Best Options Strategy for TNXP
Looking for the best options strategy for Tonix Pharmaceuticals Holding Corp. (TNXP)? There is no single answer — the right play depends on your outlook, your risk tolerance and current implied volatility. Below, our free engine shows the highest-scoring defined-risk strategy on the live TNXP option chain right now, and a simple map from your view on TNXP to the strategy that fits it. Model any of them in the calculator before you trade.
About TNXP
Tonix Pharmaceuticals Holding Corp. (TNXP) is a major company in Biotechnology. Options traders on TNXP tend to watch , since these can drive large moves in the share price.
Today's top-scoring strategy for TNXP
Our engine ranks defined-risk strategies on the live TNXP chain by probability of profit and risk/reward, then surfaces the best-scoring one. It is an educational illustration, not advice.
| Action | Qty | Type | Strike | Premium |
|---|---|---|---|---|
| Buy | 1× | CALL | $95 | $6.83 |
| Sell | 2× | CALL | $100 | $3.82 |
| Buy | 1× | CALL | $105 | $1.87 |
Simulation
Forward simulation of 6,000 lognormal price paths to expiration — not a historical backtest.
Strategy analysis
Greeks vs price
Price × volatility (today)
| −30% | −15% | IV | +15% | +30% | |
|---|---|---|---|---|---|
| $125 | −$105 | −$103 | −$99 | −$94 | −$89 |
| $120 | −$102 | −$96 | −$88 | −$82 | −$77 |
| $115 | −$88 | −$77 | −$69 | −$64 | −$61 |
| $110 | −$50 | −$42 | −$40 | −$41 | −$43 |
| $105 | $10 | −$1 | −$11 | −$20 | −$28 |
| $100 | $42 | $18 | $0 | −$13 | −$23 |
| $95 | $3 | −$7 | −$16 | −$25 | −$32 |
| $90 | −$64 | −$55 | −$52 | −$51 | −$52 |
| $85 | −$98 | −$91 | −$84 | −$78 | −$75 |
| $80 | −$105 | −$103 | −$100 | −$96 | −$92 |
| $75 | −$106 | −$106 | −$105 | −$104 | −$101 |
Illustrative example at TNXP's latest available price, computed with the same engine as the tool. Live option fills and the real IV skew refresh during US market hours.
Implied volatility
TNXP typically trades with moderate implied volatility, broadly in line with other large-cap stocks. Implied volatility drives option prices, so it is worth checking the live chain before you trade.
TNXP insider trading activity (SEC Form 4)
Open-market insider transactions at TNXP over roughly the last six months, from SEC Form 4 filings. Open-market buys are the rarer, more telling signal — routine selling under pre-arranged plans is common, so read a net-selling figure with that in mind.
| Insider | Action | Shares | Value | Date |
|---|---|---|---|---|
| LEDERMAN SETH | Buy | 2,000 | $28K | 2026-08-27 |
| BAGGER RICHARD H | Buy | 1,000 | $13K | 2026-08-20 |
| Taylor Carolyn E. | Buy | 1,415 | $15K | 2026-06-12 |
| LEDERMAN SETH | Buy | 5,000 | $59K | 2026-06-09 |
| Stillwell Richard Newcomb | Buy | 5,000 | $58K | 2026-06-08 |
| LEDERMAN SETH | Buy | 5,000 | $63K | 2026-03-31 |
Source: SEC Form 4 filings via Finnhub. Open-market purchases (P) and sales (S) only — grants, option exercises, gifts and tax withholding are excluded. Informational context, not investment advice.
Earnings & IV crush
TNXP's next earnings report is due around November 9, 2026. Options that expire after it price in a binary move, so their implied volatility is elevated and usually collapses right after the announcement — an "IV crush". If your expiration falls before this date, the trade sidesteps the event.
Key figures
- Market cap
- $204M
- Beta (vs market)
- 1.75
- 52-week range
- $9.40–$29.19
- Short interest
- 18.1% of float · 6.3 days to cover
With 18.1% of TNXP's float sold short, squeeze and gap risk are elevated — one reason its options can stay expensive.
How to choose an options strategy for TNXP
Start with your outlook on TNXP, then match it to a defined-risk structure. Here are the most common choices and when each makes sense:
Bullish
Buy a call for leverage with capped risk, or a bull call spread to lower the cost and breakeven when you have a target price.
Long Call → Bull Call Spread →Bearish
Buy a put to profit from a decline with defined risk, or a bear put spread to cheapen the trade when you expect a measured move down.
Long Put → Bear Put Spread →Neutral
Sell an iron condor to collect premium while TNXP stays between two strikes, or write a covered call against shares you already own.
Iron Condor → Covered Call →⧉ Embed this free calculator on your site →
How we pick the best strategy
For each ticker we pull the live option chain, build every supported strategy around the at-the-money strikes, and score them on probability of profit, risk/reward and capital efficiency — favouring defined-risk structures where the maximum loss is known up front. Methodology →
Open TNXP in the free calculator →
Frequently asked questions
What is the best options strategy for TNXP?
It depends on your outlook. Bullish traders often use a long call or bull call spread on TNXP; bearish traders a long put or bear put spread; neutral traders an iron condor or covered call. Our live scan above shows the current highest-scoring defined-risk play.
Are TNXP options liquid enough to trade?
Tonix Pharmaceuticals Holding Corp. (TNXP) is among the most actively-traded US options, which usually means tight bid/ask spreads and plenty of strikes and expirations — though you should always check the open interest and spread on the exact contract.
How much money do I need to trade TNXP options?
Buying a single TNXP call or put can cost as little as the premium (often one to a few hundred dollars), while income strategies like a cash-secured put need enough capital to buy 100 shares if assigned.
Is this financial advice?
No. Everything here is educational and uses delayed, third-party data. It is not a recommendation to trade TNXP or any security. Do your own research.
What does Tonix Pharmaceuticals Holding Corp. do?
Tonix Pharmaceuticals Holding Corp. (TNXP) operates in the Biotechnology industry. The "About Tonix Pharmaceuticals Holding Corp." section above gives a fuller picture of what the company does and how it earns money.
Does Tonix Pharmaceuticals Holding Corp. pay a dividend?
We don't show a confirmed dividend yield for Tonix Pharmaceuticals Holding Corp. here, so treat it as uncertain: before writing calls, check its current dividend and ex-dividend date with your broker — an approaching ex-dividend date can trigger early assignment on in-the-money short calls.
When does Tonix Pharmaceuticals Holding Corp. next report earnings?
Tonix Pharmaceuticals Holding Corp.'s next earnings are expected around November 9, 2026. Implied volatility usually climbs into the report and drops sharply afterwards (IV crush) — important for any options position held over the date.
Price trend
Tickers related to TNXP
Comparing TNXP with similar names can help you choose the best options strategy:
Company information
- Headquarters
- 200 Connell Drive, Suite 3100, Berkeley Heights, NJ, 07928, United States
- Industry
- Biotechnology
- Employees
- 142
- CEO
- Dr. Seth Lederman M.D.
- Phone
- 862 799 8599
- Website
- www.tonixpharma.com
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Educational use only. Quotes are delayed ~15 minutes and nothing here is financial advice. Options trading involves substantial risk of loss. Privacy · Terms.