New Planet Fitness Options Create Interesting Investment Opportunities
Investors in Planet Fitness Inc (Symbol: PLNT) have new options available for August 2025. With 231 days until expiration, these contracts offer a chance for traders to earn higher premiums than those with sooner expiration dates. At Stock Options Channel, we used our YieldBoost formula to find notable put and call contracts from the new options chain.
Put Opportunity at a Discount
The put option at the $92.50 strike price currently has a bid of $6.00. If an investor sells this put, they agree to buy the stock at $92.50, while collecting the premium. This means their effective cost per share falls to $86.50, which is significantly lower than today’s share price of $99.69.
With the $92.50 strike being around 7% below the current price, there’s a chance this put could expire worthless. Current analytics indicate a 70% probability of this happening. If the put does expire worthless, the premium collected would offer a 6.49% return on the cash commitment, equating to a 10.25% annualized return, referred to as the YieldBoost.
Below is a chart showing Planet Fitness Inc’s trading history over the last twelve months, with the $92.50 strike indicated in green:
Covered Call Potential
On the call options side, the $105.00 strike call currently has a bid of $9.50. If an investor buys shares of PLNT today at $99.69 and sells this call as a “covered call,” they would be set to sell the stock at $105.00. Coupling the premium with this price yields a total return of 14.86% if the stock is called away at expiration (before broker commissions).
However, potential gains could be limited if the stock price significantly increases. Therefore, analyzing past trading patterns and the company’s performance is crucial. Here is the trading history for PLNT over the past year, with the $105.00 strike highlighted in red:
The $105.00 strike is around 5% higher than the current share price, indicating a chance that this call could expire worthless. Current data suggests a 48% likelihood of that outcome. Should the covered call expire worthless, the collected premium would provide a 9.53% additional return or 15.06% annualized, also branded as the YieldBoost.
The implied volatility for the put contract is 36%, while it is 35% for the call contract. In comparison, our calculations show the actual trailing twelve-month volatility at 30%, based on the past 251 trading days and the current price of $99.69. For more options strategies worth considering, visit StockOptionsChannel.com.
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The views and opinions expressed herein are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
