Exploring Put Options for Corplay Inc Amid Market Hesitation

Investors eyeing Corplay Inc (Symbol: CPAY) shares at the current market price of $324.29 may want to consider alternative strategies, such as selling puts. A noteworthy option is the January 2027 put contract with a $240 strike price, offering a bid of $11.00. By selling this put, investors can collect a premium that represents a 4.6% return on the $240 commitment, translating to a 2.7% annualized rate of return—what we refer to as the YieldBoost.

It’s important to note that selling a put does not grant the investor the same upside potential as owning shares. The put seller only acquires shares if the contract is exercised. For the option to be exercised at the $240 strike, it must be more advantageous than selling at the current market price. Unless Corplay’s shares drop 26.2% and the contract is exercised—resulting in a cost basis of $229.00 per share before broker commissions, accounting for the $11.00 premium—the primary benefit for the put seller remains the premium collected, yielding a 2.7% annualized return.

Below is a chart demonstrating the trailing twelve-month trading history for Corplay Inc, highlighting where the $240 strike is positioned relative to this history:

The chart above, alongside Corplay’s historical volatility, serves as a valuable tool when combined with fundamental analysis. This approach helps assess whether selling the January 2027 put at the $240 strike for a 2.7% annualized return offers an acceptable reward for the associated risks. We calculated Corplay’s trailing twelve-month volatility—based on the last 249 trading day closing values and the current price of $324.29—to be 34%. For additional put option ideas with varying expiration dates, refer to the CPAY Options page.

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Further Insights:

• PE History
• AXTI Historical Stock Prices
• JBHT Shares Outstanding History

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