Ouster Inc (Symbol: OUST) has introduced new options for February 2026 expiration this week, presenting opportunities for investors. A put contract at the $24.00 strike has a current bid of $6.00, offering a potential effective purchase price of $18.00 per share for those selling the put, rather than the current market price of $25.38. The $24.00 strike represents a 5% discount, with a 69% chance of expiring worthless, potentially yielding a 25.00% return, or 44.29% annualized.
On the calls side, a contract at the $27.00 strike price currently bids at $7.20. If investors buy OUST shares at $25.38 and sell the covered call, the total return could reach 34.75% if the stock is called away, with a 36% likelihood of the call expiring worthless, offering a 28.37% return (50.25% annualized). The implied volatility for the put and call contracts is at 101% and 102%, respectively, compared to a trailing twelve month volatility of 100%.
