 scored strategies, but conditions offer limited edge with VRP at +11.0pp. IV Rank 38% is 4pp above the Healthcare sector median of 34%. Review each strategy's P/L profile before sizing. HCA IV analysis.
Each strategy scored against HCA’s current IV, VRP, and risk profile. Top pick: Iron Butterfly.
| Rank | Strategy | Risk Type | Setup | Why | |
|---|---|---|---|---|---|
| #1 | Iron Butterfly Credit $720·MaxP $110·MaxL $890·RoC 12.4% | ✓ Defined | BuyPut |
Build and compare options strategies with pre-filled strikes and DTE targets. See estimated profit, max loss, and breakeven points before you trade.
Compare the top-ranked strategies, then adjust strikes to match your risk tolerance.
Ranking factors: Signal match, IV environment suitability, risk/reward ratio, probability of profitIV Rank, VRP, signal strength, strategy-specific Greeks
VolRadar strategy matching engine using ORATS data
Rankings reflect current conditions and change daily. Strategy suitability depends on your risk tolerance, capital, and market outlook. Always model the trade before entering.
• IV Rank 38.2% — below 40% means premiums are not elevated. Wait for IV expansion.
Signal upgrades when: VRP rises above 2pp, IV Rank climbs above 50%, and no earnings/spike blockers are present.
Earnings in 12 days. Trades with DTE >12d will span earnings. Consider shorter expirations or defined-risk strategies to limit gap risk.
Live liquidity snapshot not yet available. Rankings and signal confidence do not factor in bid-ask spreads or option volume. Verify liquidity with your broker before trading. Illiquid names may have wider spreads that erode edge.
Quantitative screening, not investment advice. Verify with your broker. Disclaimer
Based on weak signal conditions, VolRadar ranks Iron Butterfly as the top strategy for HCA Healthcare Inc.. This defined-risk strategy caps your maximum loss, making it suitable for smaller accounts or uncertain conditions. ~$1.10 (bid) to $7.20 (mid) For a different risk profile, consider Short Put Spread as an alternative.
With HCA Healthcare Inc. earnings in 12 days, defined-risk strategies (spreads, iron condors) are strongly recommended to cap potential losses from earnings gaps. Avoid undefined-risk positions that span the earnings date — a 10-15% gap can cause outsized losses on short puts or strangles.
HCA Healthcare Inc.'s IV Rank is 38%, which means credit strategies collect thinner premiums. In low-IV environments, consider: debit strategies (long calls/puts) for directional bets at cheaper prices, or wider spread widths to collect more credit. Calendar spreads can also benefit if you expect IV to expand.
Premiums are model estimates (not live bid/ask) — verify with your broker before trading. All P/L calculations exclude commissions and fees. Actual returns may differ.
Like this strategy on HCA?
The Scanner finds the best tickers for any strategy — ranked by VRP, IV Rank, and signal strength across 500+ stocks.
| ~$1.10 (bid) to $7.20 (mid) |
| Apply ↓ |
| #2 | Short Put Spread Credit $310·MaxP $70·MaxL $930·RoC 7.5% | ✓ Defined | SellPut$465 BuyPut$455 29 DTE | ~$8.50 to $10.00 (mid) |
| #3 | Covered Call Credit $1,220·MaxP $1,037·MaxL $47,726·RoC 2.1% | ✓ Defined | SellCall$510 29 DTE | ~$10.37 to $12.20 (mid) |
~$1.10 (bid) to $7.20 (mid)
#1 optimized strategy is free. Starter — $15/mo unlocks all ranked strategies with real-chain strikes, PoP, and RoC. The calculator below uses estimated strikes for modeling.
Confidence is rule-based (not ML). Thresholds with ORATS VRP data:
Strategy ranking uses signal, regime (RV Ratio), skew, and earnings proximity. Without liquidity data, signal confidence may be overstated for illiquid names.
Based on current conditions (weak signal, RV Ratio 0.70), VolRadar ranks Iron Butterfly as the top strategy for HCA Healthcare Inc.. ~$1.10 (bid) to $7.20 (mid) Alternative: Short Put Spread for defined risk preference.
Max profit on a credit spread equals the net credit received. For example, if you sell a HCA put for $3.00 and buy a lower put for $1.00, your max profit is $2.00 per share ($200 per contract). The breakeven equals the short strike minus net credit. Use the calculator to model exact scenarios with HCA's current price of $489.46.
With HCA earnings in 12 days, defined-risk strategies (spreads, iron condors) are strongly recommended to cap potential losses from earnings gaps.
18 preset strategies are available: Short Put, Covered Call, Put Credit Spread, Bear Call Spread, Iron Condor, Short Strangle, Iron Butterfly, Broken Wing Butterfly, Calendar Spread, Short Straddle, Jade Lizard, Poor Man's Covered Call, Long Call, Long Put, Bull Call Spread, Bear Put Spread, Protective Put, and Collar. Plus a custom multi-leg builder for any combination up to 4 legs with optional share positions. Each strategy shows max profit, max loss, breakeven, and probability of profit for HCA Healthcare Inc.'s current price.
Liquidity determines whether theoretical premium translates into real returns. For HCA Healthcare Inc., check bid-ask spreads, open interest, and daily volume on your target strikes before entering. Wide spreads (over 10-15% of the premium) reduce your actual credit and make adjustments harder. Multi-leg strategies like iron condors are especially sensitive — each leg's spread compounds. Start with the most liquid strikes and expirations, and always use limit orders.
Return on Capital (RoC) = net credit / capital at risk. For a HCA cash-secured put at $465, RoC depends on the premium vs the full strike x 100 collateral. For spreads, RoC = credit / (spread width x 100 - credit). Higher IV environments produce better RoC. Use the calculator with HCA's current price to model exact returns.
With HCA Healthcare Inc. earnings in 12 days, prefer iron condors, put credit spreads, or other defined-risk strategies that cap maximum loss. Avoid naked short puts or strangles spanning earnings — a gap can cause outsized losses. If you want to play the IV crush, consider selling straddles or strangles with short DTE that expire before earnings.