Nano Nuclear Energy Inc (Symbol: NNE) is currently trading at $33.62 per share. Investors may consider selling a March 2027 put option at a $13 strike price, which offers a bid of $2.40, resulting in an 18.5% return on the $13 commitment, or 12.7% annualized.
The option allows for premium collection but does not provide ownership unless the stock price drops by 61.5%. The estimated volatility for NNE over the trailing twelve months is 143%.
In mid-afternoon trading, put volume among S&P 500 components reached 1.69 million contracts, compared to 2.13 million call contracts, yielding a put-call ratio of 0.80, which is higher than the long-term median ratio of 0.65.
