New Options Available for Academy Sports & Outdoors Investors

Investors in Academy Sports & Outdoors Inc (Symbol: ASO) today gained access to new options, set to expire on April 11th. The Stock Options Channel has analyzed the ASO options chain and identified one notable put contract and one call contract worth consideration.

Put Contract Insights

The put contract at the $50.00 strike price currently holds a bid of 80 cents. By selling to open this put contract, investors commit to buy the stock at $50.00 while collecting the premium, effectively lowering their cost basis to $49.20 (before factoring in broker commissions). For those already considering buying shares of ASO, this strategy offers an appealing alternative to purchasing at today’s price of $50.35 per share.

This $50.00 strike represents roughly a 1% discount to the current trading price, indicating that the option is out-of-the-money. Current analyses—including Greeks and implied data—suggest that there is a 56% chance the put contract may expire worthless. Stock Options Channel will monitor these odds over time and publish updates on our website, including a chart under the contract detail page. If the contract expires worthless, the premium would provide a 1.60% return on the cash commitment, equating to an annualized return of 13.59%, which we refer to as the YieldBoost.

Trading History Overview

Below is a chart displaying the trailing twelve-month trading history for Academy Sports & Outdoors Inc, with the $50.00 strike price highlighted in green:

Call Contract Overview

Shifting attention to the call side of the options chain, the $51.00 strike price call contract is currently bidding at 95 cents. If an investor buys ASO stock at the current price of $50.35 per share and sells to open this call contract as a covered call, they agree to sell the shares at $51.00. Accounting for the premium received, this results in a potential total return of 3.18% if the stock is called away by the April 11th expiration (excluding any dividends and broker commissions). However, should ASO shares rise significantly, there may be considerable upside potential left unutilized, illustrating the importance of examining both the trading history and the company’s fundamentals.

Here is the chart showing ASO’s twelve-month trading history, with the $51.00 strike marked in red:

The $51.00 strike price translates to roughly a 1% premium over the current trading price, indicating it is also out-of-the-money by that amount. Should the covered call contract expire worthless, the investor retains both their shares and the collected premium. Current analytical data suggest a 48% chance of this outcome. Stock Options Channel will track these chances over time on our website, updating the charts of contract history as needed. In the case the call expires worthless, the premium awarded would represent a 1.89% extra return for the investor, or 16.03% annualized, classified under YieldBoost.

Volatility Overview

Both the put and call contracts exhibit an implied volatility of approximately 48%. In contrast, the actual trailing twelve-month volatility—based on the last 250 trading days and the current price of $50.35—is measured at 36%. For additional insights on valuable put and call options contracts, visit StockOptionsChannel.com.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.