New Options for Autodesk Inc: Opportunities for Investors
Overview of New Options Contracts
Investors in Autodesk Inc (Symbol: ADSK) have the option to explore newly available contracts for June 2027. With 779 days until expiration, these long-term options offer a unique opportunity for buyers seeking higher premiums compared to shorter-term contracts. Our YieldBoost formula has analyzed the ADSK options chain and identified standout put and call contracts.
Details on the Put Contract
The put contract at the $240.00 strike price currently holds a bid of $23.00. By selling-to-open this put, an investor agrees to purchase shares at $240.00 while also collecting the premium. This arrangement effectively lowers the cost basis to $217.00 per share, which is notably less than the current market price of $271.26. For investors looking to buy ADSK shares, this option presents an appealing alternative.
Given that the $240.00 strike is approximately a 12% discount from the current trading price, the possibility exists that this put contract could expire worthless. Current analytical data suggests a 75% chance of this outcome. We will monitor these odds over time to observe fluctuations, reporting updates on our contract detail page. Should the put expire worthless, the premium would yield a 9.58% return on the cash commitment, equivalent to 4.49% annualized — referred to as the YieldBoost.
Chart of Trading History
Below is a chart highlighting Autodesk’s trailing twelve-month trading history, indicating where the $240.00 strike price sits in relation to this history:
Insights on the Call Contract
On the call side, an investor can consider a contract at the $300.00 strike price with a current bid of $46.40. If shares are purchased at the present price of $271.26 and a covered call is sold, the investor commits to selling shares at $300.00. This strategy could produce a total return of 27.70% (excluding dividends) if the stock is called away at expiration in June 2027.
However, potential upside exists if ADSK shares appreciate significantly. Thus, evaluating the last twelve months of trading history and the company’s fundamentals is essential. Below is a chart depicting ADSK’s trading history, with the $300.00 strike highlighted:
At the $300.00 strike, an 11% premium exists over the current trading price, leading to a possibility that the covered call could also expire worthless. Currently, data reflects a 41% chance of this outcome. If the covered call expires worthless, investors retain both shares and premium collected. This would represent a 17.11% additional return for the investor or an annualized 8.01% YieldBoost.
Volatility Insights
The implied volatility for the put contract is 35%, while the call contract stands at 32%. Our calculations estimate the trailing twelve-month volatility at 29%, based on the last 250 trading day closing values plus today’s price of $271.26.
For further options contract insights, you can explore additional ideas.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
