Investors are considering purchasing Pagaya Technologies Ltd. – Class A Ordinary Shares (PGY) priced at $29.17/share, with an alternative strategy being to sell puts. A notable put contract is the January 2027 put with a $17 strike, offering a bid premium of $3.00, translating to a 17.6% return on the $17 commitment, or a 12.1% annualized rate of return.
Currently, the trailing twelve-month volatility for PGY shares is 103%. In mid-afternoon trading on Friday, put volume among S&P 500 components reached 1.69 million contracts, while call volume hit 2.13 million, resulting in a put:call ratio of 0.80, which is significantly higher than the long-term median of 0.65.
